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Calendar Year

1994 in US Banking

1,728 bank events are on record for 1994: 15 failures, 1,234 mergers or acquisitions involving a bank, credit union or bank holding company, and 479 enforcement actions.

15
Failures
$1.60B in failed assets
1,234
Mergers
Federal Reserve NIC, banking organizations
479
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1994 · Bank mergers 1994

How many banks failed in 1994?

15 banks failed in 1994, with $1.60B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 16, 1994 Cornerstone Bank FSB Mission Viejo, CA $44.3M California FB, a FSB
Oct 21, 1994 Ludlow Savings Bank Ludlow, MA $222.7M Albany Savings Bank FSB
Aug 26, 1994 Capital Bank Downey, CA $76.9M Landmark Bank
Aug 12, 1994 Bank of Newport Newport Beach, CA $167.8M Union Bank
Jul 29, 1994 Commerce Bank Newport Beach, CA $142.3M California State Bank
Jul 29, 1994 Western Community Bank Corona, CA $54.0M Bank of San Bernardino
Jul 15, 1994 Bank of San Pedro Los Angeles, CA $132.6M Home Bank
Jul 8, 1994 Pioneer Bank Fullerton, CA $133.2M Chino Valley Bank
Jul 7, 1994 The Meriden Trust and Safe Deposit Meriden, CT $3.2M People's Savings Bank & Tru
Jun 10, 1994 The Bank of Hartford Hartford, CT $321.5M Eagle Federal Savings Ba
Jun 3, 1994 Encino Savings Bank, FSB Encino, CA $92.5M American SB, F.A.
May 19, 1994 Barbary Coast National Bank San Francisco, CA $10.7M Metropolitan Bank
May 6, 1994 Commercial Bank and Trust Company Lowell, MA $30.3M Medford Savings Bank
Apr 14, 1994 Superior National Bank Kansas City, MO $20.0M Citizens-Jackson County Ban
Apr 1, 1994 Mechanics National Bank Paramount, CA $148.7M Home Bank

Which banks merged in 1994?

1,234 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1994.

See the fuller list: Bank mergers 1994 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 17, 1994 FirstBank of South Boulder, National Association CO FirstBank of Boulder
Dec 17, 1994 Unity Bancorp, Inc. OH SKY Financial Group, Inc.
Dec 17, 1994 Lockwood National Bank of Houston TX Comerica Bank - Texas
Dec 17, 1994 Amity Federal Bank for Savings IL M & I Bank N.A.
Dec 17, 1994 First Federal Bank for Savings of Northern Kentucky KY The Huntington National Bank of Kentucky
Dec 17, 1994 Shoreline Bank and Trust Company CT First Federal Bank
Dec 17, 1994 Mineral King Bancorp, Inc. CA Vallicorp Holdings, Inc.
Dec 17, 1994 Park Forest National Bank TX Wells Fargo Bank Texas, National Association
Dec 17, 1994 The New Waterford Bank OH Sky Bank
Dec 16, 1994 First Maryland Holding Corporation (LC) MD Allfirst Financial Inc.
Dec 16, 1994 First Regional Investcorp, Inc. CT First International Bancorp, Inc.
Dec 16, 1994 First Maryland Cheque Corporation MD Allfirst Financial Inc.
Dec 14, 1994 Kane County Bancshares, Incorporated IL Old Second Bank-Kane County
Dec 13, 1994 Ihapd Federal Credit Union GA Atlanta Federal Credit Union
Dec 13, 1994 American State Bank IN Indiana Federal Bank for Savings
Dec 13, 1994 First Citizens Bancorp of Indiana IN KeyCorp
Dec 12, 1994 Firstar Bank DuPage IL Firstar Bank Illinois
Dec 12, 1994 (unnamed) — UMB Bank of St. Louis, National Association
Dec 10, 1994 Mercantile Bank of Table Rock Lake MO Mercantile Bank of South Central Missouri
Dec 10, 1994 Metropolitan Bank and Trust Company MA Central Co-operative Bank
Dec 9, 1994 First Republic Federal Savings Bank FSB NC First-Citizens Bank & Trust Company
Dec 9, 1994 Westbanco, Inc. IL Founders Group, Inc.
Dec 9, 1994 Farmers State Bank, Hunter, Kansas KS Community Bank of the Midwest
Dec 9, 1994 First National Bank TX West Side Bank and Trust
Dec 7, 1994 First Federal Savings Bank of Proviso Township IL First Bank, A Federal Savings Bank
Dec 6, 1994 The Buckeye Savings Bank OH R-G Crown Bank
Dec 6, 1994 Michael Bancorporation, Incorporated MN University Financial Corp, GBC dba Sunrise Banks
Dec 5, 1994 Citizens National Bank IA First Citizens Bank
Dec 5, 1994 The First National Bank in Blandinsville IL Union Bank/West
Dec 5, 1994 Osage Farmers National Bank IA First Citizens Bank
Dec 5, 1994 Trust Company of America CO Trust Company of America
Dec 5, 1994 Firstar Bank Portage WI Firstar Bank Wisconsin
Dec 5, 1994 (unnamed) — Union Bank/West
Dec 5, 1994 First National Bank IA First Citizens Bank
Dec 3, 1994 The Central Bank GA First Liberty Bank
Dec 3, 1994 Baker County Bank GA Southwest Georgia Bank
Dec 3, 1994 Bank One, Fresno, National Association CA Valliwide Bank
Dec 3, 1994 Old Stone Bank of California, a Federal Savings Bank CA Alameda First National Bank
Dec 3, 1994 Germantown Savings Bank PA Corestates Bank, National Association
Dec 3, 1994 Western Oregon Community Bank OR Centennial Bank
Dec 3, 1994 CG Bancorp OR Centennial Bancorp
Dec 2, 1994 Evergreen Bank NY Evergreen Bank, National Association
Dec 2, 1994 Creston Federal Credit Union GA Robins Financial Credit Union
Dec 2, 1994 First United Bancorp, Inc. AL Suntrust Banks of Tennessee, Inc.
Dec 2, 1994 Guaranty Bank & Trust Company LA Regions Bank of Louisiana
Dec 2, 1994 First American Bank & Trust of Louisiana LA Regions Bank of Louisiana
Dec 2, 1994 The Keeseville National Bank NY Evergreen Bank, National Association
Dec 1, 1994 Rock Hill National Bank SC NationsBank of South Carolina, National Association
Dec 1, 1994 Poole Deposit Bank KY First Kentucky Bank
Dec 1, 1994 The American State Bank CO Colorado East Bank & Trust

The list holds 500 of the 1,234 mergers recorded for 1994.

Enforcement Actions in 1994

Action date Agency Institution Action
Feb 18, 1994 OCC The Midway National Bank of St. Paul Civil Money Penalty (CMP): Gross, David D.
Feb 18, 1994 OCC Bank One, West Virginia, Williamson, National Association Civil Money Penalty (CMP): Bank One, West Virginia, Williamson, N. A.
Feb 18, 1994 FRB (individual) Written Agreement: Merchants Bancshares, Inc., Burlington, VT
Feb 14, 1994 OCC (individual) Civil Money Penalty (CMP): Shaw, Melvin F.
Feb 10, 1994 OCC_OTS Topa Savings Bank Supervisory Agreement: Topa Savings Bank, FSB
Feb 9, 1994 OCC_OTS Community Federal Savings Bank Supervisory Agreement: Community Federal Savings Bank
Feb 9, 1994 OCC College Boulevard National Bank Civil Money Penalty (CMP): Sader, Harold M.
Feb 7, 1994 OCC Summerville National Bank Formal Agreement: Summerville National Bank
Feb 4, 1994 OCC Texas Republic Bank, N.A. Civil Money Penalty (CMP): Gamble, S. Mike
Feb 3, 1994 OCC Ventura County National Bancorp Formal Agreement: Ventura County National Bank
Feb 1, 1994 OCC_OTS Slavie Federal Savings and Loan Association Supervisory Agreement: Slavie Federal Savings and Loan Assocaiton
Jan 31, 1994 OCC United Bank for Africa PLC Formal Agreement: United Bank For Africa, Plc
Jan 27, 1994 OCC_OTS Metropolitan Financial Corporation Orders of Removal/Prohibition: John A. Guidinger
Jan 27, 1994 OCC_OTS Metropolitan Financial Corporation Civil Money Penalty: John A. Guidinger
Jan 25, 1994 OCC_OTS Family First Funding LLC Supervisory Agreement: Michele Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Family Fiedelity Insurance Company
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Gerald Corrado
Jan 25, 1994 OCC_OTS (recovered) Cease and Desist: James Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Joseph Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Patricia Corrado Held
Jan 25, 1994 OCC_OTS Family First Funding LLC Cease and Desist: Peter Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Family Fidelity Ins. Company
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Gerald Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: James Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Joseph Corrado
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Patricia Corrado Held
Jan 25, 1994 OCC_OTS Family First Funding LLC Civil Money Penalty: Peter Corrado
Jan 25, 1994 FRB Dyer F & M Bancshares, Inc. Cease and Desist Order: Dyer F&M Bancshares, Inc., Dyer, TN
Jan 24, 1994 OCC_OTS Suburban Federal Savings Bank Orders of Removal/Prohibition: William F. Shivers
Jan 24, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Dennis Edmondson
Jan 24, 1994 OCC_OTS Doylestown Federal Savings & Loan Association Orders of Removal/Prohibition: Robert D. Gilmore
Jan 21, 1994 OCC First National Bank of Vicksburg Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Vicksburg
Jan 20, 1994 OCC_OTS First Trade Union Capital Trust I Cease and Desist: Carol A. Little
Jan 20, 1994 OCC_OTS First Trade Union Capital Trust I Orders of Removal/Prohibition: Carol A. Little
Jan 19, 1994 OCC Merchants Bank of California, N.A. Prompt Corrective Action (PCA) Directive: Rancho Dominguez Bank, N.A.
Jan 13, 1994 OCC Siam Commercial Bank Public Company Limited Formal Agreement: Siam Commercial Bank Public Company Limited
Jan 13, 1994 FRB (individual) Civil Money Penalty $3,000: John L. Piesik
Jan 12, 1994 OCC The Malta National Bank Prohibition/Removal Orders: Welch, Harry F.
Jan 12, 1994 OCC The Malta National Bank Prohibition/Removal Orders: Ziegler, Charles
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Lowe, Michael D.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Welch, Harry F.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Ziegler, Charles
Jan 12, 1994 OCC Security National Bank of Superior Formal Agreement: Security National Bank Of Superior
Jan 12, 1994 OCC Security National Bank of Superior Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wright, Steven R.
Jan 12, 1994 OCC The Malta National Bank Civil Money Penalty (CMP): Hartzell, Bruce W.
Jan 12, 1994 OCC Security National Bank of Superior Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Myers, Harold S.
Jan 12, 1994 OCC Nara Bank Civil Money Penalty (CMP): Hong, Gilbert
Jan 11, 1994 OCC Eagle Bank of Champaign County, N.A. Civil Money Penalty (CMP): Bartell, Richard W.
Jan 11, 1994 OCC Eagle Bank of Champaign County, N.A. Prohibition/Removal Orders: Bartell, Richard W.
Jan 11, 1994 OCC Sears National Bank Civil Money Penalty (CMP): Lee, Brian P.

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