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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
Nov 1, 1994 State Bank of Fayette IA Farmers State Bank
Nov 1, 1994 American Savings Bank PA Keystone Financial Bank, National Association
Nov 1, 1994 Florida Tile Federal Credit Union FL Midflorida Credit Union
Nov 1, 1994 BMC Bankcorp, Inc. KY CBT Corporation
Nov 1, 1994 United Family Credit Union IA Greenstate Credit Union
Nov 1, 1994 Hubbell Bank NE State Bank of Chester
Nov 1, 1994 Charter Federal Savings Bank NJ Santander Bank, N.A.
Nov 1, 1994 Coffee County Bank AL Community Bank and Trust of Southeast Alabama
Nov 1, 1994 Grain Dealers Mutual Credit Union IN Forum Credit Union
Nov 1, 1994 Home Federal Savings Bank DC First Union National Bank of Washington, D.C.
Nov 1, 1994 United Retailers Federal Credit Union NE Metro Cu Federal Credit Union
Nov 1, 1994 Win-Glen Federal Credit Union PA Lebanon Federal Credit Union
Nov 1, 1994 The First National Bank of Guymon OK Gold BANK
Nov 1, 1994 Springfield Savings & Loan Association VT Brattleboro Savings & Loan Association
Nov 1, 1994 E E S C O Employees Credit Union IL Vicinity Credit Union
Nov 1, 1994 Ram Golf Employees Federal Credit Union IL Access Credit Union
Nov 1, 1994 Sacramento Savings Bank CA First Interstate Bank of California
Nov 1, 1994 Dover School Employees Cu PA York Educational Federal Credit Union
Oct 31, 1994 Mt Olivet Baptist Federal Credit Union NJ New Community Federal Credit Union
Oct 31, 1994 Bank IV Financial Services, Inc KS Fourth Financial Corporation
Oct 28, 1994 Taca Airlines Empl Fcu LA New Orleans Firemens Federal Credit Union
Oct 27, 1994 Peter J. Schmitt Co. Inc. Federal Credit Union NY Cornerstone Community Federal Credit Union
Oct 24, 1994 First National Bank in Harper KS American Bank
Oct 24, 1994 WesBanco Bank Morgantown, Inc. WV WesBanco Bank Fairmont, Inc.
Oct 24, 1994 Bank of Menomonie WI Bremer Bank, National Association
Oct 22, 1994 M&I Western State Bank WI Associated Bank, National Association
Oct 22, 1994 The First State Bank of Wiggins CO Independent Bank
Oct 22, 1994 Ocean Independent Bank NJ First Dewitt Bank
Oct 21, 1994 First Fidelity Bank, National Association NJ First Fidelity Bank, National Association, New Jersey
Oct 21, 1994 Palace Quality Federal Credit Union MI Zeal Credit Union
Oct 21, 1994 Sun Bank of Gainesville FL SunTrust Bank, North Central Florida
Oct 19, 1994 Surgi Credit Federal Credit Union CT General Electric Employees Federal Credit Union
Oct 18, 1994 Spot Sales Employees Credit Union MO St. Louis Community Credit Union
Oct 18, 1994 First Southeast Banking Corp. WI Firstar Corporation of Wisconsin
Oct 17, 1994 OMNIBANK Arapahoe CO OMNIBANK Southeast
Oct 15, 1994 Oxford Bank IL Bank One, National Association
Oct 15, 1994 Boatmen's Bank of Marengo IA Boatmen's Bank Iowa, National Association
Oct 15, 1994 Boatmen's Bank of Kalona IA Boatmen's Bank Iowa, National Association
Oct 15, 1994 Heritage Bank Midlothian IL Heritage Bank
Oct 15, 1994 Plaistow Bank and Trust Company NH The Family Savings Bank of New Hampshire
Oct 15, 1994 Merchandise National Bank of Chicago IL Old Kent Bank
Oct 15, 1994 United American Bank CA GBC International Bank
Oct 15, 1994 EdgeMark Bank - Lombard IL Old Kent Bank
Oct 15, 1994 Hampton Park Corporation IL First Chicago Corporation
Oct 15, 1994 Boatmen's Bank of Sigourney IA Boatmen's Bank Iowa, National Association
Oct 15, 1994 The Davis National Bank of Mullins SC First National South
Oct 15, 1994 Yorktown Community Bank TX The First National Bank of Beeville
Oct 15, 1994 EdgeMark Bank - Rosemont IL Old Kent Bank
Oct 15, 1994 Boatmen's Bank of Sioux City IA Boatmen's Bank Iowa, National Association
Oct 15, 1994 Profile Financial Corporation NH Family Bancorp of New Hampshire

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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