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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
Oct 12, 1994 Towner Bancorporation, Ltd. ND Western State Agency, Inc.
Oct 12, 1994 Drake-Lyman Bancshares, Inc. WY United Bancorporation of Wyoming, Inc.
Oct 8, 1994 First National Bank of Vicksburg MS Trustmark Bank
Oct 8, 1994 Huntington Bank Martinsburg National Association WV Huntington National Bank West Virginia
Oct 8, 1994 Northwest Bank of Enid OK BOKF, N.A.
Oct 8, 1994 First National Financial Corporation MS Trustmark Corporation
Oct 8, 1994 Green Mountain Bank CO Colorado National Bank
Oct 7, 1994 First Southern Missouri Bancshares, Inc. MO Midwest Bancshares, Inc.
Oct 7, 1994 Westcal National Bank CA Greater Bay Bank, National Association
Oct 6, 1994 Allstates Federal Credit Union PA American Heritage Federal Credit Union
Oct 6, 1994 Peoples Bancorp of Green County, Inc. KY Greensburg Bancorp, Inc
Oct 6, 1994 Southeast Mississippi Bank MS BankPlus
Oct 5, 1994 Downstate National Bank IL First Mid Bank & Trust, N.A.
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Farley Bancshares, Inc. MO KLT Bancshares, Inc.
Oct 3, 1994 United New Mexico Bank at Roswell NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 (unnamed) — Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 Leelanau Catholic Credit Union MI Traverse Catholic Federal Credit Union
Oct 3, 1994 United New Mexico Bank at Alamogordo NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Mimbres Valley NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Vaughn NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Trust Company NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank, National Association NM Wells Fargo Bank New Mexico, National Association
Oct 3, 1994 United New Mexico Bank at Lea County NM Wells Fargo Bank New Mexico, National Association
Oct 2, 1994 Desoto Bancshares, Inc. IL Southern Bancshares, Ltd.
Oct 2, 1994 Bank of De Soto IL First National Bank and Trust Company, Carbondale, Illinois
Oct 2, 1994 Abc Safety Deposit Co. IL ABC Bank
Oct 1, 1994 Jefferson Bancshares, Incorporated GA Allied Bankshares, Inc.
Oct 1, 1994 First Community Bancshares, Inc. GA Regions Financial Corporation
Oct 1, 1994 Citizens First Bancorp, Inc. NJ Natwest Holdings Inc.
Oct 1, 1994 Bank of Jefferson County GA Allied Bank of Georgia
Oct 1, 1994 Citizens Bank & Trust GA Allied Bank of Georgia
Oct 1, 1994 Citizens First National Bank of New Jersey NJ National Westminster Bank USA
Oct 1, 1994 Bank One, West Virginia, Philippi, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Clarksburg, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank of Reynolds IN Lafayette Bank and Trust Company, National Association
Oct 1, 1994 Business Bancorp CA SJNB Financial Corp.
Oct 1, 1994 California Business Bank, National Association CA San Jose National Bank
Oct 1, 1994 Bank One, West Virginia, Williamson, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Nicholas County, Inc. WV Bank One, West Virginia, National Association
Oct 1, 1994 Methodist Hospital Federal Credit Union TX Primeway Federal Credit Union
Oct 1, 1994 Jersey Shore Federal Credit Union NJ Jersey Shore Federal Credit Union
Oct 1, 1994 S L C Federal Credit Union TX Resource One Credit Union
Oct 1, 1994 PVC Employees Federal Credit Union PA Cross Valley Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Buckhannon, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Bank One, West Virginia, Charleston, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 First Financial-Port Savings Bank, FSB WI First Financial Bank
Oct 1, 1994 Citizens Bank of Kentucky, National Association KY Citizens Bank of Kentucky

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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