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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
Sep 30, 1994 The First National Bank of Alex OK Brooks Bank, N.A.
Sep 30, 1994 Green Mountain Bancorporation, Inc. CO Colorado National Bankshares, Inc.
Sep 30, 1994 PNC Employees Federal Credit Union PA American Heritage Federal Credit Union
Sep 30, 1994 The Employees N.W. Federal Credit Union WA Qualstar Credit Union
Sep 30, 1994 West Newton Savings Bank MA Fleet National Bank of Massachusetts
Sep 28, 1994 Island Bank of Collier County FL SouthTrust Bank of Southwest Florida National Association
Sep 28, 1994 Community Bank of Charlotte FL SouthTrust Bank of Southwest Florida National Association
Sep 27, 1994 United National Bancorporation PA First Commonwealth Financial Corporation
Sep 26, 1994 The Marian State Bank PA Knoblauch State Bank
Sep 26, 1994 The Edwardsville Bank KS (unnamed)
Sep 26, 1994 The Wyandotte Bank KS (unnamed)
Sep 26, 1994 The Home State Bank KS First United National Bank and Trust Company
Sep 26, 1994 The Home State Bank of Kansas City, Kansas KS (unnamed)
Sep 26, 1994 The Columbia Bank WA Washington Trust Bank
Sep 26, 1994 First American Bancshares, Inc. KS Dickinson Financial Corporation
Sep 24, 1994 WestStar Bank OK Arvest State Bank
Sep 24, 1994 First Federal Savings and Loan Association of Charlotte NC Security Capital Bank
Sep 23, 1994 Citrus National Bank FL SouthTrust Bank of Central Florida
Sep 23, 1994 The Peoples Bank GA F&M Bank
Sep 20, 1994 Mellon PSFS Acquisition Corporation PA Mellon PSFS Bancorporation
Sep 19, 1994 (unnamed) — The American National Bank of Texas
Sep 17, 1994 Tri Cities Credit Union IL Kane County Teachers Credit Union
Sep 17, 1994 State Home Savings Bank, F.S.B. OH KeyBank N.A.
Sep 17, 1994 Eastern Trust Company NY TrustCo Bank, National Association
Sep 16, 1994 Bank of Anaheim, National Association CA First Security Bank of California, N.A.
Sep 15, 1994 First Jefferson Corporation MS Southtrust of Mississippi, Inc.
Sep 15, 1994 Landis Savings Bank, Sla NJ Covenant Bank
Sep 14, 1994 Crestmont Federal Savings and Loan Association NJ Summit Bank
Sep 14, 1994 Crestmont Financial Corp. NJ The Summit Bancorporation
Sep 13, 1994 Lamb's Bancorporation Ltd. ND First Holding Company of Park River, Inc
Sep 12, 1994 Mutual Savings Bank of Rockingham County, SSB NC Truist Bank
Sep 12, 1994 Citizens Savings Bank, SSB NC Truist Bank
Sep 12, 1994 Century Bank MO Mark Twain Bank
Sep 10, 1994 First Buffalo Holding Company AZ Charter Bancorporation, Inc.
Sep 10, 1994 First National Bank MN First National Bank
Sep 10, 1994 American Slovak Building and Loan Association of McKees Rocks, Pennsylvania PA SSB Bank
Sep 9, 1994 United Bank of Bismarck ND First Bank of North Dakota, N.A.
Sep 9, 1994 First Dakota Financial Corporation ND U.S. Bancorp
Sep 3, 1994 Valley Commercial Bank WA West One Bank, Washington
Sep 3, 1994 First South Bank of Ben Hill County, N.A. GA Bankers First Savings Bank, FSB
Sep 1, 1994 Pennsylvania Food Merchants Credit Union PA Members 1st Federal Credit Union
Sep 1, 1994 Community Independent Bancorp, Inc. KY Community First Financial, Inc.
Sep 1, 1994 Community Financial Bancorp, Inc. KY Community First Financial, Inc.
Sep 1, 1994 FGC Holding Company KY Trans Financial, Inc.
Sep 1, 1994 Pioneer Financial Corporation VA Signet Banking Corporation
Sep 1, 1994 Blair Cu WI Co-Op Credit Union
Sep 1, 1994 Liberty Bancshares, Inc. MO CBI Security Corporation
Sep 1, 1994 Anadarko Bancshares, Inc. OK Falcon Bancorp, Inc.
Sep 1, 1994 (unnamed) — Union Planters Bank of Missouri
Sep 1, 1994 Continental Bank Corporation IL Bankamerica Corporation

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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