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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 1, 1994 BNR Bancshares, Inc. LA Regions Financial Corporation
Sep 1, 1994 Coca-Cola Employees Credit Union KY Beacon Community Credit Union
Sep 1, 1994 First State Bank and Trust Company TX International Bank of Commerce
Sep 1, 1994 Pioneer Federal Savings Bank VA Signet Bank
Sep 1, 1994 First Citizens Bank TN Union Planters Bank of Middle Tennessee, National Association
Sep 1, 1994 Commercial Bank of Liberty, N. A. MO Commerce Bank
Sep 1, 1994 Associated Bank Marshfield, National Association WI Associated Bank North
Sep 1, 1994 Bank of Powell AL Horizon Bank
Sep 1, 1994 Steiner Bank AL Highland Bank
Sep 1, 1994 Co-Op Employees Credit Union IA N.W. Iowa Credit Union
Sep 1, 1994 The Bank of Iredell NC United Carolina Bank
Sep 1, 1994 Valley Bank, South Central (National Association) WI M&I Bank South Central
Sep 1, 1994 M&I New Holstein Bank WI M&I Bank Fox Valley
Sep 1, 1994 Home Federal Bank, Savings Bank NV Wells Fargo Bank Nevada, National Association
Sep 1, 1994 Kenosha News Credit Union WI Southern Lakes Credit Union
Sep 1, 1994 Valley Bank Western, FSB WI M&I Mid-State Bank
Sep 1, 1994 M&I Fox Heights Bank WI M&I Bank Northeast
Sep 1, 1994 M&I Bank of Onalaska WI M&I Bank of La Crosse
Sep 1, 1994 Wilmington 451 Federal Credit Union DE Delaware First Federal Credit Union
Sep 1, 1994 Grant Federal Savings Bank AR Citizens First Bank
Sep 1, 1994 F & M Bank-Pulaski WI F & M Bank-Wisconsin
Sep 1, 1994 M&I Bank of Dodgeville WI M&I Bank Southwest
Aug 31, 1994 First Bank and Trust Company of Oakland City IN The Citizens National Bank of Evansville
Aug 31, 1994 Oakland City Bancshares Corp. IN Citizens Bancshares, Inc.
Aug 31, 1994 720 Federal Credit Union NJ K&E Employees Federal Credit Union
Aug 29, 1994 1st Oak Brook Bank IL Oak Brook Bank
Aug 27, 1994 Detroit Savings Bank, Federal Savings Bank MI Standard Federal Bank
Aug 27, 1994 The Cumberland Federal Bancorporation, Inc. KY Fifth Third Bancorp
Aug 27, 1994 Continental Bank PA (unnamed)
Aug 26, 1994 Norwest Bank Wisconsin Waupun, National Association WI Wells Fargo Bank Wisconsin, National Association
Aug 26, 1994 Central State Bank NC First Bank
Aug 26, 1994 Red River Valley Bank LA Bank One, Louisiana, National Association
Aug 25, 1994 Bostwick Banking Company GA First State Bank of Blakely
Aug 23, 1994 Star Valley State Bank WY First Security Bank of Wyoming
Aug 22, 1994 American Chartered Bank of Bartlett IL American Chartered Bank
Aug 22, 1994 Citizens Savings Bank, SSB, Inc. NC Truist Bank
Aug 22, 1994 Thornridge State Bank IL Manufacturers Bank
Aug 22, 1994 Farmers State Bank of Delavan MN The First National Bank of Elmore
Aug 22, 1994 Tinley Park Bank IL Manufacturers Bank
Aug 22, 1994 American Chartered Bank of Lake Zurich IL American Chartered Bank
Aug 20, 1994 First Inter-Bancorp, Inc. NY First Fidelity Bancorporation
Aug 20, 1994 Mid-Hudson Savings Bank FSB NY First Fidelity Bank, National Association
Aug 20, 1994 Bank of Fordsville KY Commonwealth Community Bank, Inc.
Aug 20, 1994 Huntington Bank Charleston N.A. WV Huntington National Bank West Virginia
Aug 20, 1994 Pioneer Financial, A Cooperative Bank MA Fleet National Bank
Aug 19, 1994 T U F Federal Credit Union IL North Side Community Federal Credit Union
Aug 19, 1994 Midlantic Banks Inc. NJ Midlantic Corporation
Aug 19, 1994 Bank of Loudoun VA Jefferson National Bank
Aug 18, 1994 First Cook Community Bank, F.S.B. IL Republic Bank of Chicago
Aug 17, 1994 United Postal Savings Association MO Firstar Bank Missouri, National Association

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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