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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 19, 1994 American National Bank of Libertyville IL American National Bank and Trust Company of Chicago
Nov 18, 1994 Twin City Corporation KS Cbi-Kansas, Inc.
Nov 18, 1994 Firstar Bank Lake Geneva, National Association WI Firstar Bank Milwaukee, National Association
Nov 18, 1994 First Liberty Bank of Calvert City KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 Bank of Murray KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 The Salem Bank KY Union Planters Bank of Kentucky, National Association
Nov 18, 1994 The Twin-City State Bank KS (unnamed)
Nov 18, 1994 First National Bank of La Center KY Union Planters Bank of Kentucky, National Association
Nov 16, 1994 Hudson-Thompson Employees Federal Credit Union AL All in Federal Credit Union
Nov 16, 1994 Sandkill Federal Credit Union NY Next Step Federal Credit Union
Nov 16, 1994 United Kansas Bank Group, Inc. KS Mark Twain Bancshares, Inc.
Nov 15, 1994 Summit Savings Bank WA Washington Mutual Bank
Nov 15, 1994 Summit Bancorp, Inc. WA Washington Mutual Bank
Nov 14, 1994 Citizens Bank OK BOKF, N.A.
Nov 14, 1994 Citizens Holding Company OK BOKF Merger Corporation Number Four
Nov 14, 1994 Firstar Bank Park Forest IL Firstar Bank Illinois
Nov 12, 1994 First-Columbus National Bank MS Deposit Guaranty National Bank
Nov 12, 1994 Chicago Northwestern Employees Credit Union IA Iowa Heartland Credit Union
Nov 11, 1994 First State Bank of Gurnee IL First of America Bank-Illinois, National Association
Nov 11, 1994 First of America Acquisition Company IL First of America Bank Corporation
Nov 11, 1994 National Security Bank Holding Company OR West One Bancorp
Nov 11, 1994 Albertsons Southern California Federal Credit Union CA Trugrocer Federal Credit Union
Nov 11, 1994 Bank of Buffalo Grove IL First of America Bank-Illinois, National Association
Nov 11, 1994 First State Bank & Trust Company of Park Ridge IL First of America Bank-Illinois, National Association
Nov 11, 1994 National Security Bank OR West One Bank, Oregon
Nov 11, 1994 Saugus Bank and Trust Company MA Eastern Bank
Nov 11, 1994 National Bank of Glenrock WY Hilltop National Bank
Nov 10, 1994 The First National Bank of Sterling KS First Bank
Nov 10, 1994 Quivira Banc Shares, Inc. KS First Bank
Nov 10, 1994 T-W Credit Union MO Metropolitan Federal Credit Union
Nov 9, 1994 RHNB Corporation SC NB Holdings Corporation
Nov 8, 1994 New Meriden Trust and Safe Deposit Company, National Association CT Peoples Savings Bank & Trust
Nov 8, 1994 Lindale Bancshares, Inc. TX Lindale Delaware Corporation
Nov 7, 1994 Firstar Bank North Shore IL Firstar Bank Illinois
Nov 7, 1994 Farmers National Bank IA Iowa Savings Bank
Nov 4, 1994 Republic Savings Bank, FSB KY Republic Bank & Trust Company
Nov 4, 1994 Republic Bank of Shelby County KY Republic Bank & Trust Company
Nov 4, 1994 Codding Bank CA National Bank of the Redwoods
Nov 3, 1994 Riverdale Bank IL Heritage Community Bank
Nov 2, 1994 The First National Bank in Stamford TX State National Bank of West Texas
Nov 2, 1994 The Winters State Bank TX State National Bank of West Texas
Nov 1, 1994 M-H Hospital Federal Credit Union TN Ten Credit Union
Nov 1, 1994 Integrity Savings Association PA St. Edmond's Federal Savings Bank
Nov 1, 1994 Citizens State Bank of Nevada, Missouri MO (unnamed)
Nov 1, 1994 First Western Bank, a Federal Savings Bank NV Wells Fargo Bank Nevada, National Association
Nov 1, 1994 Pasadena Omc Federal Credit Union TX Texas Bay Credit Union
Nov 1, 1994 UMB Columbine National Bank CO UMB Bank Colorado, National Association
Nov 1, 1994 Baldwinville Co-operative Bank MA Colonial Co-operative Bank
Nov 1, 1994 White Consolidated Industries Federal Credit Union OH Genfed Financial Credit Union, Inc.
Nov 1, 1994 Salin Bank IN Salin Bank and Trust Company

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

Enforcement Actions in 1994

Action date Agency Institution Action
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Frank J. Mirabella Jr.
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Mel C. Reese III
Dec 30, 1994 OCC_OTS Southwest Savings and Loan Association, Federal Association Orders of Removal/Prohibition: Donald J. Lewis
Dec 29, 1994 FRB PT. Bank Ekspor Impor Indonesia (Persero) Written Agreement: PT Bank Ekspor Impor Indonesia (Persero), Jakarta, Indonesia and PT Bank Ekspor …
Dec 28, 1994 OCC_OTS Heartland Bank Orders of Removal/Prohibition: Gregory Norman
Dec 22, 1994 OCC American Commerce National Bank Prohibition/Removal Orders: Kaller, Stanley
Dec 22, 1994 OCC_OTS The Elmira Savings Bank Orders of Removal/Prohibition: Robert N. Gamer
Dec 22, 1994 OCC_OTS Republic Federal Savings and Loan Association Orders of Removal/Prohibition: Guy M. Massey
Dec 22, 1994 OCC_OTS Elmira Savings Bank Cease and Desist: Robert N. Gamer
Dec 22, 1994 OCC American Commerce National Bank Civil Money Penalty (CMP): Kaller, Stanley
Dec 21, 1994 FRB California Center Bank Cease and Desist Order: Sunnie S. Kim
Dec 21, 1994 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kim, Sunnie S.
Dec 19, 1994 OCC The Park Avenue Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Avenue Bank, N.A.
Dec 19, 1994 FRB Banco Latino, C.A. Cease and Desist Order: Banco Latino C.A., Caracas, Venezuela and Banco Latino International, Miami, …
Dec 16, 1994 FRB Fe-San Francisco Ca, LLC Written Agreement: The San Francisco Company, San Francisco, CA
Dec 15, 1994 OCC Fallbrook National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Williams, Lloyd
Dec 15, 1994 FRB UFJ Trust Company of New York Prohibition from Banking: James A. MacCallum
Dec 15, 1994 FRB UFJ Trust Company of New York Cease and Desist Order: James A. MacCallum
Dec 14, 1994 OCC_OTS Transohio Federal Savings Bank Orders of Removal/Prohibition: Cloyd A. Singhass
Dec 13, 1994 OCC The Home National Bank Formal Agreement: The Home National Bank
Dec 9, 1994 FRB Hanmi Bank Written Agreement: Hanmi Bank, Los Angeles, CA
Dec 7, 1994 OCC_OTS Amerifirst Federal Savings Bank Orders of Removal/Prohibition: Richard M. Hattler
Dec 7, 1994 OCC Bank One Trust Company, N.A. Prohibition/Removal Orders: Hartwell, Daniel J.
Dec 6, 1994 FRB The Blackshear Bank Prohibition from Banking: Charles N. Rowland
Dec 6, 1994 FRB Bank of Versailles Cease and Desist Order: The Bank of Versailles, Versailles, KS
Dec 4, 1994 FRB Bankers Trust Company New York Limited Written Agreement: Bankers Trust New York Corporation, Bankers Trust Company and BT Securities Corporation, …
Nov 23, 1994 FRB United Bank Corporation of New York Cease and Desist Order: Michael Jacobs
Nov 23, 1994 OCC The Upstate National Bank Civil Money Penalty (CMP): Jacobs, Michael
Nov 23, 1994 OCC The Upstate National Bank Prohibition/Removal Orders: Jacobs, Michael A.
Nov 23, 1994 FRB United Bank Corporation of New York Prohibition from Banking: Michael Jacobs
Nov 23, 1994 FRB United Bank Corporation of New York Civil Money Penalty $100,000: Michael Jacobs
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Syntek West, Inc.
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: The May Trust
Nov 22, 1994 OCC_OTS Southmark Corporation Cease and Desist: William S. Friedman
Nov 22, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: William S. Friedman
Nov 22, 1994 OCC_OTS (individual) Orders of Removal/Prohibition: Gene E. Phillips
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Galaxy Associates
Nov 22, 1994 FRB Bank Melli Iran Written Agreement: Bank Melli Iran, Tehran, Iran, Bank Melli Iran, New York, NY and …
Nov 22, 1994 FRB The First State Bank of West Manchester Written Agreement: The First State Bank of West Manchester, West Manchester, OH
Nov 22, 1994 OCC_OTS Southmark Corporation Cease and Desist: Gene Phillips
Nov 22, 1994 OCC_OTS (individual) Cease and Desist: Syntek Investment Properties, Inc
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: Bruce Kallemeyn
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: J. B. Tate
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: John H. Boren
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: M. L. Duke
Nov 21, 1994 OCC Texas National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lauder, W.B.
Nov 21, 1994 FRB Bank Saderat Iran Cease and Desist Order: Bank Saderat Iran, Tehran, Iran and Bank Saderat Iran, New …
Nov 21, 1994 OCC_OTS Snyder Savings and Loan Association Cease and Desist: Fla Joyce Boren
Nov 17, 1994 OCC Western Family National Bank Prohibition/Removal Orders: McMahan, Joanne S.
Nov 17, 1994 OCC Richardson National Bank Prohibition/Removal Orders: West, Charles

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