Skip to main content

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
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

Browse adjacent years: 1993 · 1995

Or jump to a category: Failures · Mergers · Enforcement · Assistance