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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 1, 1994 Tri-County State Bank of Ortonville MN CenBank
Oct 1, 1994 The First National Bank of Hooper NE First Northeast Bank of Nebraska
Oct 1, 1994 The Bank of Walnut MS The Peoples Bank
Oct 1, 1994 Central Pennsylvania Savings Association, F.A. PA Great Valley Savings Bank
Oct 1, 1994 Gentro Federal Credit Union TX Complex Community Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Beckley, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Ufcw Mid-Atlantic Federal Credit Union MD Afl-Cio Employees Federal Credit Union
Oct 1, 1994 Sonoma-Marin Credit Union CA Patelco Credit Union
Oct 1, 1994 Topflight Federal Credit Union PA Pace Resources Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Lincoln, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Cabot Credit Union VT North Country Federal Credit Union
Oct 1, 1994 Corhart Employees Credit Union KY L&N Federal Credit Union
Oct 1, 1994 Bank of Sardis MS First Security Bank
Oct 1, 1994 Bank One, West Virginia, Boone, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Hopaco Employees Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 Farmco Employees Credit Union MA Four Points Federal Credit Union
Oct 1, 1994 Bank One, West Virginia, Logan, National Association WV Bank One, West Virginia, National Association
Oct 1, 1994 Citizens State Bank KS Citizens Bank of Kansas
Oct 1, 1994 Treasure Credit Union MA Franklin First Federal Credit Union
Oct 1, 1994 Kai-Perm Hawaii Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 Engineers Credit Union MS Delta Federal Credit Union
Oct 1, 1994 Muse Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 (unnamed) — Citizens Bank of Kentucky
Oct 1, 1994 Bekins Employees Federal Credit Union CA Logix Federal Credit Union
Oct 1, 1994 Biltmore Farms Credit Union NC Champion Credit Union
Oct 1, 1994 Lincoln Bank South NE National Bank of Commerce Trust and Savings Association
Oct 1, 1994 Meramec State Bank MO Sullivan Bank
Oct 1, 1994 Bank One, West Virginia, Wayne County, Inc. WV Bank One, West Virginia, National Association
Oct 1, 1994 Brownfield State Bank TX American State Bank
Oct 1, 1994 Timken Community Credit Union KS Heartland Credit Union
Oct 1, 1994 First Savings Bank, F.S.B. GA Allied Bank of Georgia
Oct 1, 1994 Community First Bank of May's Lick KY Community First Bank
Oct 1, 1994 First Federal Savings & Loan Association of Hastings MN Midcountry Bank
Oct 1, 1994 The Turon State Bank KS Citizens Bank of Kansas
Oct 1, 1994 Laddonia State Bank MO Central Bank of Audrain County
Oct 1, 1994 Bank One, West Virginia, Charles Town WV Bank One, West Virginia, National Association
Oct 1, 1994 The Moniteau National Bank of California MO Commerce Bank, National Association
Oct 1, 1994 HTH Federal Credit Union HI Prince Kuhio Federal Credit Union
Oct 1, 1994 First Federal Savings Bank of Kentucky KY Citizens Bank of Kentucky
Oct 1, 1994 Bank One, West Virginia, St. Albans, National Association WV Bank One, West Virginia, National Association
Sep 30, 1994 First Alex Bancshares, Inc. OK First Independent Bancorp, Inc.
Sep 30, 1994 O.C.B. Bancorp IN Old National Bancorp
Sep 30, 1994 Fishkill National Corporation NY Premier National Bancorp, Inc.
Sep 30, 1994 Inter-City Products Employees Credit Union TN Heritage South Community Credit Union
Sep 30, 1994 Osceola National Bank FL Colonial Bank
Sep 30, 1994 Saint James Ame Cleveland Federal Credit Union OH Cory Methodist Church Credit Union, Inc.
Sep 30, 1994 The First National Bank of Rhinebeck NY Premier National Bank
Sep 30, 1994 Midwest Bank of Oquawka IL Midwest Bank
Sep 30, 1994 Cohasset Savings Bank MA Fleet National Bank of Massachusetts
Sep 30, 1994 Big Three/Bowen Credit Union TX Safeamerica Credit Union

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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