Data / Bank failures / 1994
US bank failures in 1994: 15 banks closed
15 banks failed in 1994, holding $1.60 billion in assets and $1.52 billion in deposits. The FDIC estimates the cost to its insurance fund at $190.5 million. The largest: The Bank of Hartford ($321.5 million), Ludlow Savings Bank ($222.7 million), Bank of Newport ($167.8 million). Most by state: CA 10, MA 2, CT 2, MO 1.
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| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Cornerstone Bank FSB | Mission Viejo | CA | December 16, 1994 | $44.3 million | $38.4 million | $4 million | California FB, A FSB |
| Ludlow Savings Bank | Ludlow | MA | October 21, 1994 | $222.7 million | $229.1 million | $2.9 million | Albany Savings Bank FSB |
| Capital Bank | Downey | CA | August 26, 1994 | $76.9 million | $74.4 million | $17.8 million | Landmark Bank |
| Bank of Newport | Newport Beach | CA | August 12, 1994 | $167.8 million | $161.8 million | $28.7 million | Union Bank |
| Western Community Bank | Corona | CA | July 29, 1994 | $54 million | $53.1 million | $2.6 million | Bank of San Bernardino |
| Commerce Bank | Newport Beach | CA | July 29, 1994 | $142.3 million | $138.3 million | $14.1 million | California State Bank |
| Bank of San Pedro | Los Angeles | CA | July 15, 1994 | $132.6 million | $128.3 million | $28.8 million | Home Bank |
| Pioneer Bank | Fullerton | CA | July 8, 1994 | $133.3 million | $128.4 million | $14.5 million | Chino Valley Bank |
| The Meriden Trust and Safe Deposit | Meriden | CT | July 7, 1994 | $3.2 million | People's Savings Bank & Tru | ||
| The Bank of Hartford | Hartford | CT | June 10, 1994 | $321.5 million | $276 million | $13.8 million | Eagle Federal Savings Ba |
| Encino Savings Bank, FSB | Encino | CA | June 3, 1994 | $92.5 million | $89.1 million | $7.4 million | American SB, FA |
| Barbary Coast National Bank | San Francisco | CA | May 19, 1994 | $10.7 million | $9.3 million | $684,100 | Metropolitan Bank |
| Commercial Bank and Trust Company | Lowell | MA | May 6, 1994 | $30.3 million | $29.8 million | $3.7 million | Medford Savings Bank |
| Superior National Bank | Kansas City | MO | April 14, 1994 | $20 million | $19.6 million | $3.7 million | Citizens-Jackson County Ban |
| Mechanics National Bank | Paramount | CA | April 1, 1994 | $148.7 million | $148.9 million | $47.7 million | Home Bank |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.