FDIC failed bank list
Bank failures in 1994
15 insured banks failed in 1994, with combined assets of $1.6B and an estimated cost to the deposit insurance fund of $190.5M. California had the most (10).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Cornerstone Bank FSB | Mission Viejo, CA | Dec 16, 1994 | $44.3M | California Fb, a FSB | $4.0M |
| Ludlow Savings Bank | Ludlow, MA | Oct 21, 1994 | $222.7M | Albany Savings Bank FSB | $2.9M |
| Capital Bank | Downey, CA | Aug 26, 1994 | $76.9M | Landmark Bank | $17.8M |
| Bank of Newport | Newport Beach, CA | Aug 12, 1994 | $167.8M | Union Bank | $28.7M |
| Commerce Bank | Newport Beach, CA | Jul 29, 1994 | $142.3M | California State Bank | $14.1M |
| Western Community Bank | Corona, CA | Jul 29, 1994 | $54.0M | Bank of San Bernardino | $2.6M |
| Bank of San Pedro | Los Angeles, CA | Jul 15, 1994 | $132.6M | Home Bank | $28.8M |
| Pioneer Bank | Fullerton, CA | Jul 8, 1994 | $133.3M | Chino Valley Bank | $14.5M |
| The Meriden Trust and Safe Deposit | Meriden, CT | Jul 7, 1994 | $3.2M | People'S Savings Bank & Tru | $0 |
| The Bank of Hartford | Hartford, CT | Jun 10, 1994 | $321.5M | Eagle Federal Savings Ba | $13.8M |
| Encino Savings Bank, FSB | Encino, CA | Jun 3, 1994 | $92.5M | American Sb, Fa | $7.4M |
| Barbary Coast National Bank | San Francisco, CA | May 19, 1994 | $10.7M | Metropolitan Bank | $684K |
| Commercial Bank and Trust Company | Lowell, MA | May 6, 1994 | $30.3M | Medford Savings Bank | $3.7M |
| Superior National Bank | Kansas City, MO | Apr 14, 1994 | $20.0M | Citizens-Jackson County Ban | $3.7M |
| Mechanics National Bank | Paramount, CA | Apr 1, 1994 | $148.7M | Home Bank | $47.7M |