Skip to main content

Calendar Year

2004 in US Banking

1,169 bank events are on record for 2004: 4 failures, 853 mergers or acquisitions involving a bank, credit union or bank holding company, and 312 enforcement actions.

4
Failures
$170.1M in failed assets
853
Mergers
Federal Reserve NIC, banking organizations
312
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2004 · Bank mergers 2004

How many banks failed in 2004?

4 banks failed in 2004, with $170.1M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jun 25, 2004 Bank of Ephraim Ephraim, UT $56.8M Far West Bank
Mar 19, 2004 Reliance Bank White Plains, NY $28.6M Union State Bank
Mar 12, 2004 Guaranty National Bank Tallahassee, FL $71.3M Hancock Bank
Feb 14, 2004 Dollar Savings Bank Newark, NJ $13.4M —

Which banks merged in 2004?

853 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2004.

See the fuller list: Bank mergers 2004 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 2004 The Business Bank LA Cadence Bank
Dec 31, 2004 Business Holding Corporation LA Bancorpsouth, Inc.
Dec 31, 2004 Financial National Electronic Transfer, Inc. KY First Citizens Bank
Dec 31, 2004 Highview Trust Company PA Commercial Bank & Trust of PA
Dec 31, 2004 Ameriserv Financial Services Corporation PA Ameriserv Financial Bank
Dec 31, 2004 Premier Bancorp, Inc. TN Bancorpsouth, Inc.
Dec 31, 2004 Premier Bank of Brentwood TN Cadence Bank
Dec 31, 2004 Whitewater Investment, Inc. WI First Citizens State Bank
Dec 31, 2004 Palmyra Investments, Inc. WI Palmyra State Bank
Dec 31, 2004 Cashton Bancshares, Inc. WI Eagle Bancshares, Inc.
Dec 31, 2004 Congress Financial Corporation (Southwest) TX Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Southern) GA Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation NY Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Florida) FL Wachovia Bank, N.A.
Dec 31, 2004 CSB Bancorp., Inc. KS Community State Bank
Dec 31, 2004 Galesburg Postal Credit Union IL Gale Credit Union
Dec 31, 2004 Advance Financial Savings Bank, FSB WV Parkvale Savings Bank
Dec 31, 2004 Manufacturer's Association Employer/Employee Federal Credit Union PA Widget Federal Credit Union
Dec 31, 2004 Headco Industries Federal Credit Union IL Access Credit Union
Dec 31, 2004 First Federal Savings Bank of Eastern Ohio OH Century National Bank
Dec 31, 2004 Red Cedar Bank National Association WI Peoples State Bank of Plainview
Dec 31, 2004 Duluth News Tribune Employees Credit Union MN Minnesota Power Employees Credit Union
Dec 31, 2004 Electra Motors Employees Federal Credit Union CA Interstate Federal Credit Union
Dec 31, 2004 Pisgah, Inc. SC First-Citizens Bank & Trust Company
Dec 31, 2004 Nantahala, Inc. SC First-Citizens Bank & Trust Company
Dec 30, 2004 Main Street Financial Services Corp. WI American Bank
Dec 30, 2004 Pine State Bancshares, Inc. AR Centennial Bancshares, Inc
Dec 30, 2004 North Linn Corporation IA Linn County State Bank
Dec 30, 2004 The First National Bank of Clifton IL The First Trust and Savings Bank of Watseka
Dec 29, 2004 F.N.B. Building Corporation PA F.N.B. Corporation
Dec 28, 2004 Central of Georgia Federal Credit Union GA Regional Members Federal Credit Union
Dec 28, 2004 Central Bank Fulton IL Central Bank Illinois
Dec 23, 2004 Yankee Doodle Federal Credit Union NY Capital Communications Federal Credit Union
Dec 22, 2004 Stockton Employees Credit Union IL Dupaco Community Credit Union
Dec 20, 2004 Oil Region Federal Credit Union PA New Directions Community Credit Union
Dec 18, 2004 P C D Bell Federal Credit Union OK Cherokee Strip Credit Union
Dec 17, 2004 Henry Street Settlement Federal Credit Union NY Lower East Side People's Federal Credit Union
Dec 16, 2004 West Liberty Holding Company IA Cornerstone Financial Services Group, Inc.
Dec 16, 2004 Walker Parkersburg Employees Federal Credit Union WV One Community Federal Credit Union
Dec 16, 2004 Chautauqua Employees Associations Federal Credit Union NY Greater Chautauqua Federal Credit Union
Dec 12, 2004 The State Bank of Allerton IL Philo Exchange Bank
Dec 11, 2004 Franklin Financial Group Incorporated TN Regions Financial Corporation
Dec 11, 2004 Union Planters Bank of the Lakeway Area TN Union Planters Bank, National Association
Dec 11, 2004 Bank of Lodi, N.A. CA Placer Sierra Bank
Dec 11, 2004 Savings Bank & Trust OH National City Bank
Dec 11, 2004 The Wayne County National Bank of Wooster OH National City Bank
Dec 11, 2004 First Financial Bancorp CA Placer Sierra Bancshares
Dec 10, 2004 Farmers Bank of Portageville MO First State Bank and Trust Company, Inc.
Dec 9, 2004 LSB Holding Company WI Rural Bancshares of Wisconsin, Inc.
Dec 9, 2004 The First National Bank MO Metropolitan National Bank

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
Dec 29, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Orders of Removal/Prohibition: William C. Mastre
Dec 29, 2004 OCC_OTS (individual) Civil Money Penalty: William C. Mastre
Dec 24, 2004 OCC_OTS Superior Bank, Federal Savings Bank Cease and Desist: Ernst & Young LLP
Dec 23, 2004 OCC Whitney National Bank Prohibition/Removal Orders: Ranostaj, David A.
Dec 23, 2004 OCC Whitney National Bank Civil Money Penalty (CMP): Ranostaj, David A.
Dec 22, 2004 OCC_OTS Guaranty Bank Cease and Desist: Guaranty Bank
Dec 21, 2004 OCC_OTS (individual) Civil Money Penalty: First Federal Bank, a FSB
Dec 21, 2004 OCC JGB Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank of Miami
Dec 20, 2004 FRB Prineville Bancorporation Written Agreement: Prineville Bancorporation, Prineville, OR and Community First Bank, Prineville, OR
Dec 20, 2004 OCC_OTS AnchorBank, FSB Civil Money Penalty: AnchorBank, fsb
Dec 20, 2004 OCC U.S. Bank National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eritsyan, Flora
Dec 17, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Asia Bank, N.A.
Dec 16, 2004 OCC The National Bank of North East Formal Agreement: The National Bank of North East
Dec 16, 2004 OCC Community First Bank, National Association Formal Agreement: Community First Bank, National Association
Dec 15, 2004 OCC_OTS First Federal Bank Cease and Desist: First Federal Bank
Dec 15, 2004 OCC Metropolitan Bank & Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metropolitan Bank and Trust Company
Dec 15, 2004 OCC Progressive Bank, N.A. Formal Agreement: Progressive Bank, National Association
Dec 14, 2004 OCC Bank of Indiana, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Dana
Dec 10, 2004 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Vorada Silivongxay
Dec 8, 2004 OCC_OTS Peru Federal Savings Bank Civil Money Penalty: Peru Federal Savings Bank
Dec 6, 2004 OCC_OTS (individual) Civil Money Penalty: First Federal SB of Eastern OH
Dec 2, 2004 OCC_OTS High Country Bank Supervisory Agreement: High Country Bank
Nov 30, 2004 OCC Sinclair National Bank C&D or PC&D Requiring Restitution: Sinclair National Bank
Nov 30, 2004 OCC Sinclair National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sinclair National Bank
Nov 18, 2004 FRB Ameribanc Holdings Cease and Desist Order: Ameribanc Holdings, Inc., Durango, CO and The Bank of Durango, …
Nov 18, 2004 OCC The First National Bank of Paonia Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Paonia
Nov 18, 2004 OCC The Stewardson National Bank Civil Money Penalty (CMP): Richards, John
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Celestino Diaz
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Ricardo A. Montero
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: David J. Osio
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: DataPro, Inc.
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Celestino Diaz
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: David J. Osio
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Ricardo A. Montero
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Vaduz Financial Group
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: DataPro, Inc.
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Vaduz Financial Group
Nov 15, 2004 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Poulsen, Dennis Shane
Nov 15, 2004 OCC_OTS First Federal of the South Civil Money Penalty: Donald C. Stroup
Nov 15, 2004 OCC_OTS First Federal of the South Cease and Desist: Donald C. Stroup
Nov 15, 2004 OCC_OTS Jarrettsville Federal Savings and Loan Association Cease and Desist: Jarrettsville Federal S&LA
Nov 15, 2004 FRB Kenco Bancshares, Inc. Cease and Desist Order: Thomas C. Darden
Nov 15, 2004 FRB Five Points Bank Civil Money Penalty $10,000: Five Points Bank, Grand Island, NE
Nov 15, 2004 FRB Cumberland Bank Civil Money Penalty $3,250: Cumberland Bank, Franklin, TN
Nov 10, 2004 OCC SoFi Bank, N.A. Formal Agreement: Gold Country Bank, National Association
Nov 9, 2004 OCC The First National Bank of Waverly Formal Agreement: The First National Bank of Waverly
Nov 5, 2004 OCC The First National Bank of St. Marys Civil Money Penalty (CMP): Turner, Rick D.
Nov 4, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Crews, Joseph
Nov 4, 2004 OCC Integra Bank N.A. C&D or PC&D Requiring Restitution: Stull, Brian
Nov 4, 2004 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Thorn, Albert

Browse adjacent years: 2003 · 2005

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