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
Nov 4, 2004 OCC Bank of America, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Crews, Joseph
Nov 4, 2004 OCC The Upstate National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank
Nov 4, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Crews, Joseph
Oct 29, 2004 OCC Union Bank of California Foundation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline
Oct 29, 2004 OCC City National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline
Oct 28, 2004 OCC_OTS United Fidelity Bank, FSB Termination of Supervisory Agreement: United Fidelity Bank, fsb
Oct 26, 2004 FRB (individual) Written Agreement: County Bank, Merced, CA
Oct 25, 2004 OCC Herring National Company Formal Agreement: The Herring National Bank
Oct 22, 2004 OCC New York National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New York National Bank
Oct 21, 2004 OCC First National Bank of Sumner The-Retained Charter Prohibition/Removal Orders: Johnson, Joseph E.
Oct 21, 2004 OCC First National Bank of Sumner The-Retained Charter Civil Money Penalty (CMP): Johnson, Joseph E.
Oct 21, 2004 OCC_OTS Ponce De Leon Mortgage Corporation Supervisory Agreement: Ponce de Leon Federal Bank
Oct 20, 2004 OCC_OTS Lyons Federal Savings Association Civil Money Penalty: Kevin L. McClure
Oct 20, 2004 FRB Kenco Bancshares, Inc. Written Agreement: William J. Collier
Oct 19, 2004 OCC The National State Bank of Metropolis Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Healey, Gregory P.
Oct 19, 2004 OCC The National State Bank of Metropolis Civil Money Penalty (CMP): Healey, Gregory P.
Oct 18, 2004 OCC The Bank of Miami, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): International Bank of Miami, National Association
Oct 18, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Poghosyan, Aznaour
Oct 18, 2004 OCC Peoples National Bank of Kewanee Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank of Kewanee
Oct 18, 2004 FRB Union Bank of California International Written Agreement: Union Bank of California International, New York, NY
Oct 18, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Poghosyan, Aznaour
Oct 15, 2004 OCC_OTS Citizens Building and Loan MHC Supervisory Agreement: Citizens Building and Loan Association
Oct 15, 2004 OCC_OTS Golden Prague Federal Savings and Loan Association Supervisory Agreement: Golden Prague Federal S&LA
Oct 14, 2004 FRB (individual) Written Agreement: The Community State Bank, Poteau, Oklahoma
Oct 13, 2004 OCC (individual) Civil Money Penalty (CMP): Burns, Brian
Oct 13, 2004 FRB Kenco Bancshares, Inc. Written Agreement: Jesse L. Reese
Oct 13, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Burns, Brian
Oct 13, 2004 OCC Pelican National Bank Prohibition/Removal Orders: Calton, Melissa I.
Oct 12, 2004 FRB Amsouth Bancorporation Cease and Desist Order: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL
Oct 12, 2004 FRB Amsouth Bancorporation Civil Money Penalty $10,000,000: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL
Oct 12, 2004 OCC_OTS Rayne Building & Loan Association Supervisory Agreement: Rayne Building and Loan Association
Oct 8, 2004 OCC First National Bank and Trust Civil Money Penalty (CMP): Culbertson, Lloyd K.
Oct 7, 2004 FRB (individual) Written Agreement: Standard Chartered plc, London, United Kingdom, Standard Chartered Bank, London, United Kingdom, …
Oct 4, 2004 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Ginger D. Millbern
Oct 1, 2004 OCC Titan Bank, N.A. Formal Agreement: First National Bank, Graford
Oct 1, 2004 OCC_OTS Horizon Bank Civil Money Penalty: Horizon Bank, FSB
Oct 1, 2004 OCC_OTS Horizon Bank Supervisory Agreement: Horizon Bank, FSB
Sep 30, 2004 OCC_OTS Community Development Insurance Services, LLC Supervisory Agreement: Community Development Bank
Sep 30, 2004 OCC_OTS Federal Medical Bank, FSB Supervisory Agreement: Federal Medical Bank, FSB
Sep 29, 2004 OCC The Huntington National Bank Prohibition/Removal Orders: Thomas-Nicholson, Dyann R.
Sep 29, 2004 OCC The Huntington National Bank C&D or PC&D Requiring Restitution: Thomas-Nicholson, Dyann R.
Sep 28, 2004 OCC Union Bank of California Foundation Prohibition/Removal Orders: Hill, Charles Y.
Sep 28, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hobgood, Darrell
Sep 28, 2004 OCC Union Bank of California Foundation C&D or PC&D Requiring Restitution: Hill, Charles Y.
Sep 28, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Robert DeMane
Sep 28, 2004 OCC_OTS Dollar Savings Bank Orders of Removal/Prohibition: Larry Marro
Sep 28, 2004 OCC_OTS Dollar Savings Bank Orders of Removal/Prohibition: Robert DeMane
Sep 28, 2004 OCC (individual) Civil Money Penalty (CMP): Hobgood, Darrell
Sep 27, 2004 OCC_OTS River Valley Bancorp Civil Money Penalty: River Valley Fianncial Bank
Sep 27, 2004 OCC_OTS River Valley Bancorp Cease and Desist: River Valley Financial Bank

Browse adjacent years: 2003 · 2005

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