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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
Jun 30, 2004 Osceola Community Credit Union MI Wmcu
Jun 30, 2004 Supervalu Midwest Federal Credit Union IL Central Illinois Credit Union
Jun 30, 2004 West Suburban Columbus Credit Union MN Peoples Community Credit Union
Jun 30, 2004 Fresco Federal Credit Union OH Fremont Federal Credit Union
Jun 29, 2004 Leland National Bancorp, Inc. IL Ni Bancshares Corporation
Jun 29, 2004 Hacienda Bank CA Heritage Oaks Bank
Jun 29, 2004 LNB National Bank IL The National Bank & Trust Company of Sycamore
Jun 28, 2004 State Bank of Caledonia MI Chemical Bank West
Jun 28, 2004 Union National Bank IA FNB Bank
Jun 28, 2004 Oil Creek Federal Credit Union PA Galaxy Federal Credit Union
Jun 26, 2004 Denver Community Development Credit Union CO Denver Community Credit Union dba Zing Credit Union
Jun 26, 2004 Community National Bank VA The National Bank of Blacksburg
Jun 26, 2004 Hca Georgia Federal Credit Union GA On the Grid Financial Federal Credit Union
Jun 25, 2004 North Park Bancshares, Inc. CO Platte Valley Financial Service Companies, Inc.
Jun 25, 2004 Midwest Guaranty Mortgage Company MI Independent Bank East Michigan
Jun 25, 2004 Midwest Bancshares Leasing, Inc. MI Independent Bank Corporation
Jun 25, 2004 Premier Community Bank FL Colonial Bank
Jun 25, 2004 Premier Community Bank of Florida FL Colonial Bank
Jun 21, 2004 Erie County Federal Credit Union PA Widget Federal Credit Union
Jun 21, 2004 Bank of Westport CT Fairfield County Bank
Jun 21, 2004 S E Erie Industrial Federal Credit Union PA Widget Federal Credit Union
Jun 19, 2004 Local Financial Corporation OK International Bancshares Corporation
Jun 19, 2004 Local Oklahoma Bank OK International Bank of Commerce
Jun 16, 2004 Red Star Employees Federal Credit Union NY Auburn Community Federal Credit Union
Jun 12, 2004 Republic Bank FL Truist Bank
Jun 11, 2004 Franklin Financial Corporation TN Fifth Third Financial Corporation
Jun 11, 2004 Peoples First, Inc. PA National Penn Bancshares, Inc.
Jun 11, 2004 The People's Bank of Oxford PA National Penn Bank
Jun 10, 2004 Patriot Bank PA Susquehanna Bank DV
Jun 10, 2004 Patriot Bank Corp. PA Susquehanna Bancshares, Inc.
Jun 9, 2004 Peoples Financial Corporation IN Peoples Trust Company
Jun 7, 2004 Harris Bank Round Lake IL BMO Bank N.A.
Jun 7, 2004 Marshall Savings Bank, F.S.B. MI Monarch Community Bank
Jun 5, 2004 Hawthorne Savings, F.S.B. CA Commercial Capital Bank, FSB
Jun 5, 2004 Peoples State Bank of Groveland FL Public Bank
Jun 4, 2004 Buffalo China Federal Credit Union NY South Towns Community Federal Credit Union
Jun 4, 2004 Issaquah Bancshares, Inc. WA Cascade Financial Corporation
Jun 4, 2004 Issaquah Bank WA Cascade Bank
Jun 1, 2004 1st Community Bank GA United Community Bank
Jun 1, 2004 Gethsemane Baptist Church Credit Union OH Faith Community United Credit Union Inc.
Jun 1, 2004 The Leader Mortgage Company, LLC OH U.S. Bank N.A.
Jun 1, 2004 Midwest Guaranty Bancorp, Inc. MI Independent Bank Corporation
Jun 1, 2004 Midwest Guaranty Bank MI Independent Bank East Michigan
Jun 1, 2004 New Lenox Holding Company IL BMO Bankcorp, Inc.
Jun 1, 2004 Stebbins Bancshares, Inc. OH Wayne Savings Bancshares, Inc.
Jun 1, 2004 American Banking Corporation FL Citizens Banking Corporation
Jun 1, 2004 First National Cincinnati Corporation OH U.S. Bank N.A.
Jun 1, 2004 Stebbins National Bank OH Main Street Bank Corp.
Jun 1, 2004 Colbert-Browns Ferry Federal Credit Union AL TVA Community Credit Union
Jun 1, 2004 American Bank and Trust FL Citizens Bank and Trust

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

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