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 | Assets |
|---|---|---|
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Mar 19, 2004 | Reliance Bank | $28.6M |
| Mar 12, 2004 | Guaranty National Bank | $71.3M |
| Feb 14, 2004 | Dollar Savings Bank | $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 | Acquirer |
|---|---|---|
| Nov 20, 2004 | CNA Trust Corporation | Nevada Security Bank |
| Nov 20, 2004 | Citizens Bank | First Citizens Bank and Trust Company, Inc. |
| Nov 17, 2004 | Orange Savings Bank of Texas, SSB | Orange Savings Bank, SSB |
| Nov 15, 2004 | Beth El Federal Credit Union | Morton Lane Federal Credit Union |
| Nov 15, 2004 | Chattahoochee National Bank | First Capital Bank |
| Nov 15, 2004 | Shenandoah County Credit Union | Dupont Community Credit Union |
| Nov 13, 2004 | Bank One, National Association | JPMorgan Chase Bank, N.A. |
| Nov 13, 2004 | First Carnegie Deposit | Northwest Bank |
| Nov 13, 2004 | Summit Community Bank | Summit Community Bank, Inc |
| Nov 13, 2004 | Bank One, National Association | JPMorgan Chase Bank, N.A. |
| Nov 12, 2004 | EverTrust Bank | KeyBank N.A. |
| Nov 11, 2004 | The First National Bank of Decatur | Main Street Bank & Trust |
| Nov 8, 2004 | Eastman Acquisition Holding Company | Eastman National Bancshares, Inc. |
| Nov 8, 2004 | Aflex Federal Credit Union | Southern Chautauqua Federal Credit Union |
| Nov 6, 2004 | Oakland State Bank | Great Western Bank |
| Nov 6, 2004 | Oak Bancorporation | Great Western Bancorporation, Inc. |
| Nov 6, 2004 | Security Bancorp | Great Western Bancorporation, Inc. |
| Nov 6, 2004 | Badin Employees Federal Credit Union | Premier Federal Credit Union |
| Nov 6, 2004 | Security State Bank | Great Western Bank |
| Nov 6, 2004 | First National Bank | Austin Bank, Texas N.A. |
| Nov 3, 2004 | Snake River Bancorp, Inc. | Intermountain Community Bancorp |
| Nov 3, 2004 | Magic Valley Bank | Panhandle State Bank |
| Nov 1, 2004 | BNY Trust Company of Missouri | The Bank of New York Mellon Trust Company, N.A. |
| Nov 1, 2004 | Doctors' Bancorp | The Private Bank of California |
| Nov 1, 2004 | Eagle National Bank | United Community Bank |
| Nov 1, 2004 | MidCountry Bank | Midcountry Bank |
| Nov 1, 2004 | Union Planters Holding Corporation | Regions Financial Corporation |
| Nov 1, 2004 | Evertrust Financial Group, Inc. | KeyCorp |
| Nov 1, 2004 | Bank of Texas Trust Company, N.A. | Bank of Texas. National Association |
| Nov 1, 2004 | Dillard National Bank | (unnamed) |
| Nov 1, 2004 | Community First Technologies, Inc. | Community First Bankshares, Inc. |
| Nov 1, 2004 | Southtrust Corporation | Wachovia Corporation |
| Nov 1, 2004 | First Security Investment Services | Ibid, Inc. |
| Nov 1, 2004 | Chesterfield Federal Savings and Loan Association of Chicago | Midamerica Bank, FSB |
| Nov 1, 2004 | Number 1 Federal Credit Union | Center Parc Credit Union |
| Nov 1, 2004 | Rural American Bank-Montgomery/Lonsdale | Frandsen Bank & Trust |
| Nov 1, 2004 | Fox Point Credit Union | Pioneer Credit Union |
| Nov 1, 2004 | Century Diversified Federal Credit Union | Hbi Employees Credit Union |
| Nov 1, 2004 | The Bank of New York Trust Company, N.A. | The Bank of New York Mellon Trust Company, N.A. |
| Nov 1, 2004 | Protective Industrial Federal Credit Union | Mutual Savings Credit Union |
| Nov 1, 2004 | The Springfield Credit Union | Ih Credit Union, Inc |
| Nov 1, 2004 | Texas State Florists' Association Credit Union | The Florist Federal Credit Union |
| Nov 1, 2004 | Progress Credit Union | Alero Financial Credit Union |
| Nov 1, 2004 | Stephenville Bank and Trust Co. | First Financial Bank, National Association |
| Nov 1, 2004 | Montana Citizens Community Federal Credit Union | Rocky Mountain Credit Union |
| Nov 1, 2004 | New Boston Federal Credit Union | Tremont Credit Union |
| Nov 1, 2004 | Coeur D'Alene Teachers Credit Union | Numerica Credit Union |
| Nov 1, 2004 | Morton Employees Credit Union | Access Credit Union |
| Nov 1, 2004 | Chessie-Seaboard Employees Credit Union | Fairmont Village Credit Union |
| Nov 1, 2004 | Texas Crossroads Federal Credit Union | Texas Dow Employees Credit Union |
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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