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 |
|---|---|---|
| Oct 1, 2004 | Greenpoint Financial Corp. | North Fork Bancorporation, Inc. |
| Oct 1, 2004 | Guaranty National Bancshares, Inc. | Texas United Nevada, LLC |
| Oct 1, 2004 | GNB Bancshares, Inc. | Texas United Bancshares, Inc. |
| Oct 1, 2004 | Madison Bancshares Group, Ltd. | Vist Financial Corp. |
| Oct 1, 2004 | Kewaunee County Banc-Shares, Inc. | Baylake Corp. |
| Oct 1, 2004 | First Polk Bankshares, Inc. | Southcrest Financial Group, Inc. |
| Oct 1, 2004 | Sun Bancorp, Inc. | Omega Financial Corporation |
| Oct 1, 2004 | Klein Bancshares, Inc. | Amegy Holding Delaware, Inc. |
| Oct 1, 2004 | National Commerce Financial Corporation | Suntrust Banks, Inc. |
| Oct 1, 2004 | Oak Forest Credit Union | South Division Credit Union |
| Oct 1, 2004 | Howard Savings Bank | Edens Bank |
| Oct 1, 2004 | Tarrant Affliliated Contractors Credit Union | Family 1st of Texas Federal Credit Union |
| Oct 1, 2004 | Dot District 2 Credit Union | Florida Department of Transportation Credit Union |
| Oct 1, 2004 | Frankfort Federal Employees Federal Credit Union | Expree Credit Union |
| Oct 1, 2004 | Corsicana Municipal Employees Credit Union | Navarro Credit Union |
| Oct 1, 2004 | Diakonia Credit Union | Security Service Federal Credit Union |
| Oct 1, 2004 | Unite Western States Regional Federal Credit Union | Paradise Valley Federal Credit Union |
| Oct 1, 2004 | Klein Bank | Amegy Bank National Association |
| Oct 1, 2004 | Westview Savings Bank | Suburban Federal Savings Bank |
| Oct 1, 2004 | Twin Cities Federal Credit Union | Honor Credit Union dba Honor Investment Services |
| Oct 1, 2004 | Tex-US Credit Union | Rave Financial Credit Union |
| Oct 1, 2004 | Community Banks of the Rockies | Community Banks of Colorado |
| Oct 1, 2004 | Harborview Credit Union | Dutch Point Credit Union |
| Oct 1, 2004 | State Bank of Hudson | Premier Bank |
| Oct 1, 2004 | Bank One, Delaware, National Association | Chase Bank USA, N.A. |
| Oct 1, 2004 | Emmanuel Federal Credit Union | Viriva Community Credit Union |
| Oct 1, 2004 | Saint Linus Credit Union | Polish-American Federal Credit Union |
| Oct 1, 2004 | Sun Bank | Omega Bank |
| Oct 1, 2004 | Darco Employees Credit Union | East Texas Professional Credit Union |
| Oct 1, 2004 | Saint Peters Parish Credit Union | T L C Community Credit Union |
| Oct 1, 2004 | Community Banks of Southern Colorado | Community Banks of Colorado |
| Oct 1, 2004 | C S M Federal Credit Union | Credit Union of Colorado, a Federal Credit Union |
| Oct 1, 2004 | Tribview Federal Credit Union | Elliott Community Federal Credit Union |
| Oct 1, 2004 | Wilmington Newspaper Federal Credit Union | Community Powered Federal Credit Union |
| Sep 30, 2004 | Apco Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 30, 2004 | Northview Financial Corporation | Wintrust Financial Corporation |
| Sep 30, 2004 | Rogers Brothers Federal Credit Union | Erie Times Employees Federal Credit Union |
| Sep 30, 2004 | Cordan Federal Credit Union | Piedmont Credit Union |
| Sep 30, 2004 | Fellowship Church Credit Union, Inc. | Antioch Baptist Church Credit Union, Inc. |
| Sep 30, 2004 | GF Telco Federal Credit Union | Northern Valley Federal Credit Union |
| Sep 28, 2004 | The First National Bank of Unadilla | Countryside Bank |
| Sep 22, 2004 | Infitech, Inc. | First National Bank of Pennsylvania |
| Sep 21, 2004 | Bank of Sturgeon Bay Building Corp. | Baylake Bank |
| Sep 21, 2004 | Cornerstone Financial, Inc. | Baylake Bank |
| Sep 19, 2004 | First Farmers State Bank | First Financial Bank, N.A. |
| Sep 18, 2004 | Twin Lakes National Bank | Southwest National Bank |
| Sep 18, 2004 | Emprise Bank National Association | Emprise Bank |
| Sep 18, 2004 | Montana Armed Forces Credit Union | Intrepid Credit Union |
| Sep 17, 2004 | United Family Credit Union | Unity Credit Union |
| Sep 17, 2004 | Bartonville Bank | Better Banks |
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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