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 |
|---|---|---|
| Sep 16, 2004 | Beekmantown Central School Federal Credit Union | Dannemora Federal Credit Union |
| Sep 16, 2004 | CB Bancshares, Inc. | Central Pacific Financial Corp. |
| Sep 15, 2004 | Engelhard Employees Credit Union | Georgia Guard Credit Union |
| Sep 11, 2004 | The Whaples and Farmers State Bank | Community State Bank |
| Sep 11, 2004 | The Canaan National Bank | Salisbury Bank and Trust Company |
| Sep 11, 2004 | Leeds Federal Savings Bank | Northwest Bank |
| Sep 11, 2004 | Guaranty Bank | Atlantic Union Bank |
| Sep 9, 2004 | Lynchburg Appalachian Employees Credit Union | Beacon Credit Union Incorporated |
| Sep 4, 2004 | Southern Community Bank of Central Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bank of South Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bank of Southwest Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bancorp | First National Bankshares of Florida, Inc. |
| Sep 3, 2004 | State Bank of Loretto | 21st Century Bank |
| Sep 2, 2004 | Sweca Federal Credit Union | Barksdale Federal Credit Union |
| Sep 2, 2004 | Ocjcc Federal Credit Union | Northwood Federal Credit Union |
| Sep 1, 2004 | Rocky Mount Postal Credit Union | First Carolina People's Credit Union |
| Sep 1, 2004 | GBC Florida, Inc. | GBC Kansas, Inc. |
| Sep 1, 2004 | VFW Credit Union | Pentagon Federal Credit Union |
| Sep 1, 2004 | Quaker City Bancorp, Inc. | Popular North America, Inc. |
| Sep 1, 2004 | Western Ohio Financial Corporation | WesBanco, Inc. |
| Sep 1, 2004 | Colonial Trust Company | Arizona Bank & Trust |
| Sep 1, 2004 | Colonial Trust Company | Happy State Bank |
| Sep 1, 2004 | Charter One Financial, Inc. | Citizens Financial Group, Inc. |
| Sep 1, 2004 | Delaware Trust Capital Management, Inc. | Wells Fargo Delaware Trust Company, N.A. |
| Sep 1, 2004 | Gold Bank | Gold Bank |
| Sep 1, 2004 | Somerset Bancshares Corporation, Inc. | Vision Bancshares, Inc. |
| Sep 1, 2004 | Banco Atlantico, S.A. | Banco de Sabadell, S.A. |
| Sep 1, 2004 | Huntington Va Federal Credit Union | Star USA Federal Credit Union |
| Sep 1, 2004 | Wyoming's First Federal Credit Union | Reliant Federal Credit Union |
| Sep 1, 2004 | Quaker City Bank | Popular Bank |
| Sep 1, 2004 | Cornerstone Bank | WesBanco Bank, Inc. |
| Sep 1, 2004 | Local 72 Electricians Federal Credit Union | Members Choice of Central Texas Federal Credit Union |
| Sep 1, 2004 | Community National Bank | MidCountry Bank |
| Sep 1, 2004 | Oaktree Federal Credit Union | Houston Federal Credit Union |
| Sep 1, 2004 | Northern Virginia Postal Employees Federal Credit Union | U S Postal Service Federal Credit Union |
| Sep 1, 2004 | Wheat Street Church Federal Credit Union | Credit Union of Atlanta |
| Sep 1, 2004 | Cumberland Bank | Cumberland Bank |
| Sep 1, 2004 | Hospitality USA Credit Union | Alero Financial Credit Union |
| Sep 1, 2004 | Nome Federal Credit Union | Gte Federal Credit Union dba Gte Financial |
| Sep 1, 2004 | N&W Madison Federal Credit Union | Revity Credit Union |
| Aug 31, 2004 | Huntley Community Credit Union | McHenry County Federal Credit Union |
| Aug 31, 2004 | Vandalia Correctional Center Credit Union | Land of Lincoln Credit Union |
| Aug 31, 2004 | Buena Park City Employees Federal Credit Union | Orange County's Federal Credit Union |
| Aug 31, 2004 | Educators Credit Union | Georgia United Credit Union |
| Aug 31, 2004 | Richmond Standard Employees Credit Union | Chevron Federal Credit Union |
| Aug 30, 2004 | St. Anne Mercy Federal Credit Union | Sun Federal Credit Union |
| Aug 28, 2004 | United Nebraska Bank | Tierone Bank |
| Aug 28, 2004 | Landmark Bank, National Association | Landmark Bank, National Association |
| Aug 27, 2004 | U.S. Baird Employees Credit Union | McKesson Federal Credit Union |
| Aug 26, 2004 | Citizens Bank | Citizens 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 |
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