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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
Jul 31, 2004 St. Joseph of Kirkwood Employees Credit Union MO Health Care Family Credit Union
Jul 31, 2004 The Bank MO The Signature Bank
Jul 31, 2004 Brookwood Cattle Company MO Landrum Company
Jul 31, 2004 Continental Mortgage Corporation IL The San Francisco Company
Jul 31, 2004 Continental Community Bank and Trust Company IL First Bank
Jul 28, 2004 Hewitt Employees Credit Union, Inc. OH Day Air Credit Union, Inc.
Jul 28, 2004 The First National Bank of St. Mary's at Leonardtown MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Forest Hill State Bank MD Mercantile County Bank
Jul 28, 2004 St. Michaels Bank MD Mercantile Eastern Shore Bank
Jul 28, 2004 Van Deusen Bancorp, Inc. MN Van Deusen Bancorp, Inc.
Jul 28, 2004 Bank of Southern Maryland MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Peoples Bank of Maryland MD Mercantile Eastern Shore Bank
Jul 27, 2004 Eagle Point Federal Credit Union NJ Sun Federal Credit Union
Jul 25, 2004 First State Bank IN First Financial Bank, N.A.
Jul 24, 2004 First National Bank of Hinckley MN First National Bank of the North
Jul 24, 2004 Seacoast Financial Services Corporation MA Sovereign Bancorp, Inc.
Jul 24, 2004 Bank of Orange County CA Placer Sierra Bank
Jul 24, 2004 Compass Bank for Savings MA Santander Bank, N.A.
Jul 24, 2004 The Bank of Commerce KS The State Bank
Jul 23, 2004 Franklin National Bankshares, Inc. TX Triumph Financial, Inc.
Jul 23, 2004 Nantucket Bank MA Santander Bank, N.A.
Jul 22, 2004 FSFSB, National Association IL MB Financial Bank, National Association
Jul 19, 2004 Charter Bank and Trust Co. GA Bank of North Georgia
Jul 19, 2004 Mountain National Bank GA Bank of North Georgia
Jul 17, 2004 The First National Bank and Trust KS American State Bank & Trust Company
Jul 17, 2004 The Clyde Savings Bank Company OH Community First Bank & Trust
Jul 17, 2004 Bank of Jacomo MO Central Bank of the Midwest
Jul 17, 2004 Falmouth Co-operative Bank MA Rockland Trust Company
Jul 17, 2004 Mid-Continent Bancshares, Inc. MO First National Bancor, Inc.
Jul 17, 2004 American State Bancshares, Inc. KS American State Bancshares, Inc.
Jul 17, 2004 Indiana Lawrence Bank IN Community First Bank & Trust
Jul 16, 2004 CNB Florida Bancshares, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 CNB National Bank FL Mercantile Bank
Jul 16, 2004 Florida Banks, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 Centennial Bank Holdings, Inc. CO Guaranty Bancorp
Jul 16, 2004 Florida Bank, National Association FL Mercantile Bank
Jul 16, 2004 Bank of Kimberling City MO Metropolitan National Bank
Jul 15, 2004 Traylor Employees Federal Credit Union PA People First Federal Credit Union
Jul 15, 2004 BSB Bank & Trust Company NY Partners Trust Bank
Jul 15, 2004 First Sentinel Bancorp, Inc. NJ Provident Financial Services, Inc.
Jul 15, 2004 First Savings Bank NJ Provident Bank
Jul 12, 2004 Unite NY Unite Here
Jul 10, 2004 First State Bank WI Waumandee State Bank
Jul 10, 2004 Humboldt Bank CA Columbia Bank
Jul 10, 2004 First Financial Bank KY 1st Independence Bank
Jul 10, 2004 Independence Bancorp IN 1st Independence Financial Group, Inc.
Jul 10, 2004 Humboldt Bancorp CA Umpqua Holdings Corporation
Jul 10, 2004 Fgi Frankfurter Gesellschaft Fur Industriewerte MBH — Dresdner Bank Aktiengesellschaft
Jul 9, 2004 The Community Bank of New Jersey NJ Sun National Bank
Jul 9, 2004 Community Bancorp of New Jersey NJ Sun Bancorp, Inc

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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