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 |
|---|---|---|
| Jul 8, 2004 | Postal Employees Credit Union | Sunmark Credit Union |
| Jul 8, 2004 | Advest Bank and Trust Company | Frontier Trust Company, FSB |
| Jul 8, 2004 | The Citizens State Bank, Liberal, Kansas | Sunflower Bank, N.A. |
| Jul 7, 2004 | Wabeno Bancorporation, Inc. | Tomah Bancshares, Inc. |
| Jul 3, 2004 | Franklin Bank, a Federal Savings Bank | First Place Bank |
| Jul 3, 2004 | First Federal Savings & Loan Association | Teche Federal Bank |
| Jul 3, 2004 | Premier Community Bank of Southwest Florida | Colonial Bank |
| Jul 2, 2004 | Burning Mountain Credit Union | Western Rockies Federal Credit Union |
| Jul 2, 2004 | The Second National Bank of Warren | SKY Bank |
| Jul 1, 2004 | St. Patricks Spangler Federal Credit Union | G.A.P. Federal Credit Union |
| Jul 1, 2004 | Pennsco Federal Credit Union | Apex Community Federal Credit Union |
| Jul 1, 2004 | Apple Valley Credit Union | Gesa Credit Union |
| Jul 1, 2004 | C I P S Employees Federal Credit Union | Midwest America Federal Credit Union |
| Jul 1, 2004 | Tri-Health Federal Credit Union | General Electric Credit Union |
| Jul 1, 2004 | City of Salem Employees Federal Credit Union | Freedom First Federal Credit Union |
| Jul 1, 2004 | Asbury Park Federal Credit Union | First Financial Federal Credit Union |
| Jul 1, 2004 | Dairypak Employees Federal Credit Union | MY Credit Union |
| Jul 1, 2004 | Verizon Employees Federal Credit Union | Orange County's Federal Credit Union |
| Jul 1, 2004 | McTea Federal Credit Union | Mea Federal Credit Union |
| Jul 1, 2004 | Saint Michael Independence Federal Credit Union | Oc Federal Credit Union |
| Jul 1, 2004 | Watertown Rubber Workers Federal Credit Union | Sioux Valley Cooperative Federal Credit Union |
| Jul 1, 2004 | San Angelo TWC Credit Union | Concho Valley Credit Union |
| Jul 1, 2004 | Gentel Federal Credit Union | Galaxy Federal Credit Union |
| Jul 1, 2004 | The Farmers National Bank of Winfield | Pilot Grove Savings Bank |
| Jul 1, 2004 | Upper Valley Federal Credit Union | Heartland Federal Credit Union |
| Jul 1, 2004 | First National Bank of Colorado Springs | Bank of Colorado |
| Jul 1, 2004 | Neville Chemcial Company Employees Federal Credit Union | Clearview Federal Credit Union |
| Jul 1, 2004 | Spartanburg Educators Federal Credit Union | Founders Federal Credit Union |
| Jul 1, 2004 | Galveston County Federal Credit Union | Openland Credit Union |
| Jul 1, 2004 | Fond Du Lac Telco Credit Union | Fond Du Lac Credit Union |
| Jul 1, 2004 | Merrow Machine Employee Federal Credit Union | Nutmeg State Financial Credit Union |
| Jul 1, 2004 | Mobile Coast Guard Federal Credit Union | All in Federal Credit Union |
| Jul 1, 2004 | Lakeland Community Credit Union | Iron County Community Credit Union |
| Jul 1, 2004 | Iberia Medical Center Federal Credit Union | Maple Federal Credit Union |
| Jul 1, 2004 | First National Bank of Gaylord | Independent Bank |
| Jul 1, 2004 | Bi-County Catholic Credit Union | Bi-County PTC Federal Credit Union |
| Jul 1, 2004 | Newton Financial Corporation | Lakeland Bancorp, Inc. |
| Jul 1, 2004 | Bank One Corporation | JPMorgan Chase & Co. |
| Jul 1, 2004 | Provident Financial Group, Inc. | National City Corporation |
| Jul 1, 2004 | Regions Financial Corporation | Regions Financial Corporation |
| Jul 1, 2004 | Union Planters Corporation | Regions Financial Corporation |
| Jul 1, 2004 | Second Bancorp, Incorporated | SKY Financial Group, Inc. |
| Jul 1, 2004 | North Bancorp, Inc. | Independent Bank Corporation |
| Jul 1, 2004 | Kirkpatrick Pettis Trust Company | Security National Bank of Omaha |
| Jul 1, 2004 | HSBC Bank & Trust Company (Delaware), N.A. | HSBC Bank USA, N.A. |
| Jul 1, 2004 | First State, FSB | First State Bank of the Southeast, Inc |
| Jul 1, 2004 | Renasant Bancshares Inc | Peoples Merger Corporation |
| Jun 30, 2004 | T-C Japanese American Citizens League Credit Union | National J.A.C.L. Credit Union |
| Jun 30, 2004 | Bank of America Technology and Operations, Inc. | Bank of America, N.A. |
| Jun 30, 2004 | Bakery Drivers Salesmen LOCAL#51 Credit Union | Teamsters 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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