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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
Dec 31, 2004 The Business Bank LA Cadence Bank
Dec 31, 2004 Business Holding Corporation LA Bancorpsouth, Inc.
Dec 31, 2004 Financial National Electronic Transfer, Inc. KY First Citizens Bank
Dec 31, 2004 Highview Trust Company PA Commercial Bank & Trust of PA
Dec 31, 2004 Ameriserv Financial Services Corporation PA Ameriserv Financial Bank
Dec 31, 2004 Premier Bancorp, Inc. TN Bancorpsouth, Inc.
Dec 31, 2004 Premier Bank of Brentwood TN Cadence Bank
Dec 31, 2004 Whitewater Investment, Inc. WI First Citizens State Bank
Dec 31, 2004 Palmyra Investments, Inc. WI Palmyra State Bank
Dec 31, 2004 Cashton Bancshares, Inc. WI Eagle Bancshares, Inc.
Dec 31, 2004 Congress Financial Corporation (Southwest) TX Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Southern) GA Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation NY Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Florida) FL Wachovia Bank, N.A.
Dec 31, 2004 CSB Bancorp., Inc. KS Community State Bank
Dec 31, 2004 Galesburg Postal Credit Union IL Gale Credit Union
Dec 31, 2004 Advance Financial Savings Bank, FSB WV Parkvale Savings Bank
Dec 31, 2004 Manufacturer's Association Employer/Employee Federal Credit Union PA Widget Federal Credit Union
Dec 31, 2004 Headco Industries Federal Credit Union IL Access Credit Union
Dec 31, 2004 First Federal Savings Bank of Eastern Ohio OH Century National Bank
Dec 31, 2004 Red Cedar Bank National Association WI Peoples State Bank of Plainview
Dec 31, 2004 Duluth News Tribune Employees Credit Union MN Minnesota Power Employees Credit Union
Dec 31, 2004 Electra Motors Employees Federal Credit Union CA Interstate Federal Credit Union
Dec 31, 2004 Pisgah, Inc. SC First-Citizens Bank & Trust Company
Dec 31, 2004 Nantahala, Inc. SC First-Citizens Bank & Trust Company
Dec 30, 2004 Main Street Financial Services Corp. WI American Bank
Dec 30, 2004 Pine State Bancshares, Inc. AR Centennial Bancshares, Inc
Dec 30, 2004 North Linn Corporation IA Linn County State Bank
Dec 30, 2004 The First National Bank of Clifton IL The First Trust and Savings Bank of Watseka
Dec 29, 2004 F.N.B. Building Corporation PA F.N.B. Corporation
Dec 28, 2004 Central of Georgia Federal Credit Union GA Regional Members Federal Credit Union
Dec 28, 2004 Central Bank Fulton IL Central Bank Illinois
Dec 23, 2004 Yankee Doodle Federal Credit Union NY Capital Communications Federal Credit Union
Dec 22, 2004 Stockton Employees Credit Union IL Dupaco Community Credit Union
Dec 20, 2004 Oil Region Federal Credit Union PA New Directions Community Credit Union
Dec 18, 2004 P C D Bell Federal Credit Union OK Cherokee Strip Credit Union
Dec 17, 2004 Henry Street Settlement Federal Credit Union NY Lower East Side People's Federal Credit Union
Dec 16, 2004 West Liberty Holding Company IA Cornerstone Financial Services Group, Inc.
Dec 16, 2004 Walker Parkersburg Employees Federal Credit Union WV One Community Federal Credit Union
Dec 16, 2004 Chautauqua Employees Associations Federal Credit Union NY Greater Chautauqua Federal Credit Union
Dec 12, 2004 The State Bank of Allerton IL Philo Exchange Bank
Dec 11, 2004 Franklin Financial Group Incorporated TN Regions Financial Corporation
Dec 11, 2004 Union Planters Bank of the Lakeway Area TN Union Planters Bank, National Association
Dec 11, 2004 Bank of Lodi, N.A. CA Placer Sierra Bank
Dec 11, 2004 Savings Bank & Trust OH National City Bank
Dec 11, 2004 The Wayne County National Bank of Wooster OH National City Bank
Dec 11, 2004 First Financial Bancorp CA Placer Sierra Bancshares
Dec 10, 2004 Farmers Bank of Portageville MO First State Bank and Trust Company, Inc.
Dec 9, 2004 LSB Holding Company WI Rural Bancshares of Wisconsin, Inc.
Dec 9, 2004 The First National Bank MO Metropolitan National Bank

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
Sep 24, 2004 OCC_OTS Central Bank for Savings Cease and Desist: Central Bank For Savings
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Donahue, Patrick M.
Sep 22, 2004 OCC_OTS (individual) Termination of Cease and Desist: Greater Sourth Texas Bank, FSB
Sep 22, 2004 OCC (individual) Civil Money Penalty (CMP): Carruth, Johnny Bob
Sep 22, 2004 OCC (individual) Prohibition/Removal Orders: Carruth, Johnny Bob
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Mohan, Madhu
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Mason, Arthur
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Mahoney, John J.
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Kumar, Dr. Shailendra
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Jacquemin, John M.
Sep 22, 2004 OCC First Liberty National Bank Civil Money Penalty (CMP): Goel, K.C.
Sep 22, 2004 OCC Sinclair National Bank Civil Money Penalty (CMP): Chaitman, Helen Davis
Sep 21, 2004 OCC The Fullerton National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fullerton National Bank
Sep 21, 2004 OCC_OTS First Federal Community Bank, SSB Orders of Removal/Prohibition: Christopher G. Mallory
Sep 20, 2004 OCC Marion Center Bank Formal Agreement: The Marion Center National Bank
Sep 17, 2004 OCC Cortrust Bank N.A. Civil Money Penalty (CMP): Cortrust Bank National Association
Sep 17, 2004 OCC_OTS Anchor Bancorp Wisconsin, Inc. Cease and Desist: Anchor Bank
Sep 16, 2004 OCC_OTS UmbrellaBank, FSB Orders of Removal/Prohibition: Peter M. Hueser
Sep 14, 2004 OCC_OTS Sykesville Federal Savings Association Supervisory Agreement: Sykesville FSA
Sep 13, 2004 OCC Union Bank of California Foundation Prohibition/Removal Orders: Cadena, Veronica E.
Sep 13, 2004 OCC_OTS Guaranty Bank Orders of Removal/Prohibition: Shannon Cason
Sep 9, 2004 OCC_OTS Advance Financial Bancorp Orders of Removal/Prohibition: Frederick C. Taggart
Sep 7, 2004 OCC First National Bank in Las Vegas Formal Agreement: First National Bank in Las Vegas
Sep 3, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Morris, Kim
Sep 3, 2004 OCC (individual) Civil Money Penalty (CMP): Morris, Kim
Sep 2, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Nelson D.
Sep 1, 2004 OCC_OTS First Federal Bank Civil Money Penalty: First Federal Bank
Sep 1, 2004 OCC Old National Bank Civil Money Penalty (CMP): Old National Bank
Aug 31, 2004 OCC_OTS Colombo Bancshares, Inc. Civil Money Penalty: Colombo Bank
Aug 31, 2004 OCC_OTS Colombo Bancshares, Inc. Cease and Desist: Colombo Bank
Aug 27, 2004 OCC_OTS The Brattleboro Savings and Loan Association, F.A. Cease and Desist: The Brattleboro Savings & Loan Association, F.A.
Aug 27, 2004 OCC_OTS Snyder Savings and Loan Association Termination of Cease and Desist: Bruce Kallemeyn
Aug 24, 2004 OCC Union Bank of California Foundation Prohibition/Removal Orders: Olaiz, Pamela I.
Aug 23, 2004 FRB NorCrown Bank Notice of Prohibition: Charles Kushner
Aug 23, 2004 FRB Garden City Bancshares, Inc. Notice of Prohibition: Kenneth M. Matzdorff
Aug 19, 2004 OCC Citrus Financial Services, Inc. Formal Agreement: Citrus Bank, National Association
Aug 19, 2004 OCC Citizens Bank of Kansas Formal Agreement: Citizens Bank of Kansas, National Association
Aug 19, 2004 OCC The First National Bank of Valentine Formal Agreement: The First National Bank of Valentine
Aug 18, 2004 OCC First Century Bank, N.A. Formal Agreement: The National Bank of Gainesville
Aug 14, 2004 OCC_OTS Union Savings Bank Civil Money Penalty: Union Savings Bank
Aug 11, 2004 OCC Capital One, N.A. Prohibition/Removal Orders: Ball, Ado W.
Jul 30, 2004 OCC_OTS Lincoln Park Savings and Loan Association Civil Money Penalty: Lincoln Park S&LA
Jul 29, 2004 OCC First National Bank of Sumner The-Retained Charter Civil Money Penalty (CMP): Meyer, A. Melinda
Jul 29, 2004 OCC First National Bank of Sumner The-Retained Charter Civil Money Penalty (CMP): Puzey, Christina M.
Jul 29, 2004 OCC First National Bank of Sumner The-Retained Charter Civil Money Penalty (CMP): Puzey, Lyle D.
Jul 28, 2004 OCC_OTS Lyons Federal Savings Association Cease and Desist: Lyons FSA
Jul 27, 2004 OCC Steel Valley Bank, N.A. Formal Agreement: Steel Valley Bank, National Association
Jul 26, 2004 OCC CNB National Bank Civil Money Penalty (CMP): CNB National Bank
Jul 23, 2004 FRB Abn Amro Bank N.V. Written Agreement: ABN AMRO Bank, N.V., Amsterdam, The Netherlands and ABN AMRO Bank, N.V. …
Jul 22, 2004 OCC U.S. Bank N.A. Prohibition/Removal Orders: Garcia, Frank

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