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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
Jun 30, 2004 Osceola Community Credit Union MI Wmcu
Jun 30, 2004 Supervalu Midwest Federal Credit Union IL Central Illinois Credit Union
Jun 30, 2004 West Suburban Columbus Credit Union MN Peoples Community Credit Union
Jun 30, 2004 Fresco Federal Credit Union OH Fremont Federal Credit Union
Jun 29, 2004 Leland National Bancorp, Inc. IL Ni Bancshares Corporation
Jun 29, 2004 Hacienda Bank CA Heritage Oaks Bank
Jun 29, 2004 LNB National Bank IL The National Bank & Trust Company of Sycamore
Jun 28, 2004 State Bank of Caledonia MI Chemical Bank West
Jun 28, 2004 Union National Bank IA FNB Bank
Jun 28, 2004 Oil Creek Federal Credit Union PA Galaxy Federal Credit Union
Jun 26, 2004 Denver Community Development Credit Union CO Denver Community Credit Union dba Zing Credit Union
Jun 26, 2004 Community National Bank VA The National Bank of Blacksburg
Jun 26, 2004 Hca Georgia Federal Credit Union GA On the Grid Financial Federal Credit Union
Jun 25, 2004 North Park Bancshares, Inc. CO Platte Valley Financial Service Companies, Inc.
Jun 25, 2004 Midwest Guaranty Mortgage Company MI Independent Bank East Michigan
Jun 25, 2004 Midwest Bancshares Leasing, Inc. MI Independent Bank Corporation
Jun 25, 2004 Premier Community Bank FL Colonial Bank
Jun 25, 2004 Premier Community Bank of Florida FL Colonial Bank
Jun 21, 2004 Erie County Federal Credit Union PA Widget Federal Credit Union
Jun 21, 2004 Bank of Westport CT Fairfield County Bank
Jun 21, 2004 S E Erie Industrial Federal Credit Union PA Widget Federal Credit Union
Jun 19, 2004 Local Financial Corporation OK International Bancshares Corporation
Jun 19, 2004 Local Oklahoma Bank OK International Bank of Commerce
Jun 16, 2004 Red Star Employees Federal Credit Union NY Auburn Community Federal Credit Union
Jun 12, 2004 Republic Bank FL Truist Bank
Jun 11, 2004 Franklin Financial Corporation TN Fifth Third Financial Corporation
Jun 11, 2004 Peoples First, Inc. PA National Penn Bancshares, Inc.
Jun 11, 2004 The People's Bank of Oxford PA National Penn Bank
Jun 10, 2004 Patriot Bank PA Susquehanna Bank DV
Jun 10, 2004 Patriot Bank Corp. PA Susquehanna Bancshares, Inc.
Jun 9, 2004 Peoples Financial Corporation IN Peoples Trust Company
Jun 7, 2004 Harris Bank Round Lake IL BMO Bank N.A.
Jun 7, 2004 Marshall Savings Bank, F.S.B. MI Monarch Community Bank
Jun 5, 2004 Hawthorne Savings, F.S.B. CA Commercial Capital Bank, FSB
Jun 5, 2004 Peoples State Bank of Groveland FL Public Bank
Jun 4, 2004 Buffalo China Federal Credit Union NY South Towns Community Federal Credit Union
Jun 4, 2004 Issaquah Bancshares, Inc. WA Cascade Financial Corporation
Jun 4, 2004 Issaquah Bank WA Cascade Bank
Jun 1, 2004 1st Community Bank GA United Community Bank
Jun 1, 2004 Gethsemane Baptist Church Credit Union OH Faith Community United Credit Union Inc.
Jun 1, 2004 The Leader Mortgage Company, LLC OH U.S. Bank N.A.
Jun 1, 2004 Midwest Guaranty Bancorp, Inc. MI Independent Bank Corporation
Jun 1, 2004 Midwest Guaranty Bank MI Independent Bank East Michigan
Jun 1, 2004 New Lenox Holding Company IL BMO Bankcorp, Inc.
Jun 1, 2004 Stebbins Bancshares, Inc. OH Wayne Savings Bancshares, Inc.
Jun 1, 2004 American Banking Corporation FL Citizens Banking Corporation
Jun 1, 2004 First National Cincinnati Corporation OH U.S. Bank N.A.
Jun 1, 2004 Stebbins National Bank OH Main Street Bank Corp.
Jun 1, 2004 Colbert-Browns Ferry Federal Credit Union AL TVA Community Credit Union
Jun 1, 2004 American Bank and Trust FL Citizens Bank and Trust

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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