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 |
|---|---|---|
| Dec 6, 2004 | HCB Bancorp, Inc. | Security State Corporation |
| Dec 6, 2004 | Harbor Community Bank | Security State Bank |
| Dec 4, 2004 | Community First Bankshares, Inc. | Bank of the West |
| Dec 4, 2004 | Peoples Bank of Polk County | SimplyBank. |
| Dec 4, 2004 | Community First National Bank | Bank of the West |
| Dec 4, 2004 | Cedar Creek Bank | Franklin Bank, S.S.B. |
| Dec 4, 2004 | Bank of Dyer | The Farmers & Merchants Bank |
| Dec 4, 2004 | Bank of Amador | American River Bank |
| Dec 4, 2004 | UMB Bank Omaha, National Association | UMB Bank, N.A. |
| Dec 4, 2004 | Community First Financial, Inc. | Bank of the West |
| Dec 4, 2004 | First City Bank | Webster Bank, N.A. |
| Dec 3, 2004 | Med Com Federal Credit Union | Membersfirst Credit Union |
| Dec 3, 2004 | The Pennsylvania State Banking Company | Sterling Financial Corporation |
| Dec 3, 2004 | Prospect Bank | SKY Bank |
| Dec 2, 2004 | Priority One Credit Union | Resource One Credit Union |
| Dec 1, 2004 | Golden Flake Credit Union | Avadian Credit Union |
| Dec 1, 2004 | Pointpathbank, N.A. | Peachtree National Bank |
| Dec 1, 2004 | Citizens Bancshares, Inc. | Ameris Bancorp |
| Dec 1, 2004 | First Bradenton Bank | First National Bank of Florida |
| Dec 1, 2004 | Liberty National Bancshares, Inc. | United Community Banks, Inc. |
| Dec 1, 2004 | First Union Direct Bank, N.A. | Wachovia Bank, N.A. |
| Dec 1, 2004 | Yutan Bancorp., Inc. | First State Holding Co. |
| Dec 1, 2004 | Hickman Corporation | First State Holding Co. |
| Dec 1, 2004 | Hillside Investors, Ltd. | The San Francisco Company |
| Dec 1, 2004 | Republic Steel Workers Federal Credit Union | Stark Federal Credit Union |
| Dec 1, 2004 | CIB Bank | First Bank |
| Dec 1, 2004 | Oceana School Employees Credit Union | Family Financial Credit Union |
| Dec 1, 2004 | Local 2-149 Pace Federal Credit Union | Community Financial Services Federal Credit Union |
| Dec 1, 2004 | Zurn Employees Federal Credit Union | Tendto Federal Credit Union |
| Dec 1, 2004 | Compact Credit Union | First Legacy Community Credit Union |
| Dec 1, 2004 | First National Bank | First Financial Bank, National Association |
| Dec 1, 2004 | Rowan Savings Bank, SSB, Inc. | Communityone Bank, National Association |
| Dec 1, 2004 | Kemba Credit Union | Kemba Financial Credit Union, Inc. |
| Dec 1, 2004 | Greenline Federal Credit Union | Sun Center Federal Credit Union |
| Dec 1, 2004 | Western Avenue Federal Credit Union | Golden West Cities Federal Credit Union |
| Dec 1, 2004 | Ams Credit Union | Apple Federal Credit Union |
| Nov 30, 2004 | Canton E O G Federal Credit Union | Dominion Energy Credit Union |
| Nov 30, 2004 | Prospect Bancshares, Inc. | SKY Financial Group, Inc. |
| Nov 30, 2004 | Independent Management Group II, Inc | Community South Bank |
| Nov 30, 2004 | Bantam Employees Credit Union | Cedar Falls Community Credit Union |
| Nov 30, 2004 | Insouth Investments Inc | Insouth Bank |
| Nov 30, 2004 | First Ada Bancshares, Inc. | Vision Bancshares, Inc. |
| Nov 30, 2004 | Magnolia Healdton Federal Credit Union | Southwest Oklahoma Federal Credit Union |
| Nov 30, 2004 | Resource Conservation Federal Credit Union | Oregonians Credit Union |
| Nov 24, 2004 | Franklin Bank of California | Cass Commercial Bank |
| Nov 23, 2004 | Mann Road, Inc. | International Bancshares Corporation |
| Nov 22, 2004 | Americana National Bank | American Bank of St. Paul |
| Nov 20, 2004 | Nobles Agency, Inc. | First National Bancorp, Inc. |
| Nov 20, 2004 | Eustis Bancshares, Inc. | Midwest Banco Corporation |
| Nov 20, 2004 | Farmers State Bank | Waypoint 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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