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 |
|---|---|---|
| Oct 1, 2004 | Greenpoint Financial Corp. | North Fork Bancorporation, Inc. |
| Oct 1, 2004 | Guaranty National Bancshares, Inc. | Texas United Nevada, LLC |
| Oct 1, 2004 | GNB Bancshares, Inc. | Texas United Bancshares, Inc. |
| Oct 1, 2004 | Madison Bancshares Group, Ltd. | Vist Financial Corp. |
| Oct 1, 2004 | Kewaunee County Banc-Shares, Inc. | Baylake Corp. |
| Oct 1, 2004 | First Polk Bankshares, Inc. | Southcrest Financial Group, Inc. |
| Oct 1, 2004 | Sun Bancorp, Inc. | Omega Financial Corporation |
| Oct 1, 2004 | Klein Bancshares, Inc. | Amegy Holding Delaware, Inc. |
| Oct 1, 2004 | National Commerce Financial Corporation | Suntrust Banks, Inc. |
| Oct 1, 2004 | Oak Forest Credit Union | South Division Credit Union |
| Oct 1, 2004 | Howard Savings Bank | Edens Bank |
| Oct 1, 2004 | Tarrant Affliliated Contractors Credit Union | Family 1st of Texas Federal Credit Union |
| Oct 1, 2004 | Dot District 2 Credit Union | Florida Department of Transportation Credit Union |
| Oct 1, 2004 | Frankfort Federal Employees Federal Credit Union | Expree Credit Union |
| Oct 1, 2004 | Corsicana Municipal Employees Credit Union | Navarro Credit Union |
| Oct 1, 2004 | Diakonia Credit Union | Security Service Federal Credit Union |
| Oct 1, 2004 | Unite Western States Regional Federal Credit Union | Paradise Valley Federal Credit Union |
| Oct 1, 2004 | Klein Bank | Amegy Bank National Association |
| Oct 1, 2004 | Westview Savings Bank | Suburban Federal Savings Bank |
| Oct 1, 2004 | Twin Cities Federal Credit Union | Honor Credit Union dba Honor Investment Services |
| Oct 1, 2004 | Tex-US Credit Union | Rave Financial Credit Union |
| Oct 1, 2004 | Community Banks of the Rockies | Community Banks of Colorado |
| Oct 1, 2004 | Harborview Credit Union | Dutch Point Credit Union |
| Oct 1, 2004 | State Bank of Hudson | Premier Bank |
| Oct 1, 2004 | Bank One, Delaware, National Association | Chase Bank USA, N.A. |
| Oct 1, 2004 | Emmanuel Federal Credit Union | Viriva Community Credit Union |
| Oct 1, 2004 | Saint Linus Credit Union | Polish-American Federal Credit Union |
| Oct 1, 2004 | Sun Bank | Omega Bank |
| Oct 1, 2004 | Darco Employees Credit Union | East Texas Professional Credit Union |
| Oct 1, 2004 | Saint Peters Parish Credit Union | T L C Community Credit Union |
| Oct 1, 2004 | Community Banks of Southern Colorado | Community Banks of Colorado |
| Oct 1, 2004 | C S M Federal Credit Union | Credit Union of Colorado, a Federal Credit Union |
| Oct 1, 2004 | Tribview Federal Credit Union | Elliott Community Federal Credit Union |
| Oct 1, 2004 | Wilmington Newspaper Federal Credit Union | Community Powered Federal Credit Union |
| Sep 30, 2004 | Apco Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 30, 2004 | Northview Financial Corporation | Wintrust Financial Corporation |
| Sep 30, 2004 | Rogers Brothers Federal Credit Union | Erie Times Employees Federal Credit Union |
| Sep 30, 2004 | Cordan Federal Credit Union | Piedmont Credit Union |
| Sep 30, 2004 | Fellowship Church Credit Union, Inc. | Antioch Baptist Church Credit Union, Inc. |
| Sep 30, 2004 | GF Telco Federal Credit Union | Northern Valley Federal Credit Union |
| Sep 28, 2004 | The First National Bank of Unadilla | Countryside Bank |
| Sep 22, 2004 | Infitech, Inc. | First National Bank of Pennsylvania |
| Sep 21, 2004 | Bank of Sturgeon Bay Building Corp. | Baylake Bank |
| Sep 21, 2004 | Cornerstone Financial, Inc. | Baylake Bank |
| Sep 19, 2004 | First Farmers State Bank | First Financial Bank, N.A. |
| Sep 18, 2004 | Twin Lakes National Bank | Southwest National Bank |
| Sep 18, 2004 | Emprise Bank National Association | Emprise Bank |
| Sep 18, 2004 | Montana Armed Forces Credit Union | Intrepid Credit Union |
| Sep 17, 2004 | United Family Credit Union | Unity Credit Union |
| Sep 17, 2004 | Bartonville Bank | Better Banks |
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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