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 |
|---|---|---|---|
| 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 |
Browse adjacent years: 2003 · 2005
Or jump to a category: Failures · Mergers · Enforcement · Assistance