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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
Jul 19, 2004 OCC_OTS Gibraltar Private Bank & Trust Co. Orders of Removal/Prohibition: Julio Calil
Jul 19, 2004 OCC_OTS United Holding Company, Inc. Cease and Desist: United Holding Company, Inc.
Jul 19, 2004 OCC_OTS Gibraltar Private Bank & Trust Co. Civil Money Penalty: Julio Calil
Jul 16, 2004 OCC_OTS Home Federal Savings Bank Cease and Desist: Home Federal Savings Bank
Jul 14, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Edmond, Stephanie
Jul 14, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Edmond, Stephanie
Jul 14, 2004 OCC First Tennessee Bank, National Association C&D or PC&D Requiring Restitution: Edmond, Stephanie
Jul 14, 2004 OCC First Tennessee Bank, National Association Prohibition/Removal Orders: Edmond, Stephanie
Jul 13, 2004 OCC The First National Bank of Evant Formal Agreement: The First National Bank of Evant
Jul 13, 2004 FRB (individual) Written Agreement: Traders Bank, A Banking Corporation, Spencer, WV
Jul 12, 2004 OCC_OTS Sobieski Bank Prompt Corrective Action: Sobieski Bank
Jul 9, 2004 FRB First Midwest Bank Written Agreement: First Midwest Bank, Itasca, Illinois
Jul 8, 2004 OCC The First National Bank of Mt. Pulaski Civil Money Penalty (CMP): Schmidt, J. Gene
Jul 2, 2004 OCC_OTS United Bank Cease and Desist: United Bank
Jun 30, 2004 OCC_OTS Bank Mutual Orders of Removal/Prohibition: Tony J. Anguiano, Jr.
Jun 30, 2004 OCC_OTS Algiers Bancorp, Inc. Orders of Removal/Prohibition: Joann Nichols
Jun 25, 2004 OCC Union Planters Corporation Prohibition/Removal Orders: Wiley, Lena M.
Jun 24, 2004 OCC The First National Bank of O'Donnell Prohibition/Removal Orders: Hogg, Jon
Jun 24, 2004 OCC (individual) Formal Agreement: Western National Bank
Jun 24, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Jon
Jun 23, 2004 OCC_OTS Universal Federal Savings Bank Cease and Desist: Maureen Navarro
Jun 22, 2004 OCC Surety Capital Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Surety Bank, National Association
Jun 21, 2004 OCC The First National Bank of Mt. Pulaski Civil Money Penalty (CMP): Hollis, Jerry
Jun 17, 2004 FRB First Tennessee Bank National Association Memphis Prohibition from Banking: Stephanie Edmond
Jun 16, 2004 FRB Kenco Bancshares, Inc. Written Agreement: Kenco Bancshares, Inc., Jayton, TX
Jun 14, 2004 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Volkert, Adam S.
Jun 14, 2004 OCC Bank One Trust Company, N.A. Civil Money Penalty (CMP): Volkert, Adam S.
Jun 11, 2004 OCC First National Bank and Trust Formal Agreement: First National Bank and Trust
Jun 10, 2004 OCC The First National Bank of De Witt Formal Agreement: The First National Bank of de Witt
Jun 9, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Orders of Removal/Prohibition: Vernon H. Roy
Jun 9, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Civil Money Penalty: Vernon H. Roy
Jun 7, 2004 OCC The First National Bank of O'Donnell Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hogg, Matt
Jun 7, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Matt
Jun 7, 2004 OCC Integra Bank N.A. Civil Money Penalty (CMP): Stull, Brian
Jun 7, 2004 OCC First National Bank and Trust Formal Agreement: First National Bank and Trust
Jun 7, 2004 OCC Integra Bank N.A. Prohibition/Removal Orders: Stull, Brian
Jun 7, 2004 OCC_OTS Hamilton Federal Bank Civil Money Penalty: Hamilton Federal Bank
Jun 7, 2004 OCC Integra Bank N.A. C&D or PC&D Requiring Restitution: Stull, Brian
May 29, 2004 FRB Cib Marine Bancshares, Inc. Written Agreement: CIB Marine Bancshares, Inc.Pewaukee, WI
May 27, 2004 OCC_OTS United Trust Bank Cease and Desist: United Trust Bank
May 27, 2004 OCC Merchants Bank of California, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Merchants Bank of California, National Association
May 27, 2004 FRB Citigroup Inc. Cease and Desist Order: Citigroup Inc., New York, NY and CitiFinancial Credit Company, Baltimore, …
May 27, 2004 FRB Citigroup Inc. Civil Money Penalty $70,000,000: Citigroup Inc., New York, NY and CitiFinancial Credit Company, Baltimore, …
May 24, 2004 OCC Omega Financial Corporation Civil Money Penalty (CMP): Omega Bank, National Association
May 24, 2004 OCC Credit One Bank, N.A. C&D or PC&D Requiring Restitution: First National Bank of Marin
May 24, 2004 OCC BNY Mellon, N.A. C&D or PC&D Requiring Restitution: Bassett, Josiah C.
May 24, 2004 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Marin
May 24, 2004 OCC BNY Mellon, N.A. Prohibition/Removal Orders: Bassett, Josiah C.
May 21, 2004 FRB Riggs National Corporation Cease and Desist Order: Riggs National Corporation, Washington, D.C. and Riggs International Banking Corporation, …
May 20, 2004 OCC Beatrice National Corporation Civil Money Penalty (CMP): Cook, William

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