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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
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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