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