Skip to main content

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
Nov 20, 2004 CNA Trust Corporation CA Nevada Security Bank
Nov 20, 2004 Citizens Bank GA First Citizens Bank and Trust Company, Inc.
Nov 17, 2004 Orange Savings Bank of Texas, SSB TX Orange Savings Bank, SSB
Nov 15, 2004 Beth El Federal Credit Union NY Morton Lane Federal Credit Union
Nov 15, 2004 Chattahoochee National Bank GA First Capital Bank
Nov 15, 2004 Shenandoah County Credit Union VA Dupont Community Credit Union
Nov 13, 2004 Bank One, National Association OH JPMorgan Chase Bank, N.A.
Nov 13, 2004 First Carnegie Deposit PA Northwest Bank
Nov 13, 2004 Summit Community Bank WV Summit Community Bank, Inc
Nov 13, 2004 Bank One, National Association IL JPMorgan Chase Bank, N.A.
Nov 12, 2004 EverTrust Bank WA KeyBank N.A.
Nov 11, 2004 The First National Bank of Decatur IL Main Street Bank & Trust
Nov 8, 2004 Eastman Acquisition Holding Company OK Eastman National Bancshares, Inc.
Nov 8, 2004 Aflex Federal Credit Union NY Southern Chautauqua Federal Credit Union
Nov 6, 2004 Oakland State Bank IA Great Western Bank
Nov 6, 2004 Oak Bancorporation IA Great Western Bancorporation, Inc.
Nov 6, 2004 Security Bancorp IA Great Western Bancorporation, Inc.
Nov 6, 2004 Badin Employees Federal Credit Union NC Premier Federal Credit Union
Nov 6, 2004 Security State Bank IA Great Western Bank
Nov 6, 2004 First National Bank TX Austin Bank, Texas N.A.
Nov 3, 2004 Snake River Bancorp, Inc. ID Intermountain Community Bancorp
Nov 3, 2004 Magic Valley Bank ID Panhandle State Bank
Nov 1, 2004 BNY Trust Company of Missouri MO The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Doctors' Bancorp CA The Private Bank of California
Nov 1, 2004 Eagle National Bank GA United Community Bank
Nov 1, 2004 MidCountry Bank MN Midcountry Bank
Nov 1, 2004 Union Planters Holding Corporation TN Regions Financial Corporation
Nov 1, 2004 Evertrust Financial Group, Inc. WA KeyCorp
Nov 1, 2004 Bank of Texas Trust Company, N.A. TX Bank of Texas. National Association
Nov 1, 2004 Dillard National Bank AZ (unnamed)
Nov 1, 2004 Community First Technologies, Inc. ND Community First Bankshares, Inc.
Nov 1, 2004 Southtrust Corporation AL Wachovia Corporation
Nov 1, 2004 First Security Investment Services UT Ibid, Inc.
Nov 1, 2004 Chesterfield Federal Savings and Loan Association of Chicago IL Midamerica Bank, FSB
Nov 1, 2004 Number 1 Federal Credit Union GA Center Parc Credit Union
Nov 1, 2004 Rural American Bank-Montgomery/Lonsdale MN Frandsen Bank & Trust
Nov 1, 2004 Fox Point Credit Union WI Pioneer Credit Union
Nov 1, 2004 Century Diversified Federal Credit Union MN Hbi Employees Credit Union
Nov 1, 2004 The Bank of New York Trust Company, N.A. FL The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Protective Industrial Federal Credit Union AL Mutual Savings Credit Union
Nov 1, 2004 The Springfield Credit Union OH Ih Credit Union, Inc
Nov 1, 2004 Texas State Florists' Association Credit Union TX The Florist Federal Credit Union
Nov 1, 2004 Progress Credit Union IL Alero Financial Credit Union
Nov 1, 2004 Stephenville Bank and Trust Co. TX First Financial Bank, National Association
Nov 1, 2004 Montana Citizens Community Federal Credit Union MT Rocky Mountain Credit Union
Nov 1, 2004 New Boston Federal Credit Union MA Tremont Credit Union
Nov 1, 2004 Coeur D'Alene Teachers Credit Union ID Numerica Credit Union
Nov 1, 2004 Morton Employees Credit Union IL Access Credit Union
Nov 1, 2004 Chessie-Seaboard Employees Credit Union IL Fairmont Village Credit Union
Nov 1, 2004 Texas Crossroads Federal Credit Union TX Texas Dow Employees Credit Union

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

Browse adjacent years: 2003 · 2005

Or jump to a category: Failures · Mergers · Enforcement · Assistance