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 |
|---|---|---|
| Sep 16, 2004 | Beekmantown Central School Federal Credit Union | Dannemora Federal Credit Union |
| Sep 16, 2004 | CB Bancshares, Inc. | Central Pacific Financial Corp. |
| Sep 15, 2004 | Engelhard Employees Credit Union | Georgia Guard Credit Union |
| Sep 11, 2004 | The Whaples and Farmers State Bank | Community State Bank |
| Sep 11, 2004 | The Canaan National Bank | Salisbury Bank and Trust Company |
| Sep 11, 2004 | Leeds Federal Savings Bank | Northwest Bank |
| Sep 11, 2004 | Guaranty Bank | Atlantic Union Bank |
| Sep 9, 2004 | Lynchburg Appalachian Employees Credit Union | Beacon Credit Union Incorporated |
| Sep 4, 2004 | Southern Community Bank of Central Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bank of South Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bank of Southwest Florida | First National Bank of Florida |
| Sep 4, 2004 | Southern Community Bancorp | First National Bankshares of Florida, Inc. |
| Sep 3, 2004 | State Bank of Loretto | 21st Century Bank |
| Sep 2, 2004 | Sweca Federal Credit Union | Barksdale Federal Credit Union |
| Sep 2, 2004 | Ocjcc Federal Credit Union | Northwood Federal Credit Union |
| Sep 1, 2004 | Rocky Mount Postal Credit Union | First Carolina People's Credit Union |
| Sep 1, 2004 | GBC Florida, Inc. | GBC Kansas, Inc. |
| Sep 1, 2004 | VFW Credit Union | Pentagon Federal Credit Union |
| Sep 1, 2004 | Quaker City Bancorp, Inc. | Popular North America, Inc. |
| Sep 1, 2004 | Western Ohio Financial Corporation | WesBanco, Inc. |
| Sep 1, 2004 | Colonial Trust Company | Arizona Bank & Trust |
| Sep 1, 2004 | Colonial Trust Company | Happy State Bank |
| Sep 1, 2004 | Charter One Financial, Inc. | Citizens Financial Group, Inc. |
| Sep 1, 2004 | Delaware Trust Capital Management, Inc. | Wells Fargo Delaware Trust Company, N.A. |
| Sep 1, 2004 | Gold Bank | Gold Bank |
| Sep 1, 2004 | Somerset Bancshares Corporation, Inc. | Vision Bancshares, Inc. |
| Sep 1, 2004 | Banco Atlantico, S.A. | Banco de Sabadell, S.A. |
| Sep 1, 2004 | Huntington Va Federal Credit Union | Star USA Federal Credit Union |
| Sep 1, 2004 | Wyoming's First Federal Credit Union | Reliant Federal Credit Union |
| Sep 1, 2004 | Quaker City Bank | Popular Bank |
| Sep 1, 2004 | Cornerstone Bank | WesBanco Bank, Inc. |
| Sep 1, 2004 | Local 72 Electricians Federal Credit Union | Members Choice of Central Texas Federal Credit Union |
| Sep 1, 2004 | Community National Bank | MidCountry Bank |
| Sep 1, 2004 | Oaktree Federal Credit Union | Houston Federal Credit Union |
| Sep 1, 2004 | Northern Virginia Postal Employees Federal Credit Union | U S Postal Service Federal Credit Union |
| Sep 1, 2004 | Wheat Street Church Federal Credit Union | Credit Union of Atlanta |
| Sep 1, 2004 | Cumberland Bank | Cumberland Bank |
| Sep 1, 2004 | Hospitality USA Credit Union | Alero Financial Credit Union |
| Sep 1, 2004 | Nome Federal Credit Union | Gte Federal Credit Union dba Gte Financial |
| Sep 1, 2004 | N&W Madison Federal Credit Union | Revity Credit Union |
| Aug 31, 2004 | Huntley Community Credit Union | McHenry County Federal Credit Union |
| Aug 31, 2004 | Vandalia Correctional Center Credit Union | Land of Lincoln Credit Union |
| Aug 31, 2004 | Buena Park City Employees Federal Credit Union | Orange County's Federal Credit Union |
| Aug 31, 2004 | Educators Credit Union | Georgia United Credit Union |
| Aug 31, 2004 | Richmond Standard Employees Credit Union | Chevron Federal Credit Union |
| Aug 30, 2004 | St. Anne Mercy Federal Credit Union | Sun Federal Credit Union |
| Aug 28, 2004 | United Nebraska Bank | Tierone Bank |
| Aug 28, 2004 | Landmark Bank, National Association | Landmark Bank, National Association |
| Aug 27, 2004 | U.S. Baird Employees Credit Union | McKesson Federal Credit Union |
| Aug 26, 2004 | Citizens Bank | Citizens 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 |
Browse adjacent years: 2003 · 2005
Or jump to a category: Failures · Mergers · Enforcement · Assistance