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 |
|---|---|---|
| Aug 23, 2004 | Bremer Bank, National Association | Bremer Bank, N.A. |
| Aug 23, 2004 | 1st Security Credit Union | Fox Communities Credit Union |
| Aug 21, 2004 | Morehead Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bancshares, Inc. | Whitney Holding Corporation |
| Aug 21, 2004 | Pocahontas Bankstock, Inc. | Mountain Home Bancshares, Inc. |
| Aug 21, 2004 | Mount Sterling Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bank | Whitney National Bank |
| Aug 21, 2004 | (unnamed) | Integrity First Bank, National Association |
| Aug 20, 2004 | (unnamed) | Advantage Bank |
| Aug 20, 2004 | Coquina Bank | Cypress Coquina Bank |
| Aug 20, 2004 | London Financial Corporation | Camco Financial Corporation |
| Aug 19, 2004 | Lumpkin County Bank | Gainesville Bank & Trust |
| Aug 18, 2004 | Peninsula Bank | Mercantile Peninsula Bank |
| Aug 18, 2004 | Farmers & Merchants Bank - Eastern Shore | Mercantile Peninsula Bank |
| Aug 14, 2004 | Servus Financial Corporation | Ibid, Inc. |
| Aug 13, 2004 | Premier Community Bank of South Florida | Colonial Bank |
| Aug 13, 2004 | Mercantile Bank Texas | State National Bank |
| Aug 13, 2004 | Random Lake Bancorp, Limited | Merchants Merger Corp. |
| Aug 12, 2004 | Eisenhower National Bank | Broadway National Bank |
| Aug 7, 2004 | Sobieski Bank | MFB Financial (The "Savings Bank") |
| Aug 7, 2004 | Trust Bank | East West Bank |
| Aug 2, 2004 | Saint Johns County Teachers Credit Union | Community First Credit Union of Florida |
| Aug 2, 2004 | Southern Heritage Bank | Gainesville Bank & Trust |
| Aug 2, 2004 | Southern Heritage Bancorp, Inc. | GB&T Bancshares, Inc. |
| Aug 2, 2004 | First Bank | Lincoln Bank |
| Aug 2, 2004 | Bayonne Postal Employees Credit Union | First Jersey Credit Union |
| Aug 2, 2004 | Carbon City Federal Credit Union | Allegacy Federal Credit Union |
| Aug 2, 2004 | Advantage Credit Union | Piedmont Advantage Credit Union |
| Aug 1, 2004 | UMB U.S.A., N.A. | UMB Bank, N.A. |
| Aug 1, 2004 | First Western Mortgage Services, Inc. | WestStar Bank |
| Aug 1, 2004 | Village Bank & Trust, S.S.B. | Prosperity Bank |
| Aug 1, 2004 | Winnebago Credit Union | Fox Communities Credit Union |
| Aug 1, 2004 | Metrocom Area Credit Union | Post Community Credit Union |
| Aug 1, 2004 | John T. Page Federal Credit Union | West Virginia Central Federal Credit Union |
| Aug 1, 2004 | Commerce Bank, National Association | Commerce Bank |
| Aug 1, 2004 | Burt County State Bank | Washington County Bank |
| Aug 1, 2004 | Insurance Services Federal Credit Union | Truchoice Federal Credit Union |
| Aug 1, 2004 | Go-Gulf Federal Credit Union | Complex Community Federal Credit Union |
| Aug 1, 2004 | The Commercial Bank of Demopolis | BankTrust |
| Aug 1, 2004 | United Community Bank | Limestone Bank, Inc. |
| Aug 1, 2004 | Pierce County Federal Credit Union | Sound Credit Union |
| Aug 1, 2004 | Dorsey Laboratories Federal Credit Union | Lincone Federal Credit Union |
| Aug 1, 2004 | Hercules Federal Credit Union | Community Powered Federal Credit Union |
| Aug 1, 2004 | Shermco Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2004 | Liberty Bank, SSB | Prosperity Bank |
| Aug 1, 2004 | Key Credit Union | St. Jean's Credit Union |
| Aug 1, 2004 | Salvaho Federal Credit Union | Premier Federal Credit Union |
| Aug 1, 2004 | Cbi-Illinois, Inc. | Cbi-Kansas, Inc. |
| Jul 31, 2004 | Beacon Credit Union, Inc. | Christian Family Credit Union, Inc. |
| Jul 31, 2004 | Allegiant Bank | National City Bank of the Midwest |
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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