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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
Jul 31, 2004 St. Joseph of Kirkwood Employees Credit Union MO Health Care Family Credit Union
Jul 31, 2004 The Bank MO The Signature Bank
Jul 31, 2004 Brookwood Cattle Company MO Landrum Company
Jul 31, 2004 Continental Mortgage Corporation IL The San Francisco Company
Jul 31, 2004 Continental Community Bank and Trust Company IL First Bank
Jul 28, 2004 Hewitt Employees Credit Union, Inc. OH Day Air Credit Union, Inc.
Jul 28, 2004 The First National Bank of St. Mary's at Leonardtown MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Forest Hill State Bank MD Mercantile County Bank
Jul 28, 2004 St. Michaels Bank MD Mercantile Eastern Shore Bank
Jul 28, 2004 Van Deusen Bancorp, Inc. MN Van Deusen Bancorp, Inc.
Jul 28, 2004 Bank of Southern Maryland MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Peoples Bank of Maryland MD Mercantile Eastern Shore Bank
Jul 27, 2004 Eagle Point Federal Credit Union NJ Sun Federal Credit Union
Jul 25, 2004 First State Bank IN First Financial Bank, N.A.
Jul 24, 2004 First National Bank of Hinckley MN First National Bank of the North
Jul 24, 2004 Seacoast Financial Services Corporation MA Sovereign Bancorp, Inc.
Jul 24, 2004 Bank of Orange County CA Placer Sierra Bank
Jul 24, 2004 Compass Bank for Savings MA Santander Bank, N.A.
Jul 24, 2004 The Bank of Commerce KS The State Bank
Jul 23, 2004 Franklin National Bankshares, Inc. TX Triumph Financial, Inc.
Jul 23, 2004 Nantucket Bank MA Santander Bank, N.A.
Jul 22, 2004 FSFSB, National Association IL MB Financial Bank, National Association
Jul 19, 2004 Charter Bank and Trust Co. GA Bank of North Georgia
Jul 19, 2004 Mountain National Bank GA Bank of North Georgia
Jul 17, 2004 The First National Bank and Trust KS American State Bank & Trust Company
Jul 17, 2004 The Clyde Savings Bank Company OH Community First Bank & Trust
Jul 17, 2004 Bank of Jacomo MO Central Bank of the Midwest
Jul 17, 2004 Falmouth Co-operative Bank MA Rockland Trust Company
Jul 17, 2004 Mid-Continent Bancshares, Inc. MO First National Bancor, Inc.
Jul 17, 2004 American State Bancshares, Inc. KS American State Bancshares, Inc.
Jul 17, 2004 Indiana Lawrence Bank IN Community First Bank & Trust
Jul 16, 2004 CNB Florida Bancshares, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 CNB National Bank FL Mercantile Bank
Jul 16, 2004 Florida Banks, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 Centennial Bank Holdings, Inc. CO Guaranty Bancorp
Jul 16, 2004 Florida Bank, National Association FL Mercantile Bank
Jul 16, 2004 Bank of Kimberling City MO Metropolitan National Bank
Jul 15, 2004 Traylor Employees Federal Credit Union PA People First Federal Credit Union
Jul 15, 2004 BSB Bank & Trust Company NY Partners Trust Bank
Jul 15, 2004 First Sentinel Bancorp, Inc. NJ Provident Financial Services, Inc.
Jul 15, 2004 First Savings Bank NJ Provident Bank
Jul 12, 2004 Unite NY Unite Here
Jul 10, 2004 First State Bank WI Waumandee State Bank
Jul 10, 2004 Humboldt Bank CA Columbia Bank
Jul 10, 2004 First Financial Bank KY 1st Independence Bank
Jul 10, 2004 Independence Bancorp IN 1st Independence Financial Group, Inc.
Jul 10, 2004 Humboldt Bancorp CA Umpqua Holdings Corporation
Jul 10, 2004 Fgi Frankfurter Gesellschaft Fur Industriewerte MBH — Dresdner Bank Aktiengesellschaft
Jul 9, 2004 The Community Bank of New Jersey NJ Sun National Bank
Jul 9, 2004 Community Bancorp of New Jersey NJ Sun Bancorp, Inc

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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