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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 8, 2004 Postal Employees Credit Union NY Sunmark Credit Union
Jul 8, 2004 Advest Bank and Trust Company CT Frontier Trust Company, FSB
Jul 8, 2004 The Citizens State Bank, Liberal, Kansas KS Sunflower Bank, N.A.
Jul 7, 2004 Wabeno Bancorporation, Inc. WI Tomah Bancshares, Inc.
Jul 3, 2004 Franklin Bank, a Federal Savings Bank MI First Place Bank
Jul 3, 2004 First Federal Savings & Loan Association LA Teche Federal Bank
Jul 3, 2004 Premier Community Bank of Southwest Florida FL Colonial Bank
Jul 2, 2004 Burning Mountain Credit Union CO Western Rockies Federal Credit Union
Jul 2, 2004 The Second National Bank of Warren OH SKY Bank
Jul 1, 2004 St. Patricks Spangler Federal Credit Union PA G.A.P. Federal Credit Union
Jul 1, 2004 Pennsco Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 2004 Apple Valley Credit Union WA Gesa Credit Union
Jul 1, 2004 C I P S Employees Federal Credit Union IL Midwest America Federal Credit Union
Jul 1, 2004 Tri-Health Federal Credit Union OH General Electric Credit Union
Jul 1, 2004 City of Salem Employees Federal Credit Union VA Freedom First Federal Credit Union
Jul 1, 2004 Asbury Park Federal Credit Union NJ First Financial Federal Credit Union
Jul 1, 2004 Dairypak Employees Federal Credit Union TX MY Credit Union
Jul 1, 2004 Verizon Employees Federal Credit Union CA Orange County's Federal Credit Union
Jul 1, 2004 McTea Federal Credit Union GA Mea Federal Credit Union
Jul 1, 2004 Saint Michael Independence Federal Credit Union OH Oc Federal Credit Union
Jul 1, 2004 Watertown Rubber Workers Federal Credit Union SD Sioux Valley Cooperative Federal Credit Union
Jul 1, 2004 San Angelo TWC Credit Union TX Concho Valley Credit Union
Jul 1, 2004 Gentel Federal Credit Union PA Galaxy Federal Credit Union
Jul 1, 2004 The Farmers National Bank of Winfield IA Pilot Grove Savings Bank
Jul 1, 2004 Upper Valley Federal Credit Union OH Heartland Federal Credit Union
Jul 1, 2004 First National Bank of Colorado Springs CO Bank of Colorado
Jul 1, 2004 Neville Chemcial Company Employees Federal Credit Union PA Clearview Federal Credit Union
Jul 1, 2004 Spartanburg Educators Federal Credit Union SC Founders Federal Credit Union
Jul 1, 2004 Galveston County Federal Credit Union TX Openland Credit Union
Jul 1, 2004 Fond Du Lac Telco Credit Union WI Fond Du Lac Credit Union
Jul 1, 2004 Merrow Machine Employee Federal Credit Union CT Nutmeg State Financial Credit Union
Jul 1, 2004 Mobile Coast Guard Federal Credit Union AL All in Federal Credit Union
Jul 1, 2004 Lakeland Community Credit Union WI Iron County Community Credit Union
Jul 1, 2004 Iberia Medical Center Federal Credit Union LA Maple Federal Credit Union
Jul 1, 2004 First National Bank of Gaylord MI Independent Bank
Jul 1, 2004 Bi-County Catholic Credit Union MI Bi-County PTC Federal Credit Union
Jul 1, 2004 Newton Financial Corporation NJ Lakeland Bancorp, Inc.
Jul 1, 2004 Bank One Corporation IL JPMorgan Chase & Co.
Jul 1, 2004 Provident Financial Group, Inc. OH National City Corporation
Jul 1, 2004 Regions Financial Corporation AL Regions Financial Corporation
Jul 1, 2004 Union Planters Corporation TN Regions Financial Corporation
Jul 1, 2004 Second Bancorp, Incorporated OH SKY Financial Group, Inc.
Jul 1, 2004 North Bancorp, Inc. MI Independent Bank Corporation
Jul 1, 2004 Kirkpatrick Pettis Trust Company NE Security National Bank of Omaha
Jul 1, 2004 HSBC Bank & Trust Company (Delaware), N.A. DE HSBC Bank USA, N.A.
Jul 1, 2004 First State, FSB KY First State Bank of the Southeast, Inc
Jul 1, 2004 Renasant Bancshares Inc TN Peoples Merger Corporation
Jun 30, 2004 T-C Japanese American Citizens League Credit Union MN National J.A.C.L. Credit Union
Jun 30, 2004 Bank of America Technology and Operations, Inc. NC Bank of America, N.A.
Jun 30, 2004 Bakery Drivers Salesmen LOCAL#51 Credit Union MI Teamsters 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

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