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
Jun 30, 2004 Osceola Community Credit Union MI Wmcu
Jun 30, 2004 Supervalu Midwest Federal Credit Union IL Central Illinois Credit Union
Jun 30, 2004 West Suburban Columbus Credit Union MN Peoples Community Credit Union
Jun 30, 2004 Fresco Federal Credit Union OH Fremont Federal Credit Union
Jun 29, 2004 Leland National Bancorp, Inc. IL Ni Bancshares Corporation
Jun 29, 2004 Hacienda Bank CA Heritage Oaks Bank
Jun 29, 2004 LNB National Bank IL The National Bank & Trust Company of Sycamore
Jun 28, 2004 State Bank of Caledonia MI Chemical Bank West
Jun 28, 2004 Union National Bank IA FNB Bank
Jun 28, 2004 Oil Creek Federal Credit Union PA Galaxy Federal Credit Union
Jun 26, 2004 Denver Community Development Credit Union CO Denver Community Credit Union dba Zing Credit Union
Jun 26, 2004 Community National Bank VA The National Bank of Blacksburg
Jun 26, 2004 Hca Georgia Federal Credit Union GA On the Grid Financial Federal Credit Union
Jun 25, 2004 North Park Bancshares, Inc. CO Platte Valley Financial Service Companies, Inc.
Jun 25, 2004 Midwest Guaranty Mortgage Company MI Independent Bank East Michigan
Jun 25, 2004 Midwest Bancshares Leasing, Inc. MI Independent Bank Corporation
Jun 25, 2004 Premier Community Bank FL Colonial Bank
Jun 25, 2004 Premier Community Bank of Florida FL Colonial Bank
Jun 21, 2004 Erie County Federal Credit Union PA Widget Federal Credit Union
Jun 21, 2004 Bank of Westport CT Fairfield County Bank
Jun 21, 2004 S E Erie Industrial Federal Credit Union PA Widget Federal Credit Union
Jun 19, 2004 Local Financial Corporation OK International Bancshares Corporation
Jun 19, 2004 Local Oklahoma Bank OK International Bank of Commerce
Jun 16, 2004 Red Star Employees Federal Credit Union NY Auburn Community Federal Credit Union
Jun 12, 2004 Republic Bank FL Truist Bank
Jun 11, 2004 Franklin Financial Corporation TN Fifth Third Financial Corporation
Jun 11, 2004 Peoples First, Inc. PA National Penn Bancshares, Inc.
Jun 11, 2004 The People's Bank of Oxford PA National Penn Bank
Jun 10, 2004 Patriot Bank PA Susquehanna Bank DV
Jun 10, 2004 Patriot Bank Corp. PA Susquehanna Bancshares, Inc.
Jun 9, 2004 Peoples Financial Corporation IN Peoples Trust Company
Jun 7, 2004 Harris Bank Round Lake IL BMO Bank N.A.
Jun 7, 2004 Marshall Savings Bank, F.S.B. MI Monarch Community Bank
Jun 5, 2004 Hawthorne Savings, F.S.B. CA Commercial Capital Bank, FSB
Jun 5, 2004 Peoples State Bank of Groveland FL Public Bank
Jun 4, 2004 Buffalo China Federal Credit Union NY South Towns Community Federal Credit Union
Jun 4, 2004 Issaquah Bancshares, Inc. WA Cascade Financial Corporation
Jun 4, 2004 Issaquah Bank WA Cascade Bank
Jun 1, 2004 1st Community Bank GA United Community Bank
Jun 1, 2004 Gethsemane Baptist Church Credit Union OH Faith Community United Credit Union Inc.
Jun 1, 2004 The Leader Mortgage Company, LLC OH U.S. Bank N.A.
Jun 1, 2004 Midwest Guaranty Bancorp, Inc. MI Independent Bank Corporation
Jun 1, 2004 Midwest Guaranty Bank MI Independent Bank East Michigan
Jun 1, 2004 New Lenox Holding Company IL BMO Bankcorp, Inc.
Jun 1, 2004 Stebbins Bancshares, Inc. OH Wayne Savings Bancshares, Inc.
Jun 1, 2004 American Banking Corporation FL Citizens Banking Corporation
Jun 1, 2004 First National Cincinnati Corporation OH U.S. Bank N.A.
Jun 1, 2004 Stebbins National Bank OH Main Street Bank Corp.
Jun 1, 2004 Colbert-Browns Ferry Federal Credit Union AL TVA Community Credit Union
Jun 1, 2004 American Bank and Trust FL Citizens Bank and Trust

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
May 20, 2004 OCC (individual) Prohibition/Removal Orders: Hughes, Kathy
May 20, 2004 OCC Beatrice National Corporation Prohibition/Removal Orders: Cook, William
May 20, 2004 OCC (individual) Civil Money Penalty (CMP): Hughes, Kathy
May 19, 2004 OCC First National Bank of Sumner The-Retained Charter Prohibition/Removal Orders: Rigg, Ryan A.
May 13, 2004 OCC Riggs National Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Riggs Bank National Association
May 13, 2004 OCC Riggs National Trust Company Civil Money Penalty (CMP): Riggs Bank National Association
May 12, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Doss, Roddy
May 12, 2004 OCC Home National Bank Civil Money Penalty (CMP): Roush, Wayne
May 12, 2004 OCC Home National Bank Civil Money Penalty (CMP): Norris, Carroll
May 12, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Cheryl
May 12, 2004 OCC Home National Bank Civil Money Penalty (CMP): Hill, Marvin
May 12, 2004 OCC Home National Bank Civil Money Penalty (CMP): Fox, David
May 12, 2004 OCC The First National Bank of O'Donnell Prohibition/Removal Orders: Doss, Roddy
May 12, 2004 OCC Home National Bank Civil Money Penalty (CMP): Wolfe, John
May 11, 2004 FRB Utah Bancshares, Inc. Written Agreement: Utah Bancshares, Inc., Ephraim, UT and Bank of Ephraim, Ephraim, UT
May 10, 2004 FRB UBS Ag Civil Money Penalty $100,000,000: UBS, AG, Zurich, Switzerland
May 7, 2004 OCC Beatrice National Corporation Civil Money Penalty (CMP): Workman, Jeffrey
May 7, 2004 OCC The First National Bank of Gordon Formal Agreement: The First National Bank of Gordon
May 7, 2004 OCC Beatrice National Corporation Prohibition/Removal Orders: Workman, Jeffrey
May 6, 2004 FRB Cab Holding, LLC Cease and Desist Order: Paul Shi H. Huang
May 6, 2004 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Charoenlert, Nudchanart
May 6, 2004 OCC InterBusiness Bank, National Association Formal Agreement: Interbusiness Bank, National Association
May 6, 2004 OCC U.S. Bank National Association Civil Money Penalty (CMP): Charoenlert, Nudchanart
May 6, 2004 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): Charoenlert, Nudchanart
May 6, 2004 OCC Wells Fargo & Company Prohibition/Removal Orders: Hutchinson, Julie K.
May 6, 2004 OCC U.S. Bank National Association Prohibition/Removal Orders: Charoenlert, Nudchanart
May 6, 2004 FRB Cab Holding, LLC Cease and Desist Order: CAB Holding, LLC, Wilmington, DE
May 3, 2004 OCC National Independent Trust Company Formal Agreement: National Independent Trust Company
May 3, 2004 OCC_OTS Greater South Texas Bank Orders of Removal/Prohibition: Ernest P. Perez
May 3, 2004 OCC_OTS Queen City Federal Savings Bank Orders of Removal/Prohibition: Gerald D. McKenna
Apr 30, 2004 OCC Modern Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Nasser, Ezequiel Edmond
Apr 27, 2004 OCC_OTS Georgia Community Bank Supervisory Agreement: Georgia Community Bank
Apr 26, 2004 OCC_OTS Davidson Trust Co. Cease and Desist: Davidson Trust Co.
Apr 23, 2004 OCC First Liberty National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Liberty National Bank
Apr 22, 2004 OCC Constitution Bank, N.A. Formal Agreement: National Bank
Apr 21, 2004 OCC Texas Heritage National Bank Formal Agreement: The National Bank of Daingerfield
Apr 20, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Ripley National Bank
Apr 19, 2004 FRB Cache Valley Banking Company Written Agreement: Cache Valley Banking Company, Logan, UT and Cache Valley Bank, Logan, UT
Apr 19, 2004 OCC_OTS Ocwen Federal Bank, FSB Supervisory Agreement: Ocwen Federal Bank FSB
Apr 16, 2004 FRB Putnam-Greene Financial Corporation Written Agreement: Putnam-Greene Financial Corporation, Eatonton, GA and The Citizens Bank of Cochran, Cochran, …
Apr 14, 2004 OCC_OTS Guardian Bancshares, Inc. Cease and Desist: John R. Nieser
Apr 9, 2004 OCC First National Bank & Trust Company in Larned Formal Agreement: First National Bank & Trust Company in Larned
Apr 2, 2004 OCC The National State Bank of Metropolis Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kenneally, Bernard P.
Apr 2, 2004 OCC The National State Bank of Metropolis Civil Money Penalty (CMP): Kenneally, Bernard P.
Mar 26, 2004 OCC_OTS Love Savings Holding Company Supervisory Agreement: Love Savings Holding Company
Mar 25, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Henderson, William R.
Mar 25, 2004 OCC McCurtain County National Bank Prohibition/Removal Orders: Sheets, Evelyn
Mar 25, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hughes, Mickey
Mar 22, 2004 OCC Industrial Bank, National Association Formal Agreement: Industrial Bank, National Association
Mar 22, 2004 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Richburg, Yvonnya Leann

Browse adjacent years: 2003 · 2005

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