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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
Dec 6, 2004 HCB Bancorp, Inc. WA Security State Corporation
Dec 6, 2004 Harbor Community Bank WA Security State Bank
Dec 4, 2004 Community First Bankshares, Inc. ND Bank of the West
Dec 4, 2004 Peoples Bank of Polk County TN SimplyBank.
Dec 4, 2004 Community First National Bank ND Bank of the West
Dec 4, 2004 Cedar Creek Bank TX Franklin Bank, S.S.B.
Dec 4, 2004 Bank of Dyer TN The Farmers & Merchants Bank
Dec 4, 2004 Bank of Amador CA American River Bank
Dec 4, 2004 UMB Bank Omaha, National Association NE UMB Bank, N.A.
Dec 4, 2004 Community First Financial, Inc. ND Bank of the West
Dec 4, 2004 First City Bank CT Webster Bank, N.A.
Dec 3, 2004 Med Com Federal Credit Union GA Membersfirst Credit Union
Dec 3, 2004 The Pennsylvania State Banking Company PA Sterling Financial Corporation
Dec 3, 2004 Prospect Bank OH SKY Bank
Dec 2, 2004 Priority One Credit Union TX Resource One Credit Union
Dec 1, 2004 Golden Flake Credit Union AL Avadian Credit Union
Dec 1, 2004 Pointpathbank, N.A. GA Peachtree National Bank
Dec 1, 2004 Citizens Bancshares, Inc. FL Ameris Bancorp
Dec 1, 2004 First Bradenton Bank FL First National Bank of Florida
Dec 1, 2004 Liberty National Bancshares, Inc. GA United Community Banks, Inc.
Dec 1, 2004 First Union Direct Bank, N.A. GA Wachovia Bank, N.A.
Dec 1, 2004 Yutan Bancorp., Inc. NE First State Holding Co.
Dec 1, 2004 Hickman Corporation NE First State Holding Co.
Dec 1, 2004 Hillside Investors, Ltd. IL The San Francisco Company
Dec 1, 2004 Republic Steel Workers Federal Credit Union OH Stark Federal Credit Union
Dec 1, 2004 CIB Bank IL First Bank
Dec 1, 2004 Oceana School Employees Credit Union MI Family Financial Credit Union
Dec 1, 2004 Local 2-149 Pace Federal Credit Union NJ Community Financial Services Federal Credit Union
Dec 1, 2004 Zurn Employees Federal Credit Union PA Tendto Federal Credit Union
Dec 1, 2004 Compact Credit Union NC First Legacy Community Credit Union
Dec 1, 2004 First National Bank TX First Financial Bank, National Association
Dec 1, 2004 Rowan Savings Bank, SSB, Inc. NC Communityone Bank, National Association
Dec 1, 2004 Kemba Credit Union MI Kemba Financial Credit Union, Inc.
Dec 1, 2004 Greenline Federal Credit Union OH Sun Center Federal Credit Union
Dec 1, 2004 Western Avenue Federal Credit Union CA Golden West Cities Federal Credit Union
Dec 1, 2004 Ams Credit Union VA Apple Federal Credit Union
Nov 30, 2004 Canton E O G Federal Credit Union OH Dominion Energy Credit Union
Nov 30, 2004 Prospect Bancshares, Inc. OH SKY Financial Group, Inc.
Nov 30, 2004 Independent Management Group II, Inc NV Community South Bank
Nov 30, 2004 Bantam Employees Credit Union IA Cedar Falls Community Credit Union
Nov 30, 2004 Insouth Investments Inc NV Insouth Bank
Nov 30, 2004 First Ada Bancshares, Inc. OK Vision Bancshares, Inc.
Nov 30, 2004 Magnolia Healdton Federal Credit Union OK Southwest Oklahoma Federal Credit Union
Nov 30, 2004 Resource Conservation Federal Credit Union OR Oregonians Credit Union
Nov 24, 2004 Franklin Bank of California CA Cass Commercial Bank
Nov 23, 2004 Mann Road, Inc. TX International Bancshares Corporation
Nov 22, 2004 Americana National Bank MN American Bank of St. Paul
Nov 20, 2004 Nobles Agency, Inc. MN First National Bancorp, Inc.
Nov 20, 2004 Eustis Bancshares, Inc. NE Midwest Banco Corporation
Nov 20, 2004 Farmers State Bank NE Waypoint Bank

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

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