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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
Nov 20, 2004 CNA Trust Corporation CA Nevada Security Bank
Nov 20, 2004 Citizens Bank GA First Citizens Bank and Trust Company, Inc.
Nov 17, 2004 Orange Savings Bank of Texas, SSB TX Orange Savings Bank, SSB
Nov 15, 2004 Beth El Federal Credit Union NY Morton Lane Federal Credit Union
Nov 15, 2004 Chattahoochee National Bank GA First Capital Bank
Nov 15, 2004 Shenandoah County Credit Union VA Dupont Community Credit Union
Nov 13, 2004 Bank One, National Association OH JPMorgan Chase Bank, N.A.
Nov 13, 2004 First Carnegie Deposit PA Northwest Bank
Nov 13, 2004 Summit Community Bank WV Summit Community Bank, Inc
Nov 13, 2004 Bank One, National Association IL JPMorgan Chase Bank, N.A.
Nov 12, 2004 EverTrust Bank WA KeyBank N.A.
Nov 11, 2004 The First National Bank of Decatur IL Main Street Bank & Trust
Nov 8, 2004 Eastman Acquisition Holding Company OK Eastman National Bancshares, Inc.
Nov 8, 2004 Aflex Federal Credit Union NY Southern Chautauqua Federal Credit Union
Nov 6, 2004 Oakland State Bank IA Great Western Bank
Nov 6, 2004 Oak Bancorporation IA Great Western Bancorporation, Inc.
Nov 6, 2004 Security Bancorp IA Great Western Bancorporation, Inc.
Nov 6, 2004 Badin Employees Federal Credit Union NC Premier Federal Credit Union
Nov 6, 2004 Security State Bank IA Great Western Bank
Nov 6, 2004 First National Bank TX Austin Bank, Texas N.A.
Nov 3, 2004 Snake River Bancorp, Inc. ID Intermountain Community Bancorp
Nov 3, 2004 Magic Valley Bank ID Panhandle State Bank
Nov 1, 2004 BNY Trust Company of Missouri MO The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Doctors' Bancorp CA The Private Bank of California
Nov 1, 2004 Eagle National Bank GA United Community Bank
Nov 1, 2004 MidCountry Bank MN Midcountry Bank
Nov 1, 2004 Union Planters Holding Corporation TN Regions Financial Corporation
Nov 1, 2004 Evertrust Financial Group, Inc. WA KeyCorp
Nov 1, 2004 Bank of Texas Trust Company, N.A. TX Bank of Texas. National Association
Nov 1, 2004 Dillard National Bank AZ (unnamed)
Nov 1, 2004 Community First Technologies, Inc. ND Community First Bankshares, Inc.
Nov 1, 2004 Southtrust Corporation AL Wachovia Corporation
Nov 1, 2004 First Security Investment Services UT Ibid, Inc.
Nov 1, 2004 Chesterfield Federal Savings and Loan Association of Chicago IL Midamerica Bank, FSB
Nov 1, 2004 Number 1 Federal Credit Union GA Center Parc Credit Union
Nov 1, 2004 Rural American Bank-Montgomery/Lonsdale MN Frandsen Bank & Trust
Nov 1, 2004 Fox Point Credit Union WI Pioneer Credit Union
Nov 1, 2004 Century Diversified Federal Credit Union MN Hbi Employees Credit Union
Nov 1, 2004 The Bank of New York Trust Company, N.A. FL The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Protective Industrial Federal Credit Union AL Mutual Savings Credit Union
Nov 1, 2004 The Springfield Credit Union OH Ih Credit Union, Inc
Nov 1, 2004 Texas State Florists' Association Credit Union TX The Florist Federal Credit Union
Nov 1, 2004 Progress Credit Union IL Alero Financial Credit Union
Nov 1, 2004 Stephenville Bank and Trust Co. TX First Financial Bank, National Association
Nov 1, 2004 Montana Citizens Community Federal Credit Union MT Rocky Mountain Credit Union
Nov 1, 2004 New Boston Federal Credit Union MA Tremont Credit Union
Nov 1, 2004 Coeur D'Alene Teachers Credit Union ID Numerica Credit Union
Nov 1, 2004 Morton Employees Credit Union IL Access Credit Union
Nov 1, 2004 Chessie-Seaboard Employees Credit Union IL Fairmont Village Credit Union
Nov 1, 2004 Texas Crossroads Federal Credit Union TX Texas Dow Employees Credit Union

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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