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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 1, 2004 U. A. L. U. #159 Credit Union CA Ibew Members + Credit Union
Nov 1, 2004 S P Federal Credit Union LA Coastland Federal Credit Union
Oct 31, 2004 Vilter Credit Union WI Prime Financial Credit Union
Oct 31, 2004 Philadelphia Postal Workers Credit Union PA Eagle One Federal Credit Union
Oct 30, 2004 Riverton Community Bank IL INB, N.A.
Oct 30, 2004 First Federal Savings & Loan Association of Allen Parish LA First Federal Bank of Louisiana
Oct 30, 2004 Ail Federal Credit Union NY Fourleaf Federal Credit Union
Oct 30, 2004 First Medical Credit Union CO Community Choice Credit Union
Oct 30, 2004 Bank of Washtenaw MI Fidelity Bank
Oct 29, 2004 Tritten Bancshares, Inc. MO Maries County Bancorp., Inc.
Oct 28, 2004 Jackson Federal Bank CA MUFG Union Bank, National Association
Oct 28, 2004 P & P U Employees Federal Credit Union IL Cooperative Choice Network Credit Union
Oct 27, 2004 Evangeline Parish Federal Credit Union LA Onpath Federal Credit Union
Oct 25, 2004 Carta Employees Credit Union TN Southern Cu
Oct 23, 2004 Citizens Bank KY The Farmers Bank and Trust Company of Georgetown, Kentucky
Oct 23, 2004 Oil Capital Community Credit Union OK Oklahoma Central Credit Union
Oct 20, 2004 Quick & Reilly/Fleet Securities, Inc. RI NB Holdings Corporation
Oct 20, 2004 Unionfinancial Services & Trust Company IL Centrue Bank
Oct 20, 2004 Buhl Bancorporation, Inc. MN Timberland Bancorp
Oct 18, 2004 The Community Bank NC Southern Community Bank and Trust
Oct 16, 2004 The National Bank of Madisonville TX First National Bank of Huntsville
Oct 16, 2004 Vision Bank, FSB FL Vision Bank
Oct 16, 2004 Greater Atlanta Catholic Federal Credit Union GA Georgia United Credit Union
Oct 16, 2004 Farmers & Merchants Bank GA Capital City Bank
Oct 15, 2004 Town Bankshares, Ltd. WI Wintrust Financial Corporation
Oct 11, 2004 Plainwell Community Federal Credit Union MI Advia Credit Union
Oct 9, 2004 The First National Bank of Slippery Rock PA First National Bank of Pennsylvania
Oct 9, 2004 (unnamed) — Oak Hill Banks
Oct 9, 2004 Slippery Rock Financial Corporation PA F.N.B. Corporation
Oct 9, 2004 FNB Financial Corporation OH Civista Bancshares, Inc
Oct 9, 2004 Raymond Bancshares, Inc. MN Heritage Bancshares Group, Inc.
Oct 9, 2004 Farmers' State Bank of Raymond MN Heritage Bank, N.A.
Oct 9, 2004 The First National Bank of Shelby OH First Citizens Bank
Oct 9, 2004 First Community Bank and Trust IN MainSource Bank
Oct 5, 2004 Wayne Bancorp, Inc. OH National City Corporation
Oct 2, 2004 Worthington Industries, Inc. Federal Credit Union OH Bmi Federal Credit Union
Oct 2, 2004 The Warwick Savings Bank NY Sterling National Bank
Oct 2, 2004 The Warwick Commercial Bank NY Provident Municipal Bank
Oct 2, 2004 Dutchfork Bancshares, Inc. SC First Community Corporation
Oct 2, 2004 The Towne Center Bank NJ Sterling National Bank
Oct 2, 2004 Lamar Delaware Financial Corporation DE Midsouth Bancorp, Inc.
Oct 2, 2004 Lamar Bancshares, Inc. TX Midsouth Bancorp, Inc.
Oct 2, 2004 Ua Local 106 Federal Credit Union LA Access of Louisiana Federal Credit Union
Oct 2, 2004 Yat Employees Credit Union TN Foothills Federal Credit Union
Oct 2, 2004 Newberry Federal Savings Bank SC First Community Bank
Oct 2, 2004 Cuyamaca Bank, National Association CA Community National Bank
Oct 1, 2004 The Madison Bank PA Vist Bank
Oct 1, 2004 Encino State Bank CA First Private Bank & Trust
Oct 1, 2004 Klein Bancshares of Delaware, Inc. DE Amegy Holding Delaware, Inc.
Oct 1, 2004 Key Bank USA, N.A. OH KeyBank N.A.

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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