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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
Oct 1, 2004 Greenpoint Financial Corp. NY North Fork Bancorporation, Inc.
Oct 1, 2004 Guaranty National Bancshares, Inc. DE Texas United Nevada, LLC
Oct 1, 2004 GNB Bancshares, Inc. TX Texas United Bancshares, Inc.
Oct 1, 2004 Madison Bancshares Group, Ltd. PA Vist Financial Corp.
Oct 1, 2004 Kewaunee County Banc-Shares, Inc. WI Baylake Corp.
Oct 1, 2004 First Polk Bankshares, Inc. GA Southcrest Financial Group, Inc.
Oct 1, 2004 Sun Bancorp, Inc. PA Omega Financial Corporation
Oct 1, 2004 Klein Bancshares, Inc. TX Amegy Holding Delaware, Inc.
Oct 1, 2004 National Commerce Financial Corporation TN Suntrust Banks, Inc.
Oct 1, 2004 Oak Forest Credit Union IL South Division Credit Union
Oct 1, 2004 Howard Savings Bank IL Edens Bank
Oct 1, 2004 Tarrant Affliliated Contractors Credit Union TX Family 1st of Texas Federal Credit Union
Oct 1, 2004 Dot District 2 Credit Union FL Florida Department of Transportation Credit Union
Oct 1, 2004 Frankfort Federal Employees Federal Credit Union KY Expree Credit Union
Oct 1, 2004 Corsicana Municipal Employees Credit Union TX Navarro Credit Union
Oct 1, 2004 Diakonia Credit Union CO Security Service Federal Credit Union
Oct 1, 2004 Unite Western States Regional Federal Credit Union CA Paradise Valley Federal Credit Union
Oct 1, 2004 Klein Bank TX Amegy Bank National Association
Oct 1, 2004 Westview Savings Bank MD Suburban Federal Savings Bank
Oct 1, 2004 Twin Cities Federal Credit Union MI Honor Credit Union dba Honor Investment Services
Oct 1, 2004 Tex-US Credit Union TX Rave Financial Credit Union
Oct 1, 2004 Community Banks of the Rockies CO Community Banks of Colorado
Oct 1, 2004 Harborview Credit Union CT Dutch Point Credit Union
Oct 1, 2004 State Bank of Hudson SD Premier Bank
Oct 1, 2004 Bank One, Delaware, National Association DE Chase Bank USA, N.A.
Oct 1, 2004 Emmanuel Federal Credit Union PA Viriva Community Credit Union
Oct 1, 2004 Saint Linus Credit Union MI Polish-American Federal Credit Union
Oct 1, 2004 Sun Bank PA Omega Bank
Oct 1, 2004 Darco Employees Credit Union TX East Texas Professional Credit Union
Oct 1, 2004 Saint Peters Parish Credit Union MI T L C Community Credit Union
Oct 1, 2004 Community Banks of Southern Colorado CO Community Banks of Colorado
Oct 1, 2004 C S M Federal Credit Union CO Credit Union of Colorado, a Federal Credit Union
Oct 1, 2004 Tribview Federal Credit Union PA Elliott Community Federal Credit Union
Oct 1, 2004 Wilmington Newspaper Federal Credit Union DE Community Powered Federal Credit Union
Sep 30, 2004 Apco Federal Credit Union OH Pathways Financial Credit Union, Inc.
Sep 30, 2004 Northview Financial Corporation IL Wintrust Financial Corporation
Sep 30, 2004 Rogers Brothers Federal Credit Union PA Erie Times Employees Federal Credit Union
Sep 30, 2004 Cordan Federal Credit Union VA Piedmont Credit Union
Sep 30, 2004 Fellowship Church Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
Sep 30, 2004 GF Telco Federal Credit Union ND Northern Valley Federal Credit Union
Sep 28, 2004 The First National Bank of Unadilla NE Countryside Bank
Sep 22, 2004 Infitech, Inc. FL First National Bank of Pennsylvania
Sep 21, 2004 Bank of Sturgeon Bay Building Corp. WI Baylake Bank
Sep 21, 2004 Cornerstone Financial, Inc. WI Baylake Bank
Sep 19, 2004 First Farmers State Bank IN First Financial Bank, N.A.
Sep 18, 2004 Twin Lakes National Bank KS Southwest National Bank
Sep 18, 2004 Emprise Bank National Association KS Emprise Bank
Sep 18, 2004 Montana Armed Forces Credit Union MT Intrepid Credit Union
Sep 17, 2004 United Family Credit Union MI Unity Credit Union
Sep 17, 2004 Bartonville Bank IL Better Banks

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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