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
Sep 16, 2004 Beekmantown Central School Federal Credit Union NY Dannemora Federal Credit Union
Sep 16, 2004 CB Bancshares, Inc. HI Central Pacific Financial Corp.
Sep 15, 2004 Engelhard Employees Credit Union GA Georgia Guard Credit Union
Sep 11, 2004 The Whaples and Farmers State Bank IL Community State Bank
Sep 11, 2004 The Canaan National Bank CT Salisbury Bank and Trust Company
Sep 11, 2004 Leeds Federal Savings Bank MD Northwest Bank
Sep 11, 2004 Guaranty Bank VA Atlantic Union Bank
Sep 9, 2004 Lynchburg Appalachian Employees Credit Union VA Beacon Credit Union Incorporated
Sep 4, 2004 Southern Community Bank of Central Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bank of South Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bank of Southwest Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bancorp FL First National Bankshares of Florida, Inc.
Sep 3, 2004 State Bank of Loretto MN 21st Century Bank
Sep 2, 2004 Sweca Federal Credit Union LA Barksdale Federal Credit Union
Sep 2, 2004 Ocjcc Federal Credit Union PA Northwood Federal Credit Union
Sep 1, 2004 Rocky Mount Postal Credit Union NC First Carolina People's Credit Union
Sep 1, 2004 GBC Florida, Inc. KS GBC Kansas, Inc.
Sep 1, 2004 VFW Credit Union MO Pentagon Federal Credit Union
Sep 1, 2004 Quaker City Bancorp, Inc. CA Popular North America, Inc.
Sep 1, 2004 Western Ohio Financial Corporation OH WesBanco, Inc.
Sep 1, 2004 Colonial Trust Company AZ Arizona Bank & Trust
Sep 1, 2004 Colonial Trust Company AZ Happy State Bank
Sep 1, 2004 Charter One Financial, Inc. OH Citizens Financial Group, Inc.
Sep 1, 2004 Delaware Trust Capital Management, Inc. DE Wells Fargo Delaware Trust Company, N.A.
Sep 1, 2004 Gold Bank FL Gold Bank
Sep 1, 2004 Somerset Bancshares Corporation, Inc. TX Vision Bancshares, Inc.
Sep 1, 2004 Banco Atlantico, S.A. — Banco de Sabadell, S.A.
Sep 1, 2004 Huntington Va Federal Credit Union WV Star USA Federal Credit Union
Sep 1, 2004 Wyoming's First Federal Credit Union WY Reliant Federal Credit Union
Sep 1, 2004 Quaker City Bank CA Popular Bank
Sep 1, 2004 Cornerstone Bank OH WesBanco Bank, Inc.
Sep 1, 2004 Local 72 Electricians Federal Credit Union TX Members Choice of Central Texas Federal Credit Union
Sep 1, 2004 Community National Bank IL MidCountry Bank
Sep 1, 2004 Oaktree Federal Credit Union TX Houston Federal Credit Union
Sep 1, 2004 Northern Virginia Postal Employees Federal Credit Union VA U S Postal Service Federal Credit Union
Sep 1, 2004 Wheat Street Church Federal Credit Union GA Credit Union of Atlanta
Sep 1, 2004 Cumberland Bank TN Cumberland Bank
Sep 1, 2004 Hospitality USA Credit Union AZ Alero Financial Credit Union
Sep 1, 2004 Nome Federal Credit Union LA Gte Federal Credit Union dba Gte Financial
Sep 1, 2004 N&W Madison Federal Credit Union IL Revity Credit Union
Aug 31, 2004 Huntley Community Credit Union IL McHenry County Federal Credit Union
Aug 31, 2004 Vandalia Correctional Center Credit Union IL Land of Lincoln Credit Union
Aug 31, 2004 Buena Park City Employees Federal Credit Union CA Orange County's Federal Credit Union
Aug 31, 2004 Educators Credit Union GA Georgia United Credit Union
Aug 31, 2004 Richmond Standard Employees Credit Union CA Chevron Federal Credit Union
Aug 30, 2004 St. Anne Mercy Federal Credit Union OH Sun Federal Credit Union
Aug 28, 2004 United Nebraska Bank NE Tierone Bank
Aug 28, 2004 Landmark Bank, National Association TX Landmark Bank, National Association
Aug 27, 2004 U.S. Baird Employees Credit Union CT McKesson Federal Credit Union
Aug 26, 2004 Citizens Bank NM Citizens 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

Browse adjacent years: 2003 · 2005

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