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 | Assets |
|---|---|---|
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Mar 19, 2004 | Reliance Bank | $28.6M |
| Mar 12, 2004 | Guaranty National Bank | $71.3M |
| Feb 14, 2004 | Dollar Savings Bank | $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 | Acquirer |
|---|---|---|
| Aug 23, 2004 | Bremer Bank, National Association | Bremer Bank, N.A. |
| Aug 23, 2004 | 1st Security Credit Union | Fox Communities Credit Union |
| Aug 21, 2004 | Morehead Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bancshares, Inc. | Whitney Holding Corporation |
| Aug 21, 2004 | Pocahontas Bankstock, Inc. | Mountain Home Bancshares, Inc. |
| Aug 21, 2004 | Mount Sterling Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bank | Whitney National Bank |
| Aug 21, 2004 | (unnamed) | Integrity First Bank, National Association |
| Aug 20, 2004 | (unnamed) | Advantage Bank |
| Aug 20, 2004 | Coquina Bank | Cypress Coquina Bank |
| Aug 20, 2004 | London Financial Corporation | Camco Financial Corporation |
| Aug 19, 2004 | Lumpkin County Bank | Gainesville Bank & Trust |
| Aug 18, 2004 | Peninsula Bank | Mercantile Peninsula Bank |
| Aug 18, 2004 | Farmers & Merchants Bank - Eastern Shore | Mercantile Peninsula Bank |
| Aug 14, 2004 | Servus Financial Corporation | Ibid, Inc. |
| Aug 13, 2004 | Premier Community Bank of South Florida | Colonial Bank |
| Aug 13, 2004 | Mercantile Bank Texas | State National Bank |
| Aug 13, 2004 | Random Lake Bancorp, Limited | Merchants Merger Corp. |
| Aug 12, 2004 | Eisenhower National Bank | Broadway National Bank |
| Aug 7, 2004 | Sobieski Bank | MFB Financial (The "Savings Bank") |
| Aug 7, 2004 | Trust Bank | East West Bank |
| Aug 2, 2004 | Saint Johns County Teachers Credit Union | Community First Credit Union of Florida |
| Aug 2, 2004 | Southern Heritage Bank | Gainesville Bank & Trust |
| Aug 2, 2004 | Southern Heritage Bancorp, Inc. | GB&T Bancshares, Inc. |
| Aug 2, 2004 | First Bank | Lincoln Bank |
| Aug 2, 2004 | Bayonne Postal Employees Credit Union | First Jersey Credit Union |
| Aug 2, 2004 | Carbon City Federal Credit Union | Allegacy Federal Credit Union |
| Aug 2, 2004 | Advantage Credit Union | Piedmont Advantage Credit Union |
| Aug 1, 2004 | UMB U.S.A., N.A. | UMB Bank, N.A. |
| Aug 1, 2004 | First Western Mortgage Services, Inc. | WestStar Bank |
| Aug 1, 2004 | Village Bank & Trust, S.S.B. | Prosperity Bank |
| Aug 1, 2004 | Winnebago Credit Union | Fox Communities Credit Union |
| Aug 1, 2004 | Metrocom Area Credit Union | Post Community Credit Union |
| Aug 1, 2004 | John T. Page Federal Credit Union | West Virginia Central Federal Credit Union |
| Aug 1, 2004 | Commerce Bank, National Association | Commerce Bank |
| Aug 1, 2004 | Burt County State Bank | Washington County Bank |
| Aug 1, 2004 | Insurance Services Federal Credit Union | Truchoice Federal Credit Union |
| Aug 1, 2004 | Go-Gulf Federal Credit Union | Complex Community Federal Credit Union |
| Aug 1, 2004 | The Commercial Bank of Demopolis | BankTrust |
| Aug 1, 2004 | United Community Bank | Limestone Bank, Inc. |
| Aug 1, 2004 | Pierce County Federal Credit Union | Sound Credit Union |
| Aug 1, 2004 | Dorsey Laboratories Federal Credit Union | Lincone Federal Credit Union |
| Aug 1, 2004 | Hercules Federal Credit Union | Community Powered Federal Credit Union |
| Aug 1, 2004 | Shermco Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2004 | Liberty Bank, SSB | Prosperity Bank |
| Aug 1, 2004 | Key Credit Union | St. Jean's Credit Union |
| Aug 1, 2004 | Salvaho Federal Credit Union | Premier Federal Credit Union |
| Aug 1, 2004 | Cbi-Illinois, Inc. | Cbi-Kansas, Inc. |
| Jul 31, 2004 | Beacon Credit Union, Inc. | Christian Family Credit Union, Inc. |
| Jul 31, 2004 | Allegiant Bank | National City Bank of the Midwest |
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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