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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
Jul 31, 2004 St. Joseph of Kirkwood Employees Credit Union MO Health Care Family Credit Union
Jul 31, 2004 The Bank MO The Signature Bank
Jul 31, 2004 Brookwood Cattle Company MO Landrum Company
Jul 31, 2004 Continental Mortgage Corporation IL The San Francisco Company
Jul 31, 2004 Continental Community Bank and Trust Company IL First Bank
Jul 28, 2004 Hewitt Employees Credit Union, Inc. OH Day Air Credit Union, Inc.
Jul 28, 2004 The First National Bank of St. Mary's at Leonardtown MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Forest Hill State Bank MD Mercantile County Bank
Jul 28, 2004 St. Michaels Bank MD Mercantile Eastern Shore Bank
Jul 28, 2004 Van Deusen Bancorp, Inc. MN Van Deusen Bancorp, Inc.
Jul 28, 2004 Bank of Southern Maryland MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Peoples Bank of Maryland MD Mercantile Eastern Shore Bank
Jul 27, 2004 Eagle Point Federal Credit Union NJ Sun Federal Credit Union
Jul 25, 2004 First State Bank IN First Financial Bank, N.A.
Jul 24, 2004 First National Bank of Hinckley MN First National Bank of the North
Jul 24, 2004 Seacoast Financial Services Corporation MA Sovereign Bancorp, Inc.
Jul 24, 2004 Bank of Orange County CA Placer Sierra Bank
Jul 24, 2004 Compass Bank for Savings MA Santander Bank, N.A.
Jul 24, 2004 The Bank of Commerce KS The State Bank
Jul 23, 2004 Franklin National Bankshares, Inc. TX Triumph Financial, Inc.
Jul 23, 2004 Nantucket Bank MA Santander Bank, N.A.
Jul 22, 2004 FSFSB, National Association IL MB Financial Bank, National Association
Jul 19, 2004 Charter Bank and Trust Co. GA Bank of North Georgia
Jul 19, 2004 Mountain National Bank GA Bank of North Georgia
Jul 17, 2004 The First National Bank and Trust KS American State Bank & Trust Company
Jul 17, 2004 The Clyde Savings Bank Company OH Community First Bank & Trust
Jul 17, 2004 Bank of Jacomo MO Central Bank of the Midwest
Jul 17, 2004 Falmouth Co-operative Bank MA Rockland Trust Company
Jul 17, 2004 Mid-Continent Bancshares, Inc. MO First National Bancor, Inc.
Jul 17, 2004 American State Bancshares, Inc. KS American State Bancshares, Inc.
Jul 17, 2004 Indiana Lawrence Bank IN Community First Bank & Trust
Jul 16, 2004 CNB Florida Bancshares, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 CNB National Bank FL Mercantile Bank
Jul 16, 2004 Florida Banks, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 Centennial Bank Holdings, Inc. CO Guaranty Bancorp
Jul 16, 2004 Florida Bank, National Association FL Mercantile Bank
Jul 16, 2004 Bank of Kimberling City MO Metropolitan National Bank
Jul 15, 2004 Traylor Employees Federal Credit Union PA People First Federal Credit Union
Jul 15, 2004 BSB Bank & Trust Company NY Partners Trust Bank
Jul 15, 2004 First Sentinel Bancorp, Inc. NJ Provident Financial Services, Inc.
Jul 15, 2004 First Savings Bank NJ Provident Bank
Jul 12, 2004 Unite NY Unite Here
Jul 10, 2004 First State Bank WI Waumandee State Bank
Jul 10, 2004 Humboldt Bank CA Columbia Bank
Jul 10, 2004 First Financial Bank KY 1st Independence Bank
Jul 10, 2004 Independence Bancorp IN 1st Independence Financial Group, Inc.
Jul 10, 2004 Humboldt Bancorp CA Umpqua Holdings Corporation
Jul 10, 2004 Fgi Frankfurter Gesellschaft Fur Industriewerte MBH — Dresdner Bank Aktiengesellschaft
Jul 9, 2004 The Community Bank of New Jersey NJ Sun National Bank
Jul 9, 2004 Community Bancorp of New Jersey NJ Sun Bancorp, Inc

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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