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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 8, 2004 Postal Employees Credit Union NY Sunmark Credit Union
Jul 8, 2004 Advest Bank and Trust Company CT Frontier Trust Company, FSB
Jul 8, 2004 The Citizens State Bank, Liberal, Kansas KS Sunflower Bank, N.A.
Jul 7, 2004 Wabeno Bancorporation, Inc. WI Tomah Bancshares, Inc.
Jul 3, 2004 Franklin Bank, a Federal Savings Bank MI First Place Bank
Jul 3, 2004 First Federal Savings & Loan Association LA Teche Federal Bank
Jul 3, 2004 Premier Community Bank of Southwest Florida FL Colonial Bank
Jul 2, 2004 Burning Mountain Credit Union CO Western Rockies Federal Credit Union
Jul 2, 2004 The Second National Bank of Warren OH SKY Bank
Jul 1, 2004 St. Patricks Spangler Federal Credit Union PA G.A.P. Federal Credit Union
Jul 1, 2004 Pennsco Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 2004 Apple Valley Credit Union WA Gesa Credit Union
Jul 1, 2004 C I P S Employees Federal Credit Union IL Midwest America Federal Credit Union
Jul 1, 2004 Tri-Health Federal Credit Union OH General Electric Credit Union
Jul 1, 2004 City of Salem Employees Federal Credit Union VA Freedom First Federal Credit Union
Jul 1, 2004 Asbury Park Federal Credit Union NJ First Financial Federal Credit Union
Jul 1, 2004 Dairypak Employees Federal Credit Union TX MY Credit Union
Jul 1, 2004 Verizon Employees Federal Credit Union CA Orange County's Federal Credit Union
Jul 1, 2004 McTea Federal Credit Union GA Mea Federal Credit Union
Jul 1, 2004 Saint Michael Independence Federal Credit Union OH Oc Federal Credit Union
Jul 1, 2004 Watertown Rubber Workers Federal Credit Union SD Sioux Valley Cooperative Federal Credit Union
Jul 1, 2004 San Angelo TWC Credit Union TX Concho Valley Credit Union
Jul 1, 2004 Gentel Federal Credit Union PA Galaxy Federal Credit Union
Jul 1, 2004 The Farmers National Bank of Winfield IA Pilot Grove Savings Bank
Jul 1, 2004 Upper Valley Federal Credit Union OH Heartland Federal Credit Union
Jul 1, 2004 First National Bank of Colorado Springs CO Bank of Colorado
Jul 1, 2004 Neville Chemcial Company Employees Federal Credit Union PA Clearview Federal Credit Union
Jul 1, 2004 Spartanburg Educators Federal Credit Union SC Founders Federal Credit Union
Jul 1, 2004 Galveston County Federal Credit Union TX Openland Credit Union
Jul 1, 2004 Fond Du Lac Telco Credit Union WI Fond Du Lac Credit Union
Jul 1, 2004 Merrow Machine Employee Federal Credit Union CT Nutmeg State Financial Credit Union
Jul 1, 2004 Mobile Coast Guard Federal Credit Union AL All in Federal Credit Union
Jul 1, 2004 Lakeland Community Credit Union WI Iron County Community Credit Union
Jul 1, 2004 Iberia Medical Center Federal Credit Union LA Maple Federal Credit Union
Jul 1, 2004 First National Bank of Gaylord MI Independent Bank
Jul 1, 2004 Bi-County Catholic Credit Union MI Bi-County PTC Federal Credit Union
Jul 1, 2004 Newton Financial Corporation NJ Lakeland Bancorp, Inc.
Jul 1, 2004 Bank One Corporation IL JPMorgan Chase & Co.
Jul 1, 2004 Provident Financial Group, Inc. OH National City Corporation
Jul 1, 2004 Regions Financial Corporation AL Regions Financial Corporation
Jul 1, 2004 Union Planters Corporation TN Regions Financial Corporation
Jul 1, 2004 Second Bancorp, Incorporated OH SKY Financial Group, Inc.
Jul 1, 2004 North Bancorp, Inc. MI Independent Bank Corporation
Jul 1, 2004 Kirkpatrick Pettis Trust Company NE Security National Bank of Omaha
Jul 1, 2004 HSBC Bank & Trust Company (Delaware), N.A. DE HSBC Bank USA, N.A.
Jul 1, 2004 First State, FSB KY First State Bank of the Southeast, Inc
Jul 1, 2004 Renasant Bancshares Inc TN Peoples Merger Corporation
Jun 30, 2004 T-C Japanese American Citizens League Credit Union MN National J.A.C.L. Credit Union
Jun 30, 2004 Bank of America Technology and Operations, Inc. NC Bank of America, N.A.
Jun 30, 2004 Bakery Drivers Salesmen LOCAL#51 Credit Union MI Teamsters Credit Union

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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