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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
Dec 31, 2004 The Business Bank LA Cadence Bank
Dec 31, 2004 Business Holding Corporation LA Bancorpsouth, Inc.
Dec 31, 2004 Financial National Electronic Transfer, Inc. KY First Citizens Bank
Dec 31, 2004 Highview Trust Company PA Commercial Bank & Trust of PA
Dec 31, 2004 Ameriserv Financial Services Corporation PA Ameriserv Financial Bank
Dec 31, 2004 Premier Bancorp, Inc. TN Bancorpsouth, Inc.
Dec 31, 2004 Premier Bank of Brentwood TN Cadence Bank
Dec 31, 2004 Whitewater Investment, Inc. WI First Citizens State Bank
Dec 31, 2004 Palmyra Investments, Inc. WI Palmyra State Bank
Dec 31, 2004 Cashton Bancshares, Inc. WI Eagle Bancshares, Inc.
Dec 31, 2004 Congress Financial Corporation (Southwest) TX Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Southern) GA Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation NY Wachovia Bank, N.A.
Dec 31, 2004 Congress Financial Corporation (Florida) FL Wachovia Bank, N.A.
Dec 31, 2004 CSB Bancorp., Inc. KS Community State Bank
Dec 31, 2004 Galesburg Postal Credit Union IL Gale Credit Union
Dec 31, 2004 Advance Financial Savings Bank, FSB WV Parkvale Savings Bank
Dec 31, 2004 Manufacturer's Association Employer/Employee Federal Credit Union PA Widget Federal Credit Union
Dec 31, 2004 Headco Industries Federal Credit Union IL Access Credit Union
Dec 31, 2004 First Federal Savings Bank of Eastern Ohio OH Century National Bank
Dec 31, 2004 Red Cedar Bank National Association WI Peoples State Bank of Plainview
Dec 31, 2004 Duluth News Tribune Employees Credit Union MN Minnesota Power Employees Credit Union
Dec 31, 2004 Electra Motors Employees Federal Credit Union CA Interstate Federal Credit Union
Dec 31, 2004 Pisgah, Inc. SC First-Citizens Bank & Trust Company
Dec 31, 2004 Nantahala, Inc. SC First-Citizens Bank & Trust Company
Dec 30, 2004 Main Street Financial Services Corp. WI American Bank
Dec 30, 2004 Pine State Bancshares, Inc. AR Centennial Bancshares, Inc
Dec 30, 2004 North Linn Corporation IA Linn County State Bank
Dec 30, 2004 The First National Bank of Clifton IL The First Trust and Savings Bank of Watseka
Dec 29, 2004 F.N.B. Building Corporation PA F.N.B. Corporation
Dec 28, 2004 Central of Georgia Federal Credit Union GA Regional Members Federal Credit Union
Dec 28, 2004 Central Bank Fulton IL Central Bank Illinois
Dec 23, 2004 Yankee Doodle Federal Credit Union NY Capital Communications Federal Credit Union
Dec 22, 2004 Stockton Employees Credit Union IL Dupaco Community Credit Union
Dec 20, 2004 Oil Region Federal Credit Union PA New Directions Community Credit Union
Dec 18, 2004 P C D Bell Federal Credit Union OK Cherokee Strip Credit Union
Dec 17, 2004 Henry Street Settlement Federal Credit Union NY Lower East Side People's Federal Credit Union
Dec 16, 2004 West Liberty Holding Company IA Cornerstone Financial Services Group, Inc.
Dec 16, 2004 Walker Parkersburg Employees Federal Credit Union WV One Community Federal Credit Union
Dec 16, 2004 Chautauqua Employees Associations Federal Credit Union NY Greater Chautauqua Federal Credit Union
Dec 12, 2004 The State Bank of Allerton IL Philo Exchange Bank
Dec 11, 2004 Franklin Financial Group Incorporated TN Regions Financial Corporation
Dec 11, 2004 Union Planters Bank of the Lakeway Area TN Union Planters Bank, National Association
Dec 11, 2004 Bank of Lodi, N.A. CA Placer Sierra Bank
Dec 11, 2004 Savings Bank & Trust OH National City Bank
Dec 11, 2004 The Wayne County National Bank of Wooster OH National City Bank
Dec 11, 2004 First Financial Bancorp CA Placer Sierra Bancshares
Dec 10, 2004 Farmers Bank of Portageville MO First State Bank and Trust Company, Inc.
Dec 9, 2004 LSB Holding Company WI Rural Bancshares of Wisconsin, Inc.
Dec 9, 2004 The First National Bank MO Metropolitan National Bank

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
Mar 22, 2004 OCC_OTS (individual) Supervisory Agreement: Washington Savings Bank, FSB
Mar 19, 2004 FRB The Planters National Bank and Trust Company Written Agreement: Planters Bank and Trust Company, Staunton, VA
Mar 19, 2004 FRB Virginia Heartland Bank Written Agreement: Virginia Heartland Bank, Fredericksburg, VA
Mar 18, 2004 OCC_OTS Century Bank a FSB Termination of Cease and Desist: Barry W. Florescue
Mar 17, 2004 OCC_OTS Allied Houston Bank Orders of Removal/Prohibition: Diane L. Wall
Mar 17, 2004 OCC Hamilton Bank, N.A. Civil Money Penalty (CMP): Martinez, Adolfo
Mar 17, 2004 OCC_OTS Greater South Texas Bank Cease and Desist: Greater South Texas Bank, FSB
Mar 17, 2004 OCC Hamilton Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Martinez, Adolfo
Mar 15, 2004 OCC Bank of America Corporation Prohibition/Removal Orders: Maxwell, Aja Simone
Mar 15, 2004 OCC Bank of America Corporation C&D or PC&D Requiring Restitution: Maxwell, Aja Simone
Mar 15, 2004 OCC Wells Fargo Bank, N.A. C&D or PC&D Requiring Restitution: Stewart, Charles Clay
Mar 15, 2004 OCC The Lake Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Lake Bank, National Association
Mar 15, 2004 FRB Midwest Banc Holdings, Inc. Written Agreement: Midwest Banc Holdings, Inc., Melrose Park, IL and Midwest Bank and Trust …
Mar 15, 2004 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Stewart, Charles Clay
Mar 12, 2004 OCC_OTS Guardian Bancshares, Inc. Cease and Desist: Robert F. Parker
Mar 10, 2004 OCC_OTS Central Kentucky Federal Savings Bank Civil Money Penalty: Central Kentucky Federal Savings Bank
Mar 9, 2004 FRB (individual) Civil Money Penalty $8,000,000: Credit Agricole, S.A., Paris, France, Credit Agricole Indosuez, Paris, France, …
Mar 9, 2004 FRB (individual) Cease and Desist Order: Credit Agricole, S.A., Paris, France, Credit Agricole Indosuez, Paris, France, …
Mar 4, 2004 OCC_OTS Prestige Bank, A Federal Savings Bank Orders of Removal/Prohibition: John A. Stiver
Mar 4, 2004 OCC_OTS Prestige Bank, A Federal Savings Bank Civil Money Penalty: John A. Stiver
Mar 4, 2004 OCC_OTS Central Federal Savings and Loan Association Cease and Desist: Greg L. Diaz
Mar 4, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Barrett, Kimberly J.
Mar 4, 2004 OCC_OTS Central Federal Savings and Loan Association Orders of Removal/Prohibition: Greg L. Diaz
Feb 26, 2004 OCC_OTS Logansport Savings Bank Orders of Removal/Prohibition: Mark E. DeBarge
Feb 26, 2004 OCC_OTS Carrollton Federal Bank Civil Money Penalty: Carrollton Federal Bank
Feb 26, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Brooks, Calvin
Feb 26, 2004 OCC Guaranty National Bank of Tallahassee Prohibition/Removal Orders: Brooks, Calvin
Feb 25, 2004 OCC_OTS Sobieski Bank Cease and Desist: Sobieski Bancorp, Inc.
Feb 24, 2004 FRB Cowboy State Bancorp, Inc. Cease and Desist Order: Cowboy State Bancorp, Inc., Ranchester, WY and Cowboy State Bank, …
Feb 24, 2004 OCC First National Bank of Jasper Prohibition/Removal Orders: Ellis, Jamie
Feb 23, 2004 OCC_OTS Fort Lee Federal Savings Bank, FSB Supervisory Agreement: Fort Lee Savings Bank, FSB
Feb 20, 2004 OCC U.S. Bank N.A. Prohibition/Removal Orders: Brown, Jernika N.
Feb 20, 2004 OCC Modern Bank, N.A. Prohibition/Removal Orders: Nasser, Ezequiel Edmond
Feb 20, 2004 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: de Keyser, Ralph J.
Feb 18, 2004 OCC New York National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New York National Bank
Feb 18, 2004 OCC_OTS (individual) Termination of Prohibition: Sally M. Reynosa
Feb 17, 2004 OCC Americana National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Americana National Bank
Feb 17, 2004 OCC Hamilton Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bingham, J. Reid
Feb 17, 2004 OCC Hamilton Bank, N.A. Civil Money Penalty (CMP): Bingham, J. Reid
Feb 17, 2004 OCC First National Bank of Jasper Prohibition/Removal Orders: Wolford, Lisa
Feb 17, 2004 OCC Hamilton Bank, N.A. C&D or PC&D Requiring Restitution: Bingham, J. Reid
Feb 13, 2004 FRB The Custar State Bank Written Agreement: The Custar State Bank, Custar, OH
Feb 13, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Dollar Savings Bank
Feb 13, 2004 OCC_OTS Middlesex Federal Savings, F.A. Cease and Desist: Middlesex Federal Savings
Feb 13, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Robert DeMane
Feb 9, 2004 OCC The First National Bank of Newman Grove Formal Agreement: The First National Bank of Newman Grove
Feb 5, 2004 FRB The Hocking Valley Bank Civil Money Penalty $9,500.: Hocking Valley Bank, Athens, OH
Feb 4, 2004 FRB Credit Lyonnais Cease and Desist Order: Dominique Bazy
Feb 3, 2004 OCC Centennial National Bank Formal Agreement: Centennial National Bank
Feb 1, 2004 OCC Americana National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lindeman, Jon R.

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