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