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 |
|---|---|---|---|
| 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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