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