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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
Nov 20, 2004 CNA Trust Corporation CA Nevada Security Bank
Nov 20, 2004 Citizens Bank GA First Citizens Bank and Trust Company, Inc.
Nov 17, 2004 Orange Savings Bank of Texas, SSB TX Orange Savings Bank, SSB
Nov 15, 2004 Beth El Federal Credit Union NY Morton Lane Federal Credit Union
Nov 15, 2004 Chattahoochee National Bank GA First Capital Bank
Nov 15, 2004 Shenandoah County Credit Union VA Dupont Community Credit Union
Nov 13, 2004 Bank One, National Association OH JPMorgan Chase Bank, N.A.
Nov 13, 2004 First Carnegie Deposit PA Northwest Bank
Nov 13, 2004 Summit Community Bank WV Summit Community Bank, Inc
Nov 13, 2004 Bank One, National Association IL JPMorgan Chase Bank, N.A.
Nov 12, 2004 EverTrust Bank WA KeyBank N.A.
Nov 11, 2004 The First National Bank of Decatur IL Main Street Bank & Trust
Nov 8, 2004 Eastman Acquisition Holding Company OK Eastman National Bancshares, Inc.
Nov 8, 2004 Aflex Federal Credit Union NY Southern Chautauqua Federal Credit Union
Nov 6, 2004 Oakland State Bank IA Great Western Bank
Nov 6, 2004 Oak Bancorporation IA Great Western Bancorporation, Inc.
Nov 6, 2004 Security Bancorp IA Great Western Bancorporation, Inc.
Nov 6, 2004 Badin Employees Federal Credit Union NC Premier Federal Credit Union
Nov 6, 2004 Security State Bank IA Great Western Bank
Nov 6, 2004 First National Bank TX Austin Bank, Texas N.A.
Nov 3, 2004 Snake River Bancorp, Inc. ID Intermountain Community Bancorp
Nov 3, 2004 Magic Valley Bank ID Panhandle State Bank
Nov 1, 2004 BNY Trust Company of Missouri MO The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Doctors' Bancorp CA The Private Bank of California
Nov 1, 2004 Eagle National Bank GA United Community Bank
Nov 1, 2004 MidCountry Bank MN Midcountry Bank
Nov 1, 2004 Union Planters Holding Corporation TN Regions Financial Corporation
Nov 1, 2004 Evertrust Financial Group, Inc. WA KeyCorp
Nov 1, 2004 Bank of Texas Trust Company, N.A. TX Bank of Texas. National Association
Nov 1, 2004 Dillard National Bank AZ (unnamed)
Nov 1, 2004 Community First Technologies, Inc. ND Community First Bankshares, Inc.
Nov 1, 2004 Southtrust Corporation AL Wachovia Corporation
Nov 1, 2004 First Security Investment Services UT Ibid, Inc.
Nov 1, 2004 Chesterfield Federal Savings and Loan Association of Chicago IL Midamerica Bank, FSB
Nov 1, 2004 Number 1 Federal Credit Union GA Center Parc Credit Union
Nov 1, 2004 Rural American Bank-Montgomery/Lonsdale MN Frandsen Bank & Trust
Nov 1, 2004 Fox Point Credit Union WI Pioneer Credit Union
Nov 1, 2004 Century Diversified Federal Credit Union MN Hbi Employees Credit Union
Nov 1, 2004 The Bank of New York Trust Company, N.A. FL The Bank of New York Mellon Trust Company, N.A.
Nov 1, 2004 Protective Industrial Federal Credit Union AL Mutual Savings Credit Union
Nov 1, 2004 The Springfield Credit Union OH Ih Credit Union, Inc
Nov 1, 2004 Texas State Florists' Association Credit Union TX The Florist Federal Credit Union
Nov 1, 2004 Progress Credit Union IL Alero Financial Credit Union
Nov 1, 2004 Stephenville Bank and Trust Co. TX First Financial Bank, National Association
Nov 1, 2004 Montana Citizens Community Federal Credit Union MT Rocky Mountain Credit Union
Nov 1, 2004 New Boston Federal Credit Union MA Tremont Credit Union
Nov 1, 2004 Coeur D'Alene Teachers Credit Union ID Numerica Credit Union
Nov 1, 2004 Morton Employees Credit Union IL Access Credit Union
Nov 1, 2004 Chessie-Seaboard Employees Credit Union IL Fairmont Village Credit Union
Nov 1, 2004 Texas Crossroads Federal Credit Union TX Texas Dow Employees Credit Union

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

Enforcement Actions in 2004

Action date Agency Institution Action
Feb 1, 2004 OCC Americana National Bank Prohibition/Removal Orders: Lindeman, Jon R.
Feb 1, 2004 OCC Americana National Bank Civil Money Penalty (CMP): Lindeman, Jon R.
Jan 29, 2004 OCC The First National Bank of Southern Kansas Formal Agreement: The First National Bank of Southern Kansas
Jan 28, 2004 OCC Town-Country National Bank Formal Agreement: Town-Country National Bank
Jan 26, 2004 OCC Texas National Bank Formal Agreement: Mercedes National Bank
Jan 26, 2004 OCC_OTS (individual) Orders of Removal/Prohibition: Arena S. Baxter
Jan 15, 2004 OCC National Bank of Petersburg Formal Agreement: National Bank of Petersburg
Jan 14, 2004 OCC_OTS (individual) Civil Money Penalty: First State, FSB
Jan 9, 2004 OCC The First National Bank of West Union Formal Agreement: First National Bank of West Union, The
Jan 8, 2004 FRB Credit Agricole S.A. Consent Order: Credit Agricole, S.A., Paris France and Credit Lyonnais, S.A., Paris, France
Jan 8, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Bowers, Brenda D.
Jan 7, 2004 FRB James Monroe Bank Order of Prohibition and Order to Cease and Desist: Scott Smolinski

Browse adjacent years: 2003 · 2005

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