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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 6, 2004 HCB Bancorp, Inc. WA Security State Corporation
Dec 6, 2004 Harbor Community Bank WA Security State Bank
Dec 4, 2004 Community First Bankshares, Inc. ND Bank of the West
Dec 4, 2004 Peoples Bank of Polk County TN SimplyBank.
Dec 4, 2004 Community First National Bank ND Bank of the West
Dec 4, 2004 Cedar Creek Bank TX Franklin Bank, S.S.B.
Dec 4, 2004 Bank of Dyer TN The Farmers & Merchants Bank
Dec 4, 2004 Bank of Amador CA American River Bank
Dec 4, 2004 UMB Bank Omaha, National Association NE UMB Bank, N.A.
Dec 4, 2004 Community First Financial, Inc. ND Bank of the West
Dec 4, 2004 First City Bank CT Webster Bank, N.A.
Dec 3, 2004 Med Com Federal Credit Union GA Membersfirst Credit Union
Dec 3, 2004 The Pennsylvania State Banking Company PA Sterling Financial Corporation
Dec 3, 2004 Prospect Bank OH SKY Bank
Dec 2, 2004 Priority One Credit Union TX Resource One Credit Union
Dec 1, 2004 Golden Flake Credit Union AL Avadian Credit Union
Dec 1, 2004 Pointpathbank, N.A. GA Peachtree National Bank
Dec 1, 2004 Citizens Bancshares, Inc. FL Ameris Bancorp
Dec 1, 2004 First Bradenton Bank FL First National Bank of Florida
Dec 1, 2004 Liberty National Bancshares, Inc. GA United Community Banks, Inc.
Dec 1, 2004 First Union Direct Bank, N.A. GA Wachovia Bank, N.A.
Dec 1, 2004 Yutan Bancorp., Inc. NE First State Holding Co.
Dec 1, 2004 Hickman Corporation NE First State Holding Co.
Dec 1, 2004 Hillside Investors, Ltd. IL The San Francisco Company
Dec 1, 2004 Republic Steel Workers Federal Credit Union OH Stark Federal Credit Union
Dec 1, 2004 CIB Bank IL First Bank
Dec 1, 2004 Oceana School Employees Credit Union MI Family Financial Credit Union
Dec 1, 2004 Local 2-149 Pace Federal Credit Union NJ Community Financial Services Federal Credit Union
Dec 1, 2004 Zurn Employees Federal Credit Union PA Tendto Federal Credit Union
Dec 1, 2004 Compact Credit Union NC First Legacy Community Credit Union
Dec 1, 2004 First National Bank TX First Financial Bank, National Association
Dec 1, 2004 Rowan Savings Bank, SSB, Inc. NC Communityone Bank, National Association
Dec 1, 2004 Kemba Credit Union MI Kemba Financial Credit Union, Inc.
Dec 1, 2004 Greenline Federal Credit Union OH Sun Center Federal Credit Union
Dec 1, 2004 Western Avenue Federal Credit Union CA Golden West Cities Federal Credit Union
Dec 1, 2004 Ams Credit Union VA Apple Federal Credit Union
Nov 30, 2004 Canton E O G Federal Credit Union OH Dominion Energy Credit Union
Nov 30, 2004 Prospect Bancshares, Inc. OH SKY Financial Group, Inc.
Nov 30, 2004 Independent Management Group II, Inc NV Community South Bank
Nov 30, 2004 Bantam Employees Credit Union IA Cedar Falls Community Credit Union
Nov 30, 2004 Insouth Investments Inc NV Insouth Bank
Nov 30, 2004 First Ada Bancshares, Inc. OK Vision Bancshares, Inc.
Nov 30, 2004 Magnolia Healdton Federal Credit Union OK Southwest Oklahoma Federal Credit Union
Nov 30, 2004 Resource Conservation Federal Credit Union OR Oregonians Credit Union
Nov 24, 2004 Franklin Bank of California CA Cass Commercial Bank
Nov 23, 2004 Mann Road, Inc. TX International Bancshares Corporation
Nov 22, 2004 Americana National Bank MN American Bank of St. Paul
Nov 20, 2004 Nobles Agency, Inc. MN First National Bancorp, Inc.
Nov 20, 2004 Eustis Bancshares, Inc. NE Midwest Banco Corporation
Nov 20, 2004 Farmers State Bank NE Waypoint Bank

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

Enforcement Actions in 2004

Action date Agency Institution Action
Dec 29, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Orders of Removal/Prohibition: William C. Mastre
Dec 29, 2004 OCC_OTS (individual) Civil Money Penalty: William C. Mastre
Dec 24, 2004 OCC_OTS Superior Bank, Federal Savings Bank Cease and Desist: Ernst & Young LLP
Dec 23, 2004 OCC Whitney National Bank Prohibition/Removal Orders: Ranostaj, David A.
Dec 23, 2004 OCC Whitney National Bank Civil Money Penalty (CMP): Ranostaj, David A.
Dec 22, 2004 OCC_OTS Guaranty Bank Cease and Desist: Guaranty Bank
Dec 21, 2004 OCC_OTS (individual) Civil Money Penalty: First Federal Bank, a FSB
Dec 21, 2004 OCC JGB Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eagle National Bank of Miami
Dec 20, 2004 FRB Prineville Bancorporation Written Agreement: Prineville Bancorporation, Prineville, OR and Community First Bank, Prineville, OR
Dec 20, 2004 OCC_OTS AnchorBank, FSB Civil Money Penalty: AnchorBank, fsb
Dec 20, 2004 OCC U.S. Bank National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eritsyan, Flora
Dec 17, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Asia Bank, N.A.
Dec 16, 2004 OCC The National Bank of North East Formal Agreement: The National Bank of North East
Dec 16, 2004 OCC Community First Bank, National Association Formal Agreement: Community First Bank, National Association
Dec 15, 2004 OCC_OTS First Federal Bank Cease and Desist: First Federal Bank
Dec 15, 2004 OCC Metropolitan Bank & Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metropolitan Bank and Trust Company
Dec 15, 2004 OCC Progressive Bank, N.A. Formal Agreement: Progressive Bank, National Association
Dec 14, 2004 OCC Bank of Indiana, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Dana
Dec 10, 2004 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Vorada Silivongxay
Dec 8, 2004 OCC_OTS Peru Federal Savings Bank Civil Money Penalty: Peru Federal Savings Bank
Dec 6, 2004 OCC_OTS (individual) Civil Money Penalty: First Federal SB of Eastern OH
Dec 2, 2004 OCC_OTS High Country Bank Supervisory Agreement: High Country Bank
Nov 30, 2004 OCC Sinclair National Bank C&D or PC&D Requiring Restitution: Sinclair National Bank
Nov 30, 2004 OCC Sinclair National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sinclair National Bank
Nov 18, 2004 FRB Ameribanc Holdings Cease and Desist Order: Ameribanc Holdings, Inc., Durango, CO and The Bank of Durango, …
Nov 18, 2004 OCC The First National Bank of Paonia Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Paonia
Nov 18, 2004 OCC The Stewardson National Bank Civil Money Penalty (CMP): Richards, John
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Celestino Diaz
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Ricardo A. Montero
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: David J. Osio
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: DataPro, Inc.
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Celestino Diaz
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: David J. Osio
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Ricardo A. Montero
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Vaduz Financial Group
Nov 16, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: DataPro, Inc.
Nov 16, 2004 OCC_OTS Dollar Savings Bank Cease and Desist: Vaduz Financial Group
Nov 15, 2004 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Poulsen, Dennis Shane
Nov 15, 2004 OCC_OTS First Federal of the South Civil Money Penalty: Donald C. Stroup
Nov 15, 2004 OCC_OTS First Federal of the South Cease and Desist: Donald C. Stroup
Nov 15, 2004 OCC_OTS Jarrettsville Federal Savings and Loan Association Cease and Desist: Jarrettsville Federal S&LA
Nov 15, 2004 FRB Kenco Bancshares, Inc. Cease and Desist Order: Thomas C. Darden
Nov 15, 2004 FRB Five Points Bank Civil Money Penalty $10,000: Five Points Bank, Grand Island, NE
Nov 15, 2004 FRB Cumberland Bank Civil Money Penalty $3,250: Cumberland Bank, Franklin, TN
Nov 10, 2004 OCC SoFi Bank, N.A. Formal Agreement: Gold Country Bank, National Association
Nov 9, 2004 OCC The First National Bank of Waverly Formal Agreement: The First National Bank of Waverly
Nov 5, 2004 OCC The First National Bank of St. Marys Civil Money Penalty (CMP): Turner, Rick D.
Nov 4, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Crews, Joseph
Nov 4, 2004 OCC Integra Bank N.A. C&D or PC&D Requiring Restitution: Stull, Brian
Nov 4, 2004 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Thorn, Albert

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