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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
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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