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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 1, 2004 U. A. L. U. #159 Credit Union CA Ibew Members + Credit Union
Nov 1, 2004 S P Federal Credit Union LA Coastland Federal Credit Union
Oct 31, 2004 Vilter Credit Union WI Prime Financial Credit Union
Oct 31, 2004 Philadelphia Postal Workers Credit Union PA Eagle One Federal Credit Union
Oct 30, 2004 Riverton Community Bank IL INB, N.A.
Oct 30, 2004 First Federal Savings & Loan Association of Allen Parish LA First Federal Bank of Louisiana
Oct 30, 2004 Ail Federal Credit Union NY Fourleaf Federal Credit Union
Oct 30, 2004 First Medical Credit Union CO Community Choice Credit Union
Oct 30, 2004 Bank of Washtenaw MI Fidelity Bank
Oct 29, 2004 Tritten Bancshares, Inc. MO Maries County Bancorp., Inc.
Oct 28, 2004 Jackson Federal Bank CA MUFG Union Bank, National Association
Oct 28, 2004 P & P U Employees Federal Credit Union IL Cooperative Choice Network Credit Union
Oct 27, 2004 Evangeline Parish Federal Credit Union LA Onpath Federal Credit Union
Oct 25, 2004 Carta Employees Credit Union TN Southern Cu
Oct 23, 2004 Citizens Bank KY The Farmers Bank and Trust Company of Georgetown, Kentucky
Oct 23, 2004 Oil Capital Community Credit Union OK Oklahoma Central Credit Union
Oct 20, 2004 Quick & Reilly/Fleet Securities, Inc. RI NB Holdings Corporation
Oct 20, 2004 Unionfinancial Services & Trust Company IL Centrue Bank
Oct 20, 2004 Buhl Bancorporation, Inc. MN Timberland Bancorp
Oct 18, 2004 The Community Bank NC Southern Community Bank and Trust
Oct 16, 2004 The National Bank of Madisonville TX First National Bank of Huntsville
Oct 16, 2004 Vision Bank, FSB FL Vision Bank
Oct 16, 2004 Greater Atlanta Catholic Federal Credit Union GA Georgia United Credit Union
Oct 16, 2004 Farmers & Merchants Bank GA Capital City Bank
Oct 15, 2004 Town Bankshares, Ltd. WI Wintrust Financial Corporation
Oct 11, 2004 Plainwell Community Federal Credit Union MI Advia Credit Union
Oct 9, 2004 The First National Bank of Slippery Rock PA First National Bank of Pennsylvania
Oct 9, 2004 (unnamed) — Oak Hill Banks
Oct 9, 2004 Slippery Rock Financial Corporation PA F.N.B. Corporation
Oct 9, 2004 FNB Financial Corporation OH Civista Bancshares, Inc
Oct 9, 2004 Raymond Bancshares, Inc. MN Heritage Bancshares Group, Inc.
Oct 9, 2004 Farmers' State Bank of Raymond MN Heritage Bank, N.A.
Oct 9, 2004 The First National Bank of Shelby OH First Citizens Bank
Oct 9, 2004 First Community Bank and Trust IN MainSource Bank
Oct 5, 2004 Wayne Bancorp, Inc. OH National City Corporation
Oct 2, 2004 Worthington Industries, Inc. Federal Credit Union OH Bmi Federal Credit Union
Oct 2, 2004 The Warwick Savings Bank NY Sterling National Bank
Oct 2, 2004 The Warwick Commercial Bank NY Provident Municipal Bank
Oct 2, 2004 Dutchfork Bancshares, Inc. SC First Community Corporation
Oct 2, 2004 The Towne Center Bank NJ Sterling National Bank
Oct 2, 2004 Lamar Delaware Financial Corporation DE Midsouth Bancorp, Inc.
Oct 2, 2004 Lamar Bancshares, Inc. TX Midsouth Bancorp, Inc.
Oct 2, 2004 Ua Local 106 Federal Credit Union LA Access of Louisiana Federal Credit Union
Oct 2, 2004 Yat Employees Credit Union TN Foothills Federal Credit Union
Oct 2, 2004 Newberry Federal Savings Bank SC First Community Bank
Oct 2, 2004 Cuyamaca Bank, National Association CA Community National Bank
Oct 1, 2004 The Madison Bank PA Vist Bank
Oct 1, 2004 Encino State Bank CA First Private Bank & Trust
Oct 1, 2004 Klein Bancshares of Delaware, Inc. DE Amegy Holding Delaware, Inc.
Oct 1, 2004 Key Bank USA, N.A. OH KeyBank N.A.

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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