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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
Oct 1, 2004 Greenpoint Financial Corp. NY North Fork Bancorporation, Inc.
Oct 1, 2004 Guaranty National Bancshares, Inc. DE Texas United Nevada, LLC
Oct 1, 2004 GNB Bancshares, Inc. TX Texas United Bancshares, Inc.
Oct 1, 2004 Madison Bancshares Group, Ltd. PA Vist Financial Corp.
Oct 1, 2004 Kewaunee County Banc-Shares, Inc. WI Baylake Corp.
Oct 1, 2004 First Polk Bankshares, Inc. GA Southcrest Financial Group, Inc.
Oct 1, 2004 Sun Bancorp, Inc. PA Omega Financial Corporation
Oct 1, 2004 Klein Bancshares, Inc. TX Amegy Holding Delaware, Inc.
Oct 1, 2004 National Commerce Financial Corporation TN Suntrust Banks, Inc.
Oct 1, 2004 Oak Forest Credit Union IL South Division Credit Union
Oct 1, 2004 Howard Savings Bank IL Edens Bank
Oct 1, 2004 Tarrant Affliliated Contractors Credit Union TX Family 1st of Texas Federal Credit Union
Oct 1, 2004 Dot District 2 Credit Union FL Florida Department of Transportation Credit Union
Oct 1, 2004 Frankfort Federal Employees Federal Credit Union KY Expree Credit Union
Oct 1, 2004 Corsicana Municipal Employees Credit Union TX Navarro Credit Union
Oct 1, 2004 Diakonia Credit Union CO Security Service Federal Credit Union
Oct 1, 2004 Unite Western States Regional Federal Credit Union CA Paradise Valley Federal Credit Union
Oct 1, 2004 Klein Bank TX Amegy Bank National Association
Oct 1, 2004 Westview Savings Bank MD Suburban Federal Savings Bank
Oct 1, 2004 Twin Cities Federal Credit Union MI Honor Credit Union dba Honor Investment Services
Oct 1, 2004 Tex-US Credit Union TX Rave Financial Credit Union
Oct 1, 2004 Community Banks of the Rockies CO Community Banks of Colorado
Oct 1, 2004 Harborview Credit Union CT Dutch Point Credit Union
Oct 1, 2004 State Bank of Hudson SD Premier Bank
Oct 1, 2004 Bank One, Delaware, National Association DE Chase Bank USA, N.A.
Oct 1, 2004 Emmanuel Federal Credit Union PA Viriva Community Credit Union
Oct 1, 2004 Saint Linus Credit Union MI Polish-American Federal Credit Union
Oct 1, 2004 Sun Bank PA Omega Bank
Oct 1, 2004 Darco Employees Credit Union TX East Texas Professional Credit Union
Oct 1, 2004 Saint Peters Parish Credit Union MI T L C Community Credit Union
Oct 1, 2004 Community Banks of Southern Colorado CO Community Banks of Colorado
Oct 1, 2004 C S M Federal Credit Union CO Credit Union of Colorado, a Federal Credit Union
Oct 1, 2004 Tribview Federal Credit Union PA Elliott Community Federal Credit Union
Oct 1, 2004 Wilmington Newspaper Federal Credit Union DE Community Powered Federal Credit Union
Sep 30, 2004 Apco Federal Credit Union OH Pathways Financial Credit Union, Inc.
Sep 30, 2004 Northview Financial Corporation IL Wintrust Financial Corporation
Sep 30, 2004 Rogers Brothers Federal Credit Union PA Erie Times Employees Federal Credit Union
Sep 30, 2004 Cordan Federal Credit Union VA Piedmont Credit Union
Sep 30, 2004 Fellowship Church Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
Sep 30, 2004 GF Telco Federal Credit Union ND Northern Valley Federal Credit Union
Sep 28, 2004 The First National Bank of Unadilla NE Countryside Bank
Sep 22, 2004 Infitech, Inc. FL First National Bank of Pennsylvania
Sep 21, 2004 Bank of Sturgeon Bay Building Corp. WI Baylake Bank
Sep 21, 2004 Cornerstone Financial, Inc. WI Baylake Bank
Sep 19, 2004 First Farmers State Bank IN First Financial Bank, N.A.
Sep 18, 2004 Twin Lakes National Bank KS Southwest National Bank
Sep 18, 2004 Emprise Bank National Association KS Emprise Bank
Sep 18, 2004 Montana Armed Forces Credit Union MT Intrepid Credit Union
Sep 17, 2004 United Family Credit Union MI Unity Credit Union
Sep 17, 2004 Bartonville Bank IL Better Banks

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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