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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
Sep 16, 2004 Beekmantown Central School Federal Credit Union NY Dannemora Federal Credit Union
Sep 16, 2004 CB Bancshares, Inc. HI Central Pacific Financial Corp.
Sep 15, 2004 Engelhard Employees Credit Union GA Georgia Guard Credit Union
Sep 11, 2004 The Whaples and Farmers State Bank IL Community State Bank
Sep 11, 2004 The Canaan National Bank CT Salisbury Bank and Trust Company
Sep 11, 2004 Leeds Federal Savings Bank MD Northwest Bank
Sep 11, 2004 Guaranty Bank VA Atlantic Union Bank
Sep 9, 2004 Lynchburg Appalachian Employees Credit Union VA Beacon Credit Union Incorporated
Sep 4, 2004 Southern Community Bank of Central Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bank of South Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bank of Southwest Florida FL First National Bank of Florida
Sep 4, 2004 Southern Community Bancorp FL First National Bankshares of Florida, Inc.
Sep 3, 2004 State Bank of Loretto MN 21st Century Bank
Sep 2, 2004 Sweca Federal Credit Union LA Barksdale Federal Credit Union
Sep 2, 2004 Ocjcc Federal Credit Union PA Northwood Federal Credit Union
Sep 1, 2004 Rocky Mount Postal Credit Union NC First Carolina People's Credit Union
Sep 1, 2004 GBC Florida, Inc. KS GBC Kansas, Inc.
Sep 1, 2004 VFW Credit Union MO Pentagon Federal Credit Union
Sep 1, 2004 Quaker City Bancorp, Inc. CA Popular North America, Inc.
Sep 1, 2004 Western Ohio Financial Corporation OH WesBanco, Inc.
Sep 1, 2004 Colonial Trust Company AZ Arizona Bank & Trust
Sep 1, 2004 Colonial Trust Company AZ Happy State Bank
Sep 1, 2004 Charter One Financial, Inc. OH Citizens Financial Group, Inc.
Sep 1, 2004 Delaware Trust Capital Management, Inc. DE Wells Fargo Delaware Trust Company, N.A.
Sep 1, 2004 Gold Bank FL Gold Bank
Sep 1, 2004 Somerset Bancshares Corporation, Inc. TX Vision Bancshares, Inc.
Sep 1, 2004 Banco Atlantico, S.A. — Banco de Sabadell, S.A.
Sep 1, 2004 Huntington Va Federal Credit Union WV Star USA Federal Credit Union
Sep 1, 2004 Wyoming's First Federal Credit Union WY Reliant Federal Credit Union
Sep 1, 2004 Quaker City Bank CA Popular Bank
Sep 1, 2004 Cornerstone Bank OH WesBanco Bank, Inc.
Sep 1, 2004 Local 72 Electricians Federal Credit Union TX Members Choice of Central Texas Federal Credit Union
Sep 1, 2004 Community National Bank IL MidCountry Bank
Sep 1, 2004 Oaktree Federal Credit Union TX Houston Federal Credit Union
Sep 1, 2004 Northern Virginia Postal Employees Federal Credit Union VA U S Postal Service Federal Credit Union
Sep 1, 2004 Wheat Street Church Federal Credit Union GA Credit Union of Atlanta
Sep 1, 2004 Cumberland Bank TN Cumberland Bank
Sep 1, 2004 Hospitality USA Credit Union AZ Alero Financial Credit Union
Sep 1, 2004 Nome Federal Credit Union LA Gte Federal Credit Union dba Gte Financial
Sep 1, 2004 N&W Madison Federal Credit Union IL Revity Credit Union
Aug 31, 2004 Huntley Community Credit Union IL McHenry County Federal Credit Union
Aug 31, 2004 Vandalia Correctional Center Credit Union IL Land of Lincoln Credit Union
Aug 31, 2004 Buena Park City Employees Federal Credit Union CA Orange County's Federal Credit Union
Aug 31, 2004 Educators Credit Union GA Georgia United Credit Union
Aug 31, 2004 Richmond Standard Employees Credit Union CA Chevron Federal Credit Union
Aug 30, 2004 St. Anne Mercy Federal Credit Union OH Sun Federal Credit Union
Aug 28, 2004 United Nebraska Bank NE Tierone Bank
Aug 28, 2004 Landmark Bank, National Association TX Landmark Bank, National Association
Aug 27, 2004 U.S. Baird Employees Credit Union CT McKesson Federal Credit Union
Aug 26, 2004 Citizens Bank NM Citizens 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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