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 | Assets |
|---|---|---|
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Mar 19, 2004 | Reliance Bank | $28.6M |
| Mar 12, 2004 | Guaranty National Bank | $71.3M |
| Feb 14, 2004 | Dollar Savings Bank | $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 | Acquirer |
|---|---|---|
| Aug 23, 2004 | Bremer Bank, National Association | Bremer Bank, N.A. |
| Aug 23, 2004 | 1st Security Credit Union | Fox Communities Credit Union |
| Aug 21, 2004 | Morehead Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bancshares, Inc. | Whitney Holding Corporation |
| Aug 21, 2004 | Pocahontas Bankstock, Inc. | Mountain Home Bancshares, Inc. |
| Aug 21, 2004 | Mount Sterling Bank | Whitaker Bank, Inc |
| Aug 21, 2004 | Madison Bank | Whitney National Bank |
| Aug 21, 2004 | (unnamed) | Integrity First Bank, National Association |
| Aug 20, 2004 | (unnamed) | Advantage Bank |
| Aug 20, 2004 | Coquina Bank | Cypress Coquina Bank |
| Aug 20, 2004 | London Financial Corporation | Camco Financial Corporation |
| Aug 19, 2004 | Lumpkin County Bank | Gainesville Bank & Trust |
| Aug 18, 2004 | Peninsula Bank | Mercantile Peninsula Bank |
| Aug 18, 2004 | Farmers & Merchants Bank - Eastern Shore | Mercantile Peninsula Bank |
| Aug 14, 2004 | Servus Financial Corporation | Ibid, Inc. |
| Aug 13, 2004 | Premier Community Bank of South Florida | Colonial Bank |
| Aug 13, 2004 | Mercantile Bank Texas | State National Bank |
| Aug 13, 2004 | Random Lake Bancorp, Limited | Merchants Merger Corp. |
| Aug 12, 2004 | Eisenhower National Bank | Broadway National Bank |
| Aug 7, 2004 | Sobieski Bank | MFB Financial (The "Savings Bank") |
| Aug 7, 2004 | Trust Bank | East West Bank |
| Aug 2, 2004 | Saint Johns County Teachers Credit Union | Community First Credit Union of Florida |
| Aug 2, 2004 | Southern Heritage Bank | Gainesville Bank & Trust |
| Aug 2, 2004 | Southern Heritage Bancorp, Inc. | GB&T Bancshares, Inc. |
| Aug 2, 2004 | First Bank | Lincoln Bank |
| Aug 2, 2004 | Bayonne Postal Employees Credit Union | First Jersey Credit Union |
| Aug 2, 2004 | Carbon City Federal Credit Union | Allegacy Federal Credit Union |
| Aug 2, 2004 | Advantage Credit Union | Piedmont Advantage Credit Union |
| Aug 1, 2004 | UMB U.S.A., N.A. | UMB Bank, N.A. |
| Aug 1, 2004 | First Western Mortgage Services, Inc. | WestStar Bank |
| Aug 1, 2004 | Village Bank & Trust, S.S.B. | Prosperity Bank |
| Aug 1, 2004 | Winnebago Credit Union | Fox Communities Credit Union |
| Aug 1, 2004 | Metrocom Area Credit Union | Post Community Credit Union |
| Aug 1, 2004 | John T. Page Federal Credit Union | West Virginia Central Federal Credit Union |
| Aug 1, 2004 | Commerce Bank, National Association | Commerce Bank |
| Aug 1, 2004 | Burt County State Bank | Washington County Bank |
| Aug 1, 2004 | Insurance Services Federal Credit Union | Truchoice Federal Credit Union |
| Aug 1, 2004 | Go-Gulf Federal Credit Union | Complex Community Federal Credit Union |
| Aug 1, 2004 | The Commercial Bank of Demopolis | BankTrust |
| Aug 1, 2004 | United Community Bank | Limestone Bank, Inc. |
| Aug 1, 2004 | Pierce County Federal Credit Union | Sound Credit Union |
| Aug 1, 2004 | Dorsey Laboratories Federal Credit Union | Lincone Federal Credit Union |
| Aug 1, 2004 | Hercules Federal Credit Union | Community Powered Federal Credit Union |
| Aug 1, 2004 | Shermco Federal Credit Union | RTN Federal Credit Union |
| Aug 1, 2004 | Liberty Bank, SSB | Prosperity Bank |
| Aug 1, 2004 | Key Credit Union | St. Jean's Credit Union |
| Aug 1, 2004 | Salvaho Federal Credit Union | Premier Federal Credit Union |
| Aug 1, 2004 | Cbi-Illinois, Inc. | Cbi-Kansas, Inc. |
| Jul 31, 2004 | Beacon Credit Union, Inc. | Christian Family Credit Union, Inc. |
| Jul 31, 2004 | Allegiant Bank | National City Bank of the Midwest |
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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