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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
Jul 31, 2004 St. Joseph of Kirkwood Employees Credit Union MO Health Care Family Credit Union
Jul 31, 2004 The Bank MO The Signature Bank
Jul 31, 2004 Brookwood Cattle Company MO Landrum Company
Jul 31, 2004 Continental Mortgage Corporation IL The San Francisco Company
Jul 31, 2004 Continental Community Bank and Trust Company IL First Bank
Jul 28, 2004 Hewitt Employees Credit Union, Inc. OH Day Air Credit Union, Inc.
Jul 28, 2004 The First National Bank of St. Mary's at Leonardtown MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Forest Hill State Bank MD Mercantile County Bank
Jul 28, 2004 St. Michaels Bank MD Mercantile Eastern Shore Bank
Jul 28, 2004 Van Deusen Bancorp, Inc. MN Van Deusen Bancorp, Inc.
Jul 28, 2004 Bank of Southern Maryland MD Mercantile Southern Maryland Bank
Jul 28, 2004 The Peoples Bank of Maryland MD Mercantile Eastern Shore Bank
Jul 27, 2004 Eagle Point Federal Credit Union NJ Sun Federal Credit Union
Jul 25, 2004 First State Bank IN First Financial Bank, N.A.
Jul 24, 2004 First National Bank of Hinckley MN First National Bank of the North
Jul 24, 2004 Seacoast Financial Services Corporation MA Sovereign Bancorp, Inc.
Jul 24, 2004 Bank of Orange County CA Placer Sierra Bank
Jul 24, 2004 Compass Bank for Savings MA Santander Bank, N.A.
Jul 24, 2004 The Bank of Commerce KS The State Bank
Jul 23, 2004 Franklin National Bankshares, Inc. TX Triumph Financial, Inc.
Jul 23, 2004 Nantucket Bank MA Santander Bank, N.A.
Jul 22, 2004 FSFSB, National Association IL MB Financial Bank, National Association
Jul 19, 2004 Charter Bank and Trust Co. GA Bank of North Georgia
Jul 19, 2004 Mountain National Bank GA Bank of North Georgia
Jul 17, 2004 The First National Bank and Trust KS American State Bank & Trust Company
Jul 17, 2004 The Clyde Savings Bank Company OH Community First Bank & Trust
Jul 17, 2004 Bank of Jacomo MO Central Bank of the Midwest
Jul 17, 2004 Falmouth Co-operative Bank MA Rockland Trust Company
Jul 17, 2004 Mid-Continent Bancshares, Inc. MO First National Bancor, Inc.
Jul 17, 2004 American State Bancshares, Inc. KS American State Bancshares, Inc.
Jul 17, 2004 Indiana Lawrence Bank IN Community First Bank & Trust
Jul 16, 2004 CNB Florida Bancshares, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 CNB National Bank FL Mercantile Bank
Jul 16, 2004 Florida Banks, Inc. FL The South Financial Group, Inc.
Jul 16, 2004 Centennial Bank Holdings, Inc. CO Guaranty Bancorp
Jul 16, 2004 Florida Bank, National Association FL Mercantile Bank
Jul 16, 2004 Bank of Kimberling City MO Metropolitan National Bank
Jul 15, 2004 Traylor Employees Federal Credit Union PA People First Federal Credit Union
Jul 15, 2004 BSB Bank & Trust Company NY Partners Trust Bank
Jul 15, 2004 First Sentinel Bancorp, Inc. NJ Provident Financial Services, Inc.
Jul 15, 2004 First Savings Bank NJ Provident Bank
Jul 12, 2004 Unite NY Unite Here
Jul 10, 2004 First State Bank WI Waumandee State Bank
Jul 10, 2004 Humboldt Bank CA Columbia Bank
Jul 10, 2004 First Financial Bank KY 1st Independence Bank
Jul 10, 2004 Independence Bancorp IN 1st Independence Financial Group, Inc.
Jul 10, 2004 Humboldt Bancorp CA Umpqua Holdings Corporation
Jul 10, 2004 Fgi Frankfurter Gesellschaft Fur Industriewerte MBH — Dresdner Bank Aktiengesellschaft
Jul 9, 2004 The Community Bank of New Jersey NJ Sun National Bank
Jul 9, 2004 Community Bancorp of New Jersey NJ Sun Bancorp, Inc

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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