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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 8, 2004 Postal Employees Credit Union NY Sunmark Credit Union
Jul 8, 2004 Advest Bank and Trust Company CT Frontier Trust Company, FSB
Jul 8, 2004 The Citizens State Bank, Liberal, Kansas KS Sunflower Bank, N.A.
Jul 7, 2004 Wabeno Bancorporation, Inc. WI Tomah Bancshares, Inc.
Jul 3, 2004 Franklin Bank, a Federal Savings Bank MI First Place Bank
Jul 3, 2004 First Federal Savings & Loan Association LA Teche Federal Bank
Jul 3, 2004 Premier Community Bank of Southwest Florida FL Colonial Bank
Jul 2, 2004 Burning Mountain Credit Union CO Western Rockies Federal Credit Union
Jul 2, 2004 The Second National Bank of Warren OH SKY Bank
Jul 1, 2004 St. Patricks Spangler Federal Credit Union PA G.A.P. Federal Credit Union
Jul 1, 2004 Pennsco Federal Credit Union PA Apex Community Federal Credit Union
Jul 1, 2004 Apple Valley Credit Union WA Gesa Credit Union
Jul 1, 2004 C I P S Employees Federal Credit Union IL Midwest America Federal Credit Union
Jul 1, 2004 Tri-Health Federal Credit Union OH General Electric Credit Union
Jul 1, 2004 City of Salem Employees Federal Credit Union VA Freedom First Federal Credit Union
Jul 1, 2004 Asbury Park Federal Credit Union NJ First Financial Federal Credit Union
Jul 1, 2004 Dairypak Employees Federal Credit Union TX MY Credit Union
Jul 1, 2004 Verizon Employees Federal Credit Union CA Orange County's Federal Credit Union
Jul 1, 2004 McTea Federal Credit Union GA Mea Federal Credit Union
Jul 1, 2004 Saint Michael Independence Federal Credit Union OH Oc Federal Credit Union
Jul 1, 2004 Watertown Rubber Workers Federal Credit Union SD Sioux Valley Cooperative Federal Credit Union
Jul 1, 2004 San Angelo TWC Credit Union TX Concho Valley Credit Union
Jul 1, 2004 Gentel Federal Credit Union PA Galaxy Federal Credit Union
Jul 1, 2004 The Farmers National Bank of Winfield IA Pilot Grove Savings Bank
Jul 1, 2004 Upper Valley Federal Credit Union OH Heartland Federal Credit Union
Jul 1, 2004 First National Bank of Colorado Springs CO Bank of Colorado
Jul 1, 2004 Neville Chemcial Company Employees Federal Credit Union PA Clearview Federal Credit Union
Jul 1, 2004 Spartanburg Educators Federal Credit Union SC Founders Federal Credit Union
Jul 1, 2004 Galveston County Federal Credit Union TX Openland Credit Union
Jul 1, 2004 Fond Du Lac Telco Credit Union WI Fond Du Lac Credit Union
Jul 1, 2004 Merrow Machine Employee Federal Credit Union CT Nutmeg State Financial Credit Union
Jul 1, 2004 Mobile Coast Guard Federal Credit Union AL All in Federal Credit Union
Jul 1, 2004 Lakeland Community Credit Union WI Iron County Community Credit Union
Jul 1, 2004 Iberia Medical Center Federal Credit Union LA Maple Federal Credit Union
Jul 1, 2004 First National Bank of Gaylord MI Independent Bank
Jul 1, 2004 Bi-County Catholic Credit Union MI Bi-County PTC Federal Credit Union
Jul 1, 2004 Newton Financial Corporation NJ Lakeland Bancorp, Inc.
Jul 1, 2004 Bank One Corporation IL JPMorgan Chase & Co.
Jul 1, 2004 Provident Financial Group, Inc. OH National City Corporation
Jul 1, 2004 Regions Financial Corporation AL Regions Financial Corporation
Jul 1, 2004 Union Planters Corporation TN Regions Financial Corporation
Jul 1, 2004 Second Bancorp, Incorporated OH SKY Financial Group, Inc.
Jul 1, 2004 North Bancorp, Inc. MI Independent Bank Corporation
Jul 1, 2004 Kirkpatrick Pettis Trust Company NE Security National Bank of Omaha
Jul 1, 2004 HSBC Bank & Trust Company (Delaware), N.A. DE HSBC Bank USA, N.A.
Jul 1, 2004 First State, FSB KY First State Bank of the Southeast, Inc
Jul 1, 2004 Renasant Bancshares Inc TN Peoples Merger Corporation
Jun 30, 2004 T-C Japanese American Citizens League Credit Union MN National J.A.C.L. Credit Union
Jun 30, 2004 Bank of America Technology and Operations, Inc. NC Bank of America, N.A.
Jun 30, 2004 Bakery Drivers Salesmen LOCAL#51 Credit Union MI Teamsters Credit Union

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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