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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Bank Failures in Brief

2004

There were 4 bank failures in 2004. The list of Bank Failures in Brief was updated through June 25, 2004. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

BIF = Bank Insurance Fund
SAIF = Savings Association Insurance Fund

June 25 (BIF)
Bank of Ephraim, Ephraim, Utah, with total deposits of approximately $45.2 million, and approximately $46.4 million in assets was assumed by Far West Bank, Provo, Utah. (PR-69-2004)

March 19 (BIF)
Reliance Bank, White Plains, New York, with total deposits of approximately $28 million, and approximately $30.3 million in assets was assumed by Union State Bank, Orangeburg, New York. (PR-24-2004)

March 12 (BIF)
Guaranty National Bank of Tallahassee, Tallahassee, Florida, with total deposits of approximately $66.9 million, and approximately $74.1 million in assets was assumed by the Hancock Bank of Florida, Tallahassee, Florida. (PR-21-2004, PR-23-2004)

February 14 (SAIF)
Dollar Savings Bank of Newark, New Jersey, with  total deposits of approximately $9.8 million and total assets of approximately $12.3 million, was for approved payout by the FDIC Board of Directors.(PR-13-2004)



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