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Federal Deposit
Insurance Corporation

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

Since 1933, no depositor has ever lost a penny of FDIC-insured funds

Bank Failures in Brief – 2004

There were 4 bank failures in 2004. See detailed descriptions below.

The graph shows there were 4 bank failures in 2004 - February, May, July and September. Closings in February 2004 Bank Failures in March 2004 Bank Failures in June 2004

Please select the buttons below for other years' information.

2004 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
Months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Bank Failures 0 1 2 0 0 1 0 0 0 0 0 0
Total Assets (Millions) 0 12.3 104.4 0 0 46.4 0 0 0 0 0 0

2004 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
June
Bank of Ephraim, Ephraim, UT PR-69-2004 June 25, 2004 $46.4 $45.2 Far West Bank, Provo, UT agreed to assume all deposits. (BIF)
March
Reliance Bank, White Plains, NY PR-24-2004 March 19, 2004 $30.3 $28.0 Union State Bank, Orangeburg, NY agreed to assume all deposits. (BIF)
Guaranty National Bank of Tallahassee, Tallahassee, FL PR-21-2004
PR-23-2004
March 12, 2004 $74.1 $66.9 Hancock Bank of Florida, Tallahassee, FL agreed to assume all deposits. (BIF)
February
Dollar Savings Bank Newark, NJ PR-13-2004 February 14, 2004 $12.3 $9.8 The FDIC has approved the payout of the insured deposits of Dollar Savings Bank of Newark. (SAIF)


*BIF = Bank Insurance Fund *SAIF = Savings Association Insurance Fund

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