Bank Failures in Brief – 2004
There were 4 bank failures in 2004. See detailed descriptions below.
Please select the buttons below for other years' information.
| 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 |
| 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 | $40.4 | Far West Bank, Provo, UT agreed to assume all insured deposit accounts. (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-23-2004 PR-21-2004 |
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*) |
*SAIF = Savings Association Insurance Fund **BIF = Bank Insurance Fund