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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, the date of the last bank closing. 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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