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Bank Failures

2004 in Brief

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

For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

2004 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months	Jun	Mar	Mar	Feb
Bank Failures	1	1	1	1
Approx. Asset (Millions)	46.40	30.30	74.10	12.30

June Back to Top
Bank Name	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Bank of Ephraim, Ephraim, UT	June 25, 2004	$46.4	$45.2	Far West Bank, Provo, UT agreed to assume all insured deposit accounts. (BIF)

March Back to Top
Bank Name	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Reliance Bank, White Plains, NY	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	March 12, 2004	$74.1	$66.9	Hancock Bank of Florida, Tallahassee, FL agreed to assume all deposits. (BIF)

February Back to Top
Bank Name	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Dollar Savings Bank, Newark, NJ	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