Failed Bank List

4 failures ยท $170 million in assets

Bank failures in 2004

Four insured banks failed in 2004, up from 3 in 2003. Together they reported $170 million in assets, and the FDIC's estimated loss on them is $3.9 million. The largest was Guaranty National Bank of Tallahassee of Tallahassee, Florida, at $71.3 million. The costliest for the insurance fund was Bank of Ephraim, at an estimated $3.0 million.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 2004 by week of closingDollar Savings Bank, 2004-02-14Guaranty National Bank of Tallahassee, 2004-03-12Reliance Bank, 2004-03-19Bank of Ephraim, 2004-06-25JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. The median estimated loss was 1.6% of a failed bank's assets.

Where they failed

Failures by state in 2004: New Jersey 1, Florida 1, New York 1, Utah 1.

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Filter and sort the 2004 failures by state, size or loss.

All 4 failures in 2004, in closing order
ClosedBankLocationAcquired byTotal assetsEst. loss
February 14, 2004Dollar Savings BankNewark, NJNo acquirer (payout)$13.4 millionnone
March 12, 2004Guaranty National Bank of TallahasseeTallahassee, FLHancock Bank of Florida$71.3 millionnone
March 19, 2004Reliance BankWhite Plains, NYUnion State Bank$28.6 million$919 thousand
June 25, 2004Bank of EphraimEphraim, UTFar West Bank$56.8 million$3.0 million