Data / Bank failures / 2004 / Reliance Bank
Reliance Bank, White Plains, NY: failed March 19, 2004
Reliance Bank in White Plains, New York, failed on March 19, 2004. Union State Bank of Nanuet, NY, took over its deposits. It held $28.6 million in assets and $27.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $919,070 (3.2% of its assets). By assets it was the 3rd largest of 4 banks closed or assisted in 2004.
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The FDIC's record
- Closed
- March 19, 2004
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union State Bank, Nanuet, NY
- Total assets
- $28,637,000
- Total deposits
- $27,881,000
- Estimated cost to the FDIC
- $919,070 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 26778
Other failed banks Union State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Cedar Bluff Bank | Cedar Bluff | AL | November 2, 1982 | $13.7 million | $12.7 million | $1.5 million | Union State Bank |
All bank failures in 2004 · All bank failures in New York · Every failed bank Union State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.