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F ederal reserve Ba n k DALLAS, TEXAS of Dallas 75222 Circular Wo. 7*+-328 December 9> 197*+ To All Banks in the Eleventh Federal Reserve District: We are advised that the Island Bank, South Padre Island, Texas a newly organized insured nonmember "bank located in the territory served by the San Antonio Branch opened for business today, December 9> 197*+. This bank has notified us that remittance will be made at par for checks drawn on it when received from the Federal Reserve Bank. The mailing address of the new bank is P. 0. Box 2339> South Padre Island, Texas, 7 8 5 7 8 . The fractional transit number of the new bank is 8 8 -6 1 7 over 11 *1 . + Yours very truly, Ernest T. Baughman President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)