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LfBRARY
-T 1 1 :l;-n

CONFIDENTIAL

BOARD OF GOVERNORS OF THELEEDERAL RESERVE .SYSliM
L.U.5

THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES.
April lh9 19!>0
MOT AN OFFICIAL REPORT OF CHAKGriS IN THE BANKING STRUCTURE.
CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING MARCH 1 9 #
Name and location of banks and branches

JJlass of bank

Date of

New banks
(except successions and conversions)
Norwood, Colo.
Blairsville, Ga,
Washington, Ga,
Beaver Crossing, Nebr.
Houston, Texas
Colonial Heights, Va.

San Miguel Basin State Bank
Union County Bank
Farmers & Merchants Bank
Home State Bank
Reagan State Bank
Bank of Colonial Heights

Ins. nonmem.
Ins. nonmem.
Ins. nonmem.
Noninsured
Ins. nonmem.
Ins. nonmem.

3-1-50
3-1-50
3-U-50
3-15-50
3-1-50
3-1-50

Noninsured

3-6-50

Successions and conversions
Lake City Exchange Co,
Succeeded b y —
Farmers State Bank

Lake City, Ark.

The First National Bank of Alpine
Succeeded b y —
First National Bank in Alpine

Alpine, Texas

Lake City, Ark.

Alpine, Texas

Ins. nonmem.
National

3-22-50

National

Voluntary liquidations
(except incident to absorptions, successions, etc.)
Walpole State Bank
Chatsworth Savings Bank
Wilsonville State Bank

Walpole, 111.
Chatsworth, Iowa
Wilsonville, Nebr.

Ins. nonmem.
Ins, nonmem.
Ins, nonmem.

1-21-50
3-15-50
1-7-50

National
Ins. nonmem.

3-27-50
3-27-50

Consolidations, absorptions, etc.
Bank of Woodland, N. A.
Yolo County Savings Bank
These two banks were
absorbed b y American Trust Co.

Woodland, Calif.
Woodland, Calif.

Meadow Brook National Bank
West Hempstead National Bank
These two banks consolidated
under charter and title o f —
Meadow Brook National Bank

Freeport, N. Y.
West Hempstead, N. Y.




San Francisco, Calif.

Freeport, N. Y.

Member
National
National
National

3-20-50

2 Name and location of banks and branches

Class of bank

Date of
change

Consolidations, absorptions, etc. - Contfd

•

China Grove, N, C.

Ins. nonmem.

Lumberton, N. C.

Bank of China Grove
Absorbed b y —
Scottish Bank

3-27-50

Ins. nonmem.

Turtle Creek, Pa.
Turtle Creek Bank & Trust Co.
Absorbed b y —
Mellon National Bank & Trust Co. Pittsburgh, Pa.

Member

3-27-50

National

Withdrawal of State bank from Federal Reserve Membership
Pee Dee State* Bank

Timmonsville, S. C.

Ins. cont'd

3-13-50

Ins. nonmem.

2-15-50

Oklahoma City, Okla.
Liberty National Bank
Name changed t o —
Liberty National Bank & Tr. Co4

National

3-1-50

Texas State Bank'
Name changed t o —
Texas Bank & Trust Co.

Jacksonville, Texas

Ins. nonmem.

2-20-50

Teutonia Avenue State Bank
Name changed t o —
Teutonia Bank

Milwaukee, Wis.

Member

3-15-50

Changes in name or location
Allapattah State Bank
Name changed t o —
Central Bank & Trust Co.

Miami, Fla.

Branches established
(excluding offices at military reservations but including banks converted into branches)
Security-First National Bank
Maywood Branch
(De novo)

Los Angeles, Calif.
5953 Atlantic Blvd.
Maywood, Calif.

National

American Trust Co.
Woodland office
(Formerly Bank of Woodland,
N.A., and Yolo County
Savings Bank)

San Francisco, Calif.
\\J? Main Street
. Woodland, Calif.

Member

Hartford National Bank & Tr. Co.
Northwest Branch
(De novo)

Hartford, Conn.
UlO Homestead Ave,

National




3-20-50

3-27-50

3-2-50

- 3
Name and location of banks and branches

Class of bank

Date of
change

Branches established - Cont'd
(excluding offices at military reservations but including banks converted into branches)
Noninsured

New Haven Savings Bank
West Haven Branch
(De novo)

New Haven, Conn.
531 Campbell Avenue
West Haven, Conn.

American National Bank
38th & Keystone Branch
(De novo)

Indianapolis, Ind.
National
2U28 East 38th Street

Commercial National Bank
Uptown Branch
(De novo)

Shreveport, La.
728 Milam Street

National

Charlestown Savings Bank
Summer Street Branch
(De novo)

Boston, Mass.
61 Summer Street

Noninsured

First National Bank
Kneeland Street Office
(De novo)

Boston, Mass.
15 Kneeland Street

Union Savings Bank
Franklin Street Branch
(De novo)

Boston, Mass.
69 Franklin Street

Noninsured

Commonwealth Bank
Harper-Grayton Branch
(De novo)

Detroit, Mich.
166£0 Harper Avenue

Member

Community National Bank
Huron Street Branch
(De novo)

Pontiac, Mich.
West Huron Street
at Tilden Avenue

National

Boardwalk National Bank
Margate Office
(De novo)

Atlantic.City, N. J.
National
Granville & Atlantic Aves.
Margate City, N. J.

3-6-50

Brooklyn Trust Co.
Kew Gardens Office
(De novo)

Brooklyn, N. Y.
116-22 Queens Blvd.
Kew Gardens, N. J.

2-2h-50

Franklin National Bank
Elmont Office
(De novo)

Franklin Souare, N. I. National
U8l Hempstead Turnpike
Elmont, N. Y.




3-1-50

3-13-50

3-15-50

3-23-50

3-15-50

• 3-7-50

3-9-50

3-1-50

Member

3-1-50

-

h

-

Class of bank

Name and location of banks and branches

Date of
change

Branches established - Cont'd
(excluding offices at military reservations but including banks converted into branches)
Meadow Brook National Bank
West Hempstead Office
(Formerly West Hempstead
National Bank)
« ' American Trust Co.
/
North Tryon Street Branch
(De novo)

National
Freeport, N. Y.
West Hempstead, N. Y,

3-20-50

Charlotte, N.
Charlotte,

3-15-50

C.

l

Lumberton, N. C.
' Scottish Bank
China Grove, N
China Grove Branch
(Formerly Bank of China drove)

y Security Bank & Trust Co,
Kannapolis Branch
(De novo)

Ins. nonmem.
3-27-50

C.

Ins. nonmem.
Salisbury, N. C.
Ridge & Jackson Aves,
Kannapolis, N. C.

*/ Bank of Wendell
Knightdale. Branch
(De novo)

:

Wendell, N. C.
Knightdale, N. C.

Ins. nonmem.

v,
v

Wachovia Bank & Trust Co,
West End Branch
(De novo)

Winston-Salem, N, C.
Winston-Salem, N, C,

Member

Mellon National Bank & Trust Co,
Turtle Creek Branch
(Formerly Turtle Creek Bank
& Trust Co.)

Pittsburgh, Pa,
i|21 Penn Avenue
Turtle Creek, Pa.

National

Carter County Bank
Roan Mountain" Branch
(De novo)

Elizabethton, Tenn.
Roan Mountain, Tenn,

Ins. nonmem.

National Bank of Commerce
First-South Stacy Branch
(De novo)

Seattle, Wash.
First Avenue South
& Stacy Street

3-6-50

National

3-17-50

3-21-50

3-27-50

3-18-50

3-7-50

Branches or offices established at military reservations
(including "banking facilities" provided through arrangements
made by Treasury Department)
Bay National Bank
Tyndall Air Force Base

Panama City, Fla.
Panama City, Fla.

First National Bank of The Black Kills Rapid City, S. D,
Rapid City Air Force Base
Rapid City, S, D.




National
3-1-50
National
3-1-50

- 5 Name and location of banks and branches

Class of bank

Date of
change

Branches discontinued
Colonial Trust Co,
Morris Plan Office

Waterbury, Conn.
166 Grand Street

Member

City Bank Farmers Trust Co,
1*2nd Street Branch

New York, N, Y.
17 East U2nd Street

Member

State Trust Co.
Fourth Avenue Branch

Hendersonville, N. C.
126 Fourth Avenue

Ins. nonmem.

12-1-19
1-27-50
10-15-19

Changes in name or location of branches
Security-First National Bank
Santa Ana Branch
Moved from
Moved to

Los Angeles, Calif,
National
Santa Ana, Calif.
102 East Fourth St.
301 North Main St.

Bank of America, N. T. & S. A.
Atlantic-Whittier Blvd. Branch
Moved from
Moved to

San Francisco, Calif.
National
Los Angeles, Calif.
$202 Whittier Blvd.
9Ul Atlantic Blvd.

3-27-50

3-20-50

Western-Santa Barbara Branch
Moved from
Moved to

Los Angeles, Calif.
1677 Santa Barbara Ave.
1729 West Santa Barbara Ave,

3-27-50

Monterey Park Branch
Moved from
Moved to

Monterey Park, Calif.
100 West Garvey St.
110 West Garvey St.

3-13-50

Palm Springs Branch
Moved from
Moved to

Palm Springs, Calif.
129 North Palm Canyon Dr.
150 North Palm Canyon Dr.

Allen-Colorado Branch
Moved from
Moved to

Pasadena, Calif,
1767 East Colorado St,
1687 East Colorado St.

3-6-50

North Park Branch
Moved from
Moved to

San Diego, Calif.
2897 University Avenue
3933 Thirtieth Street

3-27-50

Citizens & Southern National Bank
Broughton Street Branch
Moved from
Moved to
and renamed—
West Side Branch




Savannah, Ga.
20 Broughton St., West
2201 West Bay Street

1

3-13-50

National
3-20-50

-

6

•

Name and location of banks and branches

Class of bank

Date of
change

Changes in name or location of branches - Cont!d
Modern Industrial JBank
Brooklyn, N. Y.
Branch office at 116 Fifth Ave.,
New York City, was moved to 1697
Pitkin Avenue, Brooklyn. The
former location of the head office
at 1697 Pitkin Avenue, Brooklyn was
changed to 116 Fifth Avenue, New
York City.
First National Bank
Hawthorne Boulevard Branch
Moved from
Moved to

Portland, Ore.




2-18-50

National

3869 S. E. Hawthorne Blvd.
3782 S. E. Hawthorne Blvd.

Seattle-First National Bank
Seattle, "/ash.
Raymond Branch
Raymond, Wash.
220 Duryea Street
Moved from
Moved to
22U Duryea Street
(This change is due to renumbering of streets and
does not represent a change
in actual location. Change
was reported to the Federal
Reserve Bank of San Francisco
on March 28, 1950; the date
on which the change occurred
was not reported.)
Old National Bank
Sunnyside Branch
Moved from
Moved to

Ins. nonmem.

3-27-50

National

Spokane, Wash.
National
Sunnyside, Wash.
N. W. corner 6th & Edison Sts.
553 - 7th Street

3-6-50