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t.rm=z CONFIDENTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEML.4.5 THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES . NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.' August 16, 1950 CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING JULY 1950 Name and location of banks and branches Class of bank Date of change New banks (except successions and conversions) Security Bank (Unincorporated bank) McRae, Georgia Noninsured 2-1-50 Community State Bank Huntington, Indiana Ins. nonmem. 7-24-50 Peoples Bank Branson, Missouri Ins. nonmem. 7-29-50 Bank of Illinois Valley Cave Junction, Ore. Ins. nonmem. 7-12-50 First State Bank Bellaire, Texas Member 7-3-50 Member 7-1-50 Successions and conversions Bastrop Bank & Trust Co. Converted to — Bastrop National Bank Bastrop, La. First State Bank Converted to ~ First National Bank Seagraves, Texas Long Banking Co. (Unincorporated bank) Ludowici, Ga. Bastrop, La. Seagraves, Texas National Noninsured 7-1-50 National Suspensions Noninsured 7- -50 Voluntary liquidations (except incident to absorptions, successions, etc.) Peoples Bank Atlanta, 111. Exchange Bank LeRoy, Iowa Noninsured 6-30-50 Marshfield Savings Bank Marshfield, Mass. Noninsured 6-22-50 Ins. nonmem. National 7-3-50 Ins. nonmem. 7-1-50 Consolidations, absorptions, etc. East Hartford Trust Co. East Hartford, Conn. Hartford National Bank & Trust Co. Hartford, Conn, These two banks consolidated under charter and title of — Hartford National Bank & Trust Company Hartford, Coon. National - 2 - Name and location of banks and branches Class of bank Consolidations, absorptions, etc. (Cont'd) Noninsured Colebrook, N. H. National Colebrook, N. H. Farmers Guaranty Savings Bank Farmers & Traders National Bank These two banks consolidated under charter of Farmers & Traders National Bank and under title of — Farmers & Traders National & Savings Bank Colebrook, N. H. Jersey City, N. J. National Bank of Montelair Absorbed by — National Newark & Essex Banking Co. Montclair, N. J. Citizens Bank County Trust Co. These two banks merged under charter and title of — County Trust Co. White Plains, N. Y. White Plains, N. Y. i k of Aurora n Absorbed by -Guaranty Bank & Trust Co. Jersey City, N. J. Newark, i . J. i 7-5-50 National Member 7-3-50 National Member Member 7-12-50 White Plains, N. Y. Member Aurora, N. C. Greenville, N. C. Ins. nonmem. 7-24-50 Ins. nonmem National Ins. nonmem. Jackson, Ohio First National Bank Iron Bank Jackson, Ohio These two banks consolidated under charter and title of -First National Bank Jackson, Ohio National E. G. Young & Co., Bank Absorbed by -Douglas County State Bank Oakland, Ore. Ins. nonmem. Wakefield Trust Co. Absorbed by -Providence National Bank / 7-10-50 ; National Franklin National Bank Absorbed by -First National Bank Date of change Wakefield, R. I. /Pulaski Trust Co. Absorbed by — Peoples National Bank Roseburg, Ore. Providence, R. I. Pulaski, Va. Pulaski, Va. Ins. nonmem. Noninsured 7-1-50 7-1-50 7-17-50 National Member 7-3-50 National Admissions of State banks to Federal Reserve membership Monroe County Bank Monroeville, Ala. Ins. nonmem. State Bank of Whiting Whiting, Ind. Ins. nonmem. Bank of Illinois Valley \ 7-3-50 7-14-50 Cave Junction, Ore. Ins. nonmem. 7-17-50 Name and location of "banks and branches Changes In name or location La Salle National Bank & Trust Co. La Salle, 111. Name changed to — La Salle National Bank Class of bank Date of change National 7-1-50 Ecorse-Lincoln Park Bank Name changed to — Security Bank Lincoln Park, Mich. Member 7-25-50 Farmers & Merchants National Bank Name changed to — First National Bank Ivanhoe, Minn. National 7-12-50 Passaic, N. J. Clifton, N. J. National 7-14-50 Passaic-Clifton National Bank i Trust Co. Location changed to — Branches established (excluding offices at military reservations but including banks converted into branches) Security-First National Bank Los Angeles, Calif. National Atlantic & Beverly Branch 230 South Atlantic Blvd. (Be novo) Bella Vista, Calif. 7-29-50 Hartford National Bank & Trust Co. Hartford, Conn. National East Hartford Branch IO85 Main Street (Formerly East Hartford Trust Co.) East Hartford, Conn. 7-3-50 Equitable Trust Co. duPont Experimental Station (De novo) Wilmington, Del. Member New Castle County, Del. 7-24-50 Washington, D. C. Ins. nonmem. 410 Rhode Island Ave., N. E. 7-25-50 First National Bank Drive-In Branch (De novo) Columbus, Ga. 13^0 Broadway 7-26-50 Idaho First National Bank Fourth Street Branch (De novo) Boise, Idaho National 910 North Fourth St. Coeur d'Alene, Idaho First National Bank South Kokomo Branch (De novo) Kokomo, Ind. National 1135 South Main St. ABank of Commerce & Savings Rhode Island Ave. Branch (De novo) National 7-10-50 7-15-50 - 4 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) First State Bank Rudd Branch (De novo) Ins. nonmem. Progressive Bank i Trust Co. Algiers Office (De novo) \/ Nora Springs, Iowa Rudd, Iowa New Orleans, La. 401 Opelousas Ave. Member Baltimore, Md. Ins. nonmem. /Equitable Trust Co. Northwood Shopping Center Office (De novo) 1576-8 Havenwood Rd. 7-1-50 7-31-50 7-10-50 First National Bank Newfoundland Office (De novo) Butler, N. J. National Newfoundland, N. J. 7-24-50 First National Bank Palisade Avenue Office (Formerly Franklin National Bank) Jersey City, N. J. Palisade Ave. & Ferry St. 7-5-50 National National Newark & Essex Banking Co. Newark, N. J. National Mentclair Office 491 Bloomfield Ave. (Formerly Bank of Montclair) Montclair, N. J. 7-3-50 First National Bank Seasonal Agency (De novo) Stone Harbor, N. J. National 43rd & Landis Ave. Sea Isle City, N. J. 7-12-50 Bankers Trust Co. Madison Avenue Office (De novo) New York, N. Y. 1002 Madison Ave. Brooklyn Trust Co. Glen Oaks Office (De novo) New York, N. Y. Member 253-15 Union Turnpike Staten Island National Bank I Trust Co. New Dorp Branch (De novo) County Trust Co. Citizens Branch (Formerly Citizens Bank) Member. New York, N. Y. National 139 New Dorp Lane New York (New Dorp), N. Y. White Plains, N. Y. 130 Main St. 7-3-50 7-14-50 7-5-50 Member 7-12-50 - 5 Name and location of banks and branches Class of 3?ank Branches established (Cont'd) (excluding offices at military reservations but including banks converted into branches) Ins. nonmem. yfSuar Guaranty Bank & Trust Co. Greenville, N. C. IZ Aurora Branch Aurora, N. C. (Formerly Bank of Aurora) Wachovia Bank & Trust Co. Time Payment Dept. Branch (De novo) Cameron Village Branch (De novo) Winston-Salem, N. C. 126 West Fourth St. Charlotte, N. C. Raleigh, N. C. Member First National Bank The Iron Branch (Formerly The Iron Bank) Jackson, Ohio 233 East Main St. Roseburg, Ore. Oakland, Ore. Ins. nonmem. Industrial Trust Co. Wakefield Branch (De novo) Providence, R. I. 1 Robinson St. Wakefield, R. I. Member Providence National Bank Wakefield Trust Office (Formerly Wakefield Trust Co.) Providence, R. I. Wakefield, R. I. 7-24-50 National Douglas County State Bank Oakland Branch (Formerly E. G. Young & Co., Bank) \/ Date of change 7-18-50 7-18-50 7-1-50 7-1-50 7-24-50 7-17-50 Branches or offices established at military reservations (including "banking facilities" provided through arrangements made by Treasury Department) Security-First National Bank Los Angeles, Calif. National Veterans Hospital Facility Long Beach, Calif. 7-19-50 Branches acquired by absorption or purchase First National Bank Western Slope Office Jersey City, N. J. Thome St. & Hudson County Blvd. National 7-5-50 (Formerly branch of Franklin National Bank, Jersey City, which was absorbed by First National Bank) / Guaranty Bank & Trust Co. Greenville, N. C. Tellers Window. Bayboro, N. C. (Formerly branch of Bank of Aurora, Aurora, which was absorbed by Guaranty Bank & Trust Co.) Ins. nonmem. 7-24-50 - 6 - Name and location of banks and "branches Class of bank Branches acquired by absorption or purchase (Cont'd) Douglas Coun£y State Bank Roseburg, Oregon Ins. nonmem. Sutherlin Branch Sutherlin, Oregon (Formerly branch of E. G. Young & Co. Bank, Oakland, which was absorbed by Douglas County State Bank) Providence National Bank Providence, R. I. National Narragansett Branch Narragansett, R. I. (Formerly branch of Wakefield Trust Co. Wakefield, which was absorbed by Providence National Bank) Security National Bank Percy Jones General Hospital Branch Branches discontinued Battle Creek, Mich. Percy Jones General Hospital Changes in name or location of branches California Bank Member Los Angeles, Calif. American Office Moved from 1U6 South Spring St. Moved to 200 South Spring St. and renamed Second & Spring Office Bank of America N.T. & S.A Calistoga Branch Changed from San Francisco, Calif. Nationals Calistoga, Calif. Lincoln Ave. & Washington St. Changed to 1373 Lincoln Way (This change is due to renumbering of streets and does not represent a change in actual location) Date of change 7-1-50 7-17-50 6-30-50 7-31-50 7-21-50 Hayward Branch Moved from Moved to Hayward, Calif. 1004 B. Street IO55 B. Street 7-1-50 Seventh & Figueroa Branch Moved from Moved to and renamed Seventh & Flower Branch Los Angeles, Calif. 815 West 7th St. 801 West 7th St. 7-31-50 Whittier-Lorena Branch Moved from Moved to and renamed Whittier-Spence Branch Los Angeles, Calif. 3359-61 Whittier Blvd. 3475 Whittier Blvd. 7-24-50 - 7 Name and location of banks and branches Class of bank Changes in name or location of branches (Cont'd) National Bank of America N.T. & S.A (Cont'd) San Francisco, Calif Oceanside, Calif. Oceanside Branch 202 North Hill St. Moved from 702 Second St. Moved to Savannah Bank & Trust Co. Uptown Branch Moved from Moved to and renamed West Broad Street Branch Savannah, Ga. 1 Bull Street 320 West Broad St. Merrimack National Bank Haverhill, Mass. Branch office at 163 Merrimack St. ' , was moved to 20 Washington St. and designated as Washington St. Branch. 1 ; The former location of the head office at 20 Washington St. was changed to ' 163 Merrimack St. Passaic-Clifton National Bank & Trust Co. Clifton, NJ J, Branch Office at 802 Main Ave., Clifton-vae moved to 657 Main Ave., Passaic and designated as Passaic Office. „ The former location of the bead office at 657 Main Ave., Passaic was changed to 802 Main Ave., Clifton. Union Trust Co. Chile-Thurston Office Moved from Moved to Member Rochester, N. Y. National National Ins. nonmem. 548 Chile Ave. & Thurston Rd. 532 Chile Ave. cor. Gardiner Ave. Jounty Trust Co. Y onkers Office Moved from Moved to White Plains, N. Y. Yonkers, N. Y. 26 South Broadway 47 South Broadway Cleveland, Ohio 7-1-50 7-10-50 7-1-50 7-14-50 7-17-50 Member Cleveland Trust Co. Euclid-57th St. Branch Moved from Moved to Renamed -Euclid-49th Branch Date of change Member 5613 Euclid Ave. 48l4 Euclid Ave. 4-3-50 7-17-50 I I - 8 - Name and location of banks and branches Class of Changes in name or location of branches (Cont'd) r South Carolina National Bank Charleston, S. C. West End Branch Greenville, S. C. Changed from 7 Pendleton St. Changed to 1 Pendleton St, (This change is due to expansion of the banking quarters and does not represent a change in the actual location. Change was reported to . the Federal Reserve Bank of Richmond on July 17, .1950; the date on which the change occurred was not reported.) Seattle-First National Bank Bremerton Branch Moved from Moved to ' National Seattle, Wash. National Bremerton, Wash. 127-135 Washington Ave. 280 Fourth St. 7-24-50 Correction The statement covering the month of June 1950 reported the Laurel-Sunset Branch of the Bank of America, N.T. & S.A. San Francisco, California as moving from 8000 Sunset Blvd. to 7966 Sunset Blvd., Los Angeles, California on June 5, 1950. This move did not occur until July 17, 1950.