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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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102