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CONFIDENTIAL
BOARD OF GOVERNORS |

«oS^ 4 L.k

iFEDErL:,r

L.4.5

December 15, 1949

CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING NOVEMBER 1949
Name and location of banks and branches

Class of bank

Date of
change

New banks
(except successions and conversions)
Jacksonville State Bank
Bank of Zephyrhills
Merchants & Farmers Bank
Citizens State Bank

Jacksonville, Ark.
Zephyrhills, Fla.*
Winona, Miss.
Sweeny, Texas

Ins. nonmem.
Ins. nonmem.
Ins. nonmem.
Ins. nonmem.

11- 5-49
11-11-49
11- 1-49
11-22-49

Member

11- 1-49

Successions and conversions
City State Bank & Trust Co.
Converted to-First National Bank

McAllen, Texas
McAllen, Texas

National

Voluntary liquidations
(except incident to absorptions, successions, etc.)
Metropolitan Trust Co.

Chicago, 111.

Noninsured

11-30-49

Consolidations, absorptions, etc.
First National Bank
Phoenix, Ariz.
Phoenix Savings Bank & Trust Co. Phoenix, Ariz.
These two banks consolidated
under charter and title of-Phoenix, Ariz.
First National Bank
Capitol State Bank & Trust Co.
Hartford, Conn.
Phoenix State Bank & Trust Co.
Hartford, Conn.
These two banks merged
under charter and title of—
Phoenix State Bank & Trust Co. Hartford, Conn*

National
11- 1-49
Ins. nonmem.
National
Ins. nonmem. 11-28-49
Member
Member
National

11-14-49

First National Bank
Absorbed by—
Council Bluffs Savings Bank

Council Bluffs, Iowa

Peoples Bank
Absorbed by—
Rankin County Bank

Pelahatchie, Miss.

Ins. nonmem. 11- 4-49

Brandon, Miss,

Ins. nonmem.
National
11-21-49
National

Council Bluffs, Iowa

First National Bank & Trust Co. Freeport, N. Y. r
First National Bank
Merrick, N. Y.
These two banks consolidated
under charter of First National
Bank & Trust Co. and under
title of—
Island National Bank
Freeport, N. Y.

Ins. nonmem.

National

THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES.
FRASER AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.
NOT

Digitized for


- 2

-

Name and location of banks and branches

Class of bank Date of
change

Consolidations, absorptions, etc, - Cont'd
Bank of Yorktown
Marine Midland Trust Co.
These two banks merged
under charter and title of-Marine Midland Trust Co.

New York, N. Y.
New York, N. Y.

National Bronx Bank
Absorbed by-Manufacturers Trust Co.

New York, N. Y.

Albany National Bank
Absorbed by—
First National Bank

Laramie, Wyo.

New York, N. Y.

New York, N. Y.

Laramie, Wyo.

Member
Member

11-14-49

Member
National

11-21-49

Member
National

11-12-49

National

Admission of State bank to Federal Reserve Membership
Blakeley Bank & Trust Co.
Ranson, W. Va.
Ins. nonmem. 11- 1-49
Withdrawals of State banks from Federal Reserve Membership
City Bank-

Washington, D. C.

Insurance
continued

11-16-49

First Trust & Savings Bank

Galva, Iowa

Insurance
continued

11-25-49

Cicero State Bank

Cicero, N. Y.

Insurance
continued

11-15-49

National

11-21-49

Changes in name or location
Island National Bank
Freeport, N. Y.
Name changed to-Meadowbrook National Bank
Security Savings Bank Co.
Name changed to—
Security Bank

Athens, Ohio

Ins. nonmem.

9- 2-49

International Bank
Name changed to-Cambridge State Bank

Cambridge, Wis.

Ins. nonmem.

7-26-49

Branches established
(excluding offices at military reservations but including banks converted into branches)
Security Trust & Savings Bank
Security Bank Auto Branch
(De novo)




San Diego, Calif.
525 E. Street

Member

11- 1-49

- 3 Name and location of "banks and "branches

Class of bank

Branches established - Cont'd
(excluding offices at military reservations but including banks converted into branches)
Phoenix State Bank & Trust Co.
Member
Hartford Conn.
Capitol Office
Corner Asylum &
(Formerly Capitol State Bank
High Streets
& Trust Co.)
Connecticut Savings Bank
Spring Glen Branch
(De novo)

New Haven, Conn.
1642 Whitney Ave.,
Hamden, Conn.

Noninsured

New London City National Bank
Stonington Branch
(De novo)

New London, Conn.
Water Street &
Cannon Square
Stonington, Conn.

National

Bank of Georgia
Ponce de Leon Avenue Boulevard Branch
(De novo)

Atlanta, Ga.
494 Ponce de Leon
Avenue, N. E.

Ins. nonmem.

First National Bank
Osceola Branch
(De novo)

Mishawaka, Ind.
Osceola, Ind.

National

Rapides Bank & Trust Co.
Bolton Office
(De novo)

Alexandria, La.
625 Bolton Avenue

Randolph Savings Bank
Stoughton Branch
(De novo)

Randolph, Mass.
Stoughton, Mass.

Noninsured

Rankin County Bank
Pelehatchie Branch
(Formerly Peoples Bank)

Brandon, Miss.
Pelahatchie, Miss.

Ins. nonmem.

Marine Trust Co.
Sheridan Plaza Office
(De novo)

Buffalo, N. Y.
175° Sheridan Drive
Tonavanda, N. Y.

Member

Meadowbrook National Bank
Freeport, N. Y.
Merrick Office
15 North Merrick Ave.
(Formerly First National Bank) Merrick, N. Y.
Hempstead Bank
Levittown Office
(De novo)




Levittown, N. Y.

Date of
change

11-28-49

11-15-49

11-28-49

11-15-49

11-21-49

11-30-49

National

10-24-49

11- 4-49

11-21-49

11-21-49

11-26-49

- 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)
Manufacturers Trust Co.
Hew York, N. Y.
Melrose Branch
360 East l49th Street
(Formerly National Bronx Bank)

Member

Marine-Midland Trust Co.
Yorktown Branch
(Formerly Bank of Yorktown)

Member

New York, N. Y.
500 Seventh Avenue

Peoples National Bank of Brooklyn New York, N. Y.
Ridgewood Office
58-22 Myrtle Avenue
(De novo)
Ridgewood, N.' Y.
/ Branch Banking & Trust Co.
Pikevllle Branch
(De novo)
v
Industrial Trust Co.
Darlington Branch
(De novo)

Wilson, N. C.
Pikeville, N. C.

National

Ins. nonmem.

Providence, R. I.
Member
Central Ave. & Linden St.
Pawtucket, R. I.

11-21-49

11-14-49

11-28-49

11-21-49

11- 7-49

Branches acquired by absorption or purchase
Member
Manufacturers Trust Co.
New York, N. Y.
1254 Southern Blvd.
Freeman Street Branch
2196 White Plains Road
Pelham Parkway Branch
410 East 138th Street
Port Morris Branch
(Formerly branches of National
Bronx Bank, New York which
was absorbed by Manufacturers
Trust Co.)

11-21-49
11-21-49
11-21-49

Branches discontinued
Manufacturers Trust Co.
Pelham Parkway Office

New York, N. Y.
652 Pelham Parkway
& White Plains Ave.

Western Savings Fund Society
Branch at

Philadelphia, Pa.
Ins. nonmem.
Chestnut & Juniper Sts.
11-14-49




Member

11-21-49

- 5Name and location of banks and branches

Class of bank

Date of
change

Changes in name or location of branches
Bank of America,
Bell Branch
Moved from
Moved to

T. & S. A.

Dos Palos Branch
Moved from
Moved to

National
San Francisco, Calif.
Bell, Calif.
4100 East Gage Avenue
6312 Atlantic Avenue
Dos Palos, Calif.
Center Ave. & Marguerite St.
1507 Center Street

Hamilton Field Branch
Hamilton Field, Calif.
Changed to—
Hamilton Air Force Base Branch Hamilton, Calif.
(Official change by U. S. Air
Force and also by Post Office
Department)
Shreveport, La.

National City Bank
Jamaica Branch
Moved from
Moved to

New York, N. Y.
National
Jamaica, N. Y.
92-11 Union Hall Street
89-50 l64th Street

Mount Vernon Office
Moved from




National

1508 Fairfield Avenue
1602-4 Fairfield Avenue

Member

Mount Vernon, N. Y.
Mt. Vernon Station, N. Y.
Central R.R. S. W. corner
of Mt. Vernon Ave. and
South West Street
1 South West Street and
144 Mt. Vernon Avenue

United States National Bank
Portland, Ore.
West Salem Branch
Changed from
West Salem, Ore.
Changed to
Salem, Ore.
(This change is due to the
incorporation of the City
of West Salem with the City
of Salem and does not represent
a change in actual location.)

11-28-49

1949

Commercial National Bank
Fairfield Branch
Moved from
Moved to

County Trust Co.
White Plains, N. Y.
Personal Credit Division
Moved from
175 Main Street
60-70 Mitchell Street
Moved to
and renamed
White Plains Drive-In Office

11-28-49

National

11-12-49

11-28-49

11-25-49

11-29-49

11-13-49

- 6 -

name and location of "banks and "branches

Class of bank

Date of
change

Changes in name or location of "branches - Cont'd
Sewings Fund Society of Germantown
and Vicinity
Philadelphia, Pa.
East Germantown Branch
Moved from
1244 E. Chelten Ave.
Moved to
East Chelten Ave. and
Wister St.
Industrial Trust Co.
Apponaug Branch
Moved from
Moved to




Providence, R. I.
Warwick, R. I.
3309 Post Road
3291 Post Road

Ins. nonmem.

Member

11-14-49

11-21-49