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F. B. CON0DENTIALWIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES.
'
NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.4.5

\
I '

February 20, 1958
CHANGES . IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING JANUARY 1958

Name and location of banks and branches

Class
of bank

Date of •
change t

I

New banks
(except successions and conversions)
First National Bank

Walsenburg, Colo.
Huerfano County

National

1-27-58

Brevard State Bank

Titusville, Fla.
Brevard County

Ins.non.

1-3-58

First National Bank

Hoyt Lakes, Minn.
St. Louis County

National

1-13-58

Troy Citizens Bank

Troy, Ohio
Miami County .

Ins.non.

I-9-58

Bank of Klamath Falls

Klamath Falls, Ore.
Klamath County

Ins.non.

I-II-58

Channelview State Bank

Channelview, Texas
Harris County
Seven Corners, Va.
Fairfax County
(P.O. Falls Church)

Ins.n&n.

I-3I-58

National

1-2-58

Fairfax County National Bank

I

m
^

F

Consolidations, absorptions, etc.
Selma National Bank
Selma Trust & Savings Bank
Consolidated under charter
and title of —
Selma National Bank

Selma, Ala.
Selma, Ala.

First State Bank
Absorbed by —
First National Bank

Waleenbtirg, Colo.

Tilghman Bank
Absorbed by —
County Trust Co. of Maryland

Tilghman, Md.

Selma, Ala.

Walsenburg, Colo.

Cambridge, Md.

Essex Trust Co.
Lynn, Mass
Manufacturers -Central National Bank Iynn) Mass.
Merged under charter and
title of
Essex Trust Co.
Lynn, Mass




National
Ins.n&n.

I-2-58

t

National
Ins.non.

1-27-58

National
Ins.non.
Member
Ins.non.
National
Ins.non.

|
t

1-2-58

1-2-58

?

Name and location of "banks and branches

CiUkea. of Date of
change
bank

Consolidations, absorptions, etc. - (Cont'd)
Springfield National Bank
Union Trust Co.
Merged under charter of
Union Trust Co.
and title of —
Valley Bank & Trust Co.

Springfield, Mass.
Springfield, Mass.

Citizens Commercial & Savings Bank
First State & Savings Bank
State Bank of New Lothrop.
Consolidated under charter
and title of -Citizens Commercial &
Savings Bank

Flint, Mich.
Holly, Mich.
New Lothrop, Mich.

Huron County State Bank
State Bank of Harbor Beach
Consolidated under charter of
Huron County State Bank
and title of -Huron County Bank

Harbor Beach, Mich.
Harbor Beach, Mich.

Franklin Savings Institution
Half Dime Savings Bank
United States Savings Bank
Merged under charter and
title of —
United States Savings Bank

Newark, N. J.
Orange, N. J.
Newark, N. J.

First National Bank
Farmers State Bank
Consolidated under charter
and title of —
First National Bank

Everett, Pa.
Woodbury, Pa.

Windham National Bank
Vermont Bank & Trust Co.
Merged under charter
and title of —
Vermont Bank & Trust Co.

Bellows Falls, Vt.
Brattleboro, Vt.

Bank of Maiden Rock
Absorbed by —
First National Bank

Maiden Rock, Wis.

Springfield, Mass.

National
Member

1-20-58

Member
Member
Ins.non.
Ins.non.

1-2-58

Member
Member

1-2-58

Flint, Mich.

Harbor Beach, Mich.

Newark, N* J.

Everett, Pa.

Brattleboro, Vt.

Maiden Rock, Wis.

Member
Ins.non.
Ins.non.
Ins.non.

1-2-58

Ins.non.
National
Ins.non.

I-2-58

National
National
Member

1-2-58

Member
Ins.nAn.

I-2-58

National

Admission of State bank to Federal Reserve Membership
Pascagoula-Moss Point Bank




Moss Point, Miss.

Ins.non.

1-6-58

- 3 -

Name and location of banks and branches

Class
of bank

Date of %
change #

Withdrawals of State banks from Federal Reserve Membership

g:

American Bank & Trust Co.

Bessemer, Ala.

Insurance
continued

1-3-58

Peoples Savings Bank Co.

Martins Ferry, Ohio

Insurance
continued

I-16-58

McAllen State Bank

McAllen, Texas

Insurance
continued

I-I6-58

Member

1-17-58 #

Changes in name or location of banks
Union Bank & Trust Co.
Name changed to -Union Bank

Los Angeles, Calif.

Stockton Savings & Loan Bank
Name changed to —
Bank of Stockton

Stockton, Calif.

Brighton State Bank
Name changed to —
First Bank of Brighton

Brighton, Colo.

Member

I-I-58

Citizens State Bank
Location changed to

Randolph, Kans.
Manhattan, Kans.

Ins.non.

I-13-58

Farmers State Bank
Location changed to —

Welch, Minn.
Red Wing, Minn.

Ins.non.

1-25-58 @

Peoples Savings Bank Co.
Name chuiiged to —
Peoples Bank

Mount Gilead, Ohio

Member

1-22-58 A

Farmers Bank
Name changed to -First Farmers Bank

Athens, Tenri.

Ins.non.

1-3-58

Citizens Bank & Trust Co.
Name changed to -Citizens Bank

Carthage, Tenn.

Member

1-14-58

National

1-22-58 1

First National Bank
Baraboo, Wis.
Name changed to -First National Bank & Trust Co




if

i

I

I
I

- 4 -

Name and location of banks and branches

Class
of bank

Date of
change

Branches established de novo
(includes branches at military and other Government establishments)
Valley National Bank
?th Avenue & Thomas Road Office
2901 North Seventh Avenue

Phoenix, Ariz.
Phoenix, Ariz.
Maricopa County

National

Arkansas Trust Co.
Auto Bank Window
803 Albert Pike Avenue

Hot Springs, Ark.
Hot Springs, Ark.
Garland County

Member

Community Bank
Stonewood Center Office
9061 East Firestone Boulevard

Huntington Park, Calif.
Downey, Calif.
Los Angeles County

Ins.non,

Citizens National Trust &
Savings Bank
La Puenta Branch
17309 East Valley Boulevard

Los Angeles, Calif.
La Puente, Calif.
Los Angeles County

I-27-58

1-31-58

I-29-58

National
1-24-58

First National Trust & Savings Bank San Diego, Calif.
Ocean Beach Branch
San Diego, Calif.
1919 Cable Street
San Diego County

National

Bank of California, N.A.
Palo Alto Office
130 Town & Country Village

San Francisco, Calif.
Palo Alto, Calif.
Santa Clara County

National

Crocker-Anglo National Bank
Healdsburg Office
445 Center Street

San Francisco, Calif.
Healdsburg, Calif.
Sonoma County

National

First National Bank
Mill Valley Office
525 Miller Avenue

San Rafael, Calif.
Mill Valley, Calif.
Marin County

National

First National Bank & Trust Co.
Wesleyan Branch
486 Monroe Place

Macon, Ga.
Macon, Ga.
Bibb County

National

Idaho Bank & Trust Co.
Paul Branch

Pocatello, Idaho
Paul, Idaho
Minidoka County

Ins.non.

Topeka, Kans.
Topeka, Kans.
Shawnee County

National

First National Bank
First National Motor Bank
701-703-705 Harrison Street




I-6-58

1-2-58

1-6-58

I-6-58

I-25-58

1-2-58

I-2-58

Name and location of banks and branches

Class
of bank

change

Branches established de novo - (Cont'd)
(Includes branches at military and other Government establishments)
First National Bank of
Jefferson Parish
West Side Shopping Center Branch
2 West Side Shopping Center

Gretna, La.
Gretna, La.
Jefferson County

National

Gulf National Bank
Maplewood Branch
255 Parish Road

Lake Charles, La.
Maplewood, La.
Calcasieu County

Framingham Trust Co.
Union Avenue Branch
110 Union Avenue

FraJningham, Mass.
Framingham, Mass.
Middlesex County

Salem Five Cents Savings Bank
, Highland Avenue Branch
Highland Avenue & Essex Street

Salem, Mass.
Salem, Mass.
Essex County

Nonins.

Guaranty Bank & Trust Co.
Gold Star Boulevard Branch
51 Gold Star Boulevard

Worcester, Mass.
Worcester, Mass.
Worcester County

Ins.non.

I

National

Manufacturers National Bank
Detroit, Mich.
Cherry Hill & Inkster Road Branch
Dearborn, Mich.
27380 Cherry Hill Road
Wayne County
(P.O. Garden City)
Plymouth & Telegraph Branch
23548 Plymouth Road

1-31-58

•/r

1-9-58

1-13-58

1-22-58

1
t

1-6-58

i

National
I-I6-58

Redford, Mich.
Wayne County
(P.O. Detroit)

1-13-58
•d5
f f'

First National Bank & Trust Co
Gobies Office
State & Exchange Avenues

Kalamazoo, Mich.
Gobies, Mich.
Van Buren County

National

Citizens State Bank
Drive-In Branch
809 West Chicago Road

Sturgis, Mich.
Sturgis, Mich.
St. Joseph County

Member

Millville National Bank
Cedarville Office
51 South Main Street

Millville, N. J.
Cedarville, N. J.
Cumberland County

National

First National Bank
Installment Loan Department
Branch
109 West Main Street

Farmington, N. Mex.

National




Farmington, N. Mex.
San Juan County

1-23-58

1-20-58

I-2-58

1-13-58

I
I

- 6

-

Class
of bank

Name and location of banks and branches

Date of
change

Branches established de novo - (Cont'd)
(Includes branches at military and other Government establishments)
Marine Midland Trust Co. of
Central New York
West Side Office
125 West Broadway

Syracuse, N. Y.
Fulton, N. Y.
Oswego County

Member

Cleveland Trust Co.
Berea Branch
Front & School Streets

Cleveland, Ohio
Berea, Ohio
Cuyahoga County

Member

National City Bank
Puritas-150th Branch
15100 Puritas Avenue

Cleveland, Ohio
Cleveland, Ohio
Cuyahoga County

National

Union Commerce Bank
2800 Euclid Avenue Branch
2800 Euclid Avenue

Cleveland, Ohio
Cleveland, Ohio
Cuyahoga County

Member

Community Bank
Southside Branch
409-413 South Perry Street

Napoleon, Ohio
Napoleon, Ohio
Henry County

Member

First National Bank
First National Motor Bank
11-15 A Street, Northeast

Miami, Okla.
Miami, Okla.
Ottawa,'County

National

1-20-58

1-31-58

1-3-58

I-6-58

1-25-58

1-2-58

National
Doylestown National Bank & Trust Co.Doylestown, Pa.
Warminster Office
Warminster Township, Pa.
610 Street Road
Bucks County
First Pennsylvania Banking &
Trust Co.
Philadelphia, Pa.
Philadelphia, Pa.
Madison House Branch
Madison House, Presidential Apts.
Philadelphia County
City Line Avenue & Presidential
Boulevard

1-6-58

Member
1-13-58

Liberty Real Estate Bank & Trust Co.Philadelphia, Pa.
JRoxborough Office
Philadelphia, Pa.
Andorra Shopping Center,
Philadelphia County
Henry Avenue & Cathedral Road

Ins.non.

Gallatin National Bank
Connellsville Shopping Center
Office
Memorial Boulevard & York Avenue

National




Uniontown, Pa.
Connellsville, Pa.
Fayette County

1-20-58

I-20-58

- 7
Class
of bank

Name and location of banks and branches

Date of
change

Eranches established de novo - (Cont'd)
(Includes branches at military and other Government

establishments)

First National Bank
First rational Motor Bank
725 Nor.h Locust Avenue

Lawrenceburg, Tenn.
Lawrenceburg, Tenn.
Lawrence County

National

National Bank of Commerce
Poplar-Perkins Branch
4605 Poplar Street

Memphis, Tenn.
Memphis, Tenn.
Shelby County

National

Valley State Bank
Union Branch
6635 South State Street

South Salt Lake, Utah
Salt Lake County, Utah
(P.O. Salt Lake City)

1-2-58

I-IO-58

1-27-58

I

Banks converted into branches
(See also Consolidations, absorptions, etc.)
County Trust Co. of Maryland
Tilghman Branch
(Formerly Tilghman Bank)

Cambridge, Md.
Tilghman, Md.
Talbot County

Essex Trust Co.
Manufacturers Central Office
Willow & Blake Streets
(Formerly ManufacturersCentral National Bank)

Lynn, Mass.
Lynn, Mass.
Essex County

Valley Bank & Trust Co.
Main Street Branch
1531 Main Street
(Formerly Springfield
National

Springfield, Mass.
Springfield, Mass.
Hampden County

Member

A

Ina.non.

Citizens Commercial & Savings Bank Flint, Mich.
Holly Branch
Holly, Mich.
202 South Saginaw Street
Oakland County
(Formerly First State & Savings Bank)
New Lothrop Branch
New Lothrop, Mich.
East 9479 Genesee Street
Shiawassee County
(Formerly State Bank of New
Lothrop)
United States Savings Bank
Frank!in Office
770 Broad Street
• (Formerly Franklin Savings
Institution)
Half Dime Office
356-358 Main Street
(Formerly Half Dime Savings
for FRASER
Bank)

Digitized


Newark, N. J.
Newark, N. J.
Essex County

Orange, N. J.
Essex County

1-2-58

1-2-58

1-20-58

1

1-2-58
;.e
vt

1-2-58

1-2-58

1-2-58

I

Date of
change

Class
of bank

Name and location of bank and branches

Banks converted into branches - (Cont'd)
(See also Consolidations. absorptions, etc.)
First National Bank
Woodbury Branch
(Formerly Farmers State Bank)

Everett, Pa..
Woodbury, Pa.
Bedford County

Vermont Bank & Trust Co.
Bellows Falls Office
(Formerly Windham National
Bank)

Brattleboro, Vt.
Bellows Falls, Vt.
Windham County

National
1-2-58

1-2-58

Branches acquired by consolidation, absorption, etc.
Valley Bank & Trust Co.
Springfield, Mass.
Acquired through merger and will
operate the seven branches
formerly operated by Springfield
National Bank, Springfield, in
Hampden County.

Member
1-20-58

Citizens Commercial & Savings Bank Flint,Mich.
Acquired through consolidation
and will operate the branch
formerly operated by First State
& Savings Bank, Holly, in Genesee
County.
United States Savings Bank
Acquired through merger and
will operate the branch
formerly operated by Half
Dime Savings Bank, Orange,
in Essex County.

1-2-58

Newark, N. J.
1-2-58

Vermont Bank & Trust Co.
BrattleDoro, Vt.
Acquired through merger and will
operate the branch formerly
operated by Windham National
Bank, Bellows Falls, in Windsor
County.

1-2-58

Branch discontinued
Security National Bank
Time&Tayment Department Branch




Greensboro, N. C.
407 North Eugene Street
Greensboro, N. C.

National
1-4-58

v

Class
of bank

Name and location of banks and "branches

Date of
change

Banking facility established at military and other Government
establishments through arrangements made by Treasury Department
Germantown Bank
Limited Banking Facility
Atomic Energy Commission
Building

Germantown, Md.
Germantown, Md.
Montgomery County

Ins.non.
1-7-58

Changes in name or location of branches
Security-First National Bank
Fresno Branch
Name changed to —
Fresno Main Office

Los Angeles, Calif.
IO58 Fulton Street
Fresno, Calif.

National
1-2-58

Magnolia Center Office
Moved from
Moved to

Riverside, Calif.
6600 Magnolia Avenue
6370 Magnolia Avenue

1-13-58

Twentynine Palms Branch
Changed from

Twentynine Pains, Calif.
Twentynine Palms Highway & Desert Queens
Street
Twentynine Palms Highway & Tamarisk Street

1-22-58

Changed to

City National Bank
La Mirada Branch
Moved from
Moved to

Sun Valley National Bank
Sunland Branch
Moved from
Moved to

Central Valley National Bank
^Washington Manor Office
Changed from
Changed to

Beverly Hills, Calif.
La Mirada, Calif.
15226 East Ro secrans
Avenue
15100 Luitwieler
Avenue

National

Los Angeles, Calif.
Los Angeles, Calif.
(P.O. Sunland)
8320 Foothill Boulevard
8334 Foothill Boulevard

National

Oakland, Calif.
Alameda County, Calif.
(P.O. San Lorenzo)
San Leandro, Calif.

1-20-58

12-23-57

National
1-11-58

* This change is due to the annexation of area to the city of San Leandro and
change in the actual location.

 represent any
does not


- 1 0 -

Class
of bank

Name and location of bank and branches

Date of
change

Changes in name or location of branches - (Cont'd)
Bank of America, N.T. & S.A.
Bekersf ield Branch!
Name changed to —
BakersfieId Main Office
Live m o re Branch
Moved from
Moved to
Paramount Branch
Movea from
Moved to
Tahoe Valley Branch
'Moved from
Moved to
and renamed
Crocker-Anglo National Bank
Oildale Office
Moved from

National

San Francisco, Calif.
1931 Chester Avenue
Bakersfield, Calif.

1-2-58

Livermore, Calif.
First Street & Livermore Avenue
1177 West Second Street.

1-13-58

Paramount, Calif.
15901 S. Paramount
Boulevard
15919 S. Paramount
Boulevard

1-13-58

Tahoe Valley, Calif.
Tahoe Valley, Calif.
Bijou, Calif.

I-6-58

San Francisco, Calif.
Oildale, Calif.
1301 North Chester
Avenue
1309 North Chester
Avenue

National

Manufacturers Trust Co.
Canarsie Office
Moved from
Moved to

New York, N. Y.
New York, N. Y.
9201 Flatlands Avenue
1492 Rockaway Parkway

Member

Genesee Valley Union Trust Co.
Joseph Avenue Office
Moved from
Moved to

Rochester, N. Y.
Rochester, N. Y.
849 Joseph Avenue
762 Joseph Avenue

Ins.non.

Upper Darby National Bank
Drexel Fill Office
Moved from
Moved to

Upper Darby, Pa.
Upper Darby,' Pa.
4219 F e m e Boulevard
4221 F e m e Boulevard

National

Seattle-First National Bank
Chewelah Branch
Moved from
Moved to

Seattle, Wash.
Chewelah, Wash.
201 East Main Street
202 East Main Street

National

Moved to




1-20-58

1-20-58

I-2O-58

1-27-58

1-13-58

Revision of previous report
The statement covering the month of December 1957 reported that the
First Seneca Bank & Trust Co., Oil City, Pennsylvania, opened a Drive-In Branch
in Grove City, Pennsylvania, on December 23, 1957• Advice has now been received
. that this "branch did not open for business until January 31, 1958«