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3513 COMPILATION IS DERIVED LARGELY FTiOM SECONTARY SOURCESf ^ — i CONFIDENTS M 0 F E I C I A I t ^ O R T OF CHANGES IN THE BAKING.STRUCTURE. ? ! ~ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.5 February" 23, 1951 CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING JANUARY. 1951 i Class of bank Name and location of banks and "branches Date of change New banks (except successions and conversions) Farmers & Merchants Industrial Bank Englewood, Colo. Wakeeney, Kans. Trego-Wakeeney State Bank •"Orbisonia, Pa. Community State Bank / / Peoples, Bank Iva, S. C. Noninsured 11- 1-50 Ins. Nonmem. 1-2-51 Ins. nonmem. 1-11-51 Ins. nonmem. 1- 2-51 North Augusta, S.C. University State Bank Ins. nonmem. 1-15-51 Fort Worth, Texas f""North. Augusta Banking Co. Ins. nonmem. 1-22-51 Noninsured 1- 2-51 Successions and conversions Citizens State Bank (Unincorporated bank) Converted to -Citizens State Bank Warner Robins, Ga. First National Bank Converted to — First State Bank Wilton, N. D. Warner Robins,Ga. Wilton, N. D. Ins. nonmem. National 1- 2-51 Ins. nonmem. Voluntary liquidations (except incident to absorptions, successions, etc.) Second National Bank St. Clairsvilie, Ohio National 1- 2-51 Consolidations, abosrptions, etc. Bank of Conyers Bank of Rockdale These two banks consolidated under charter and title of — Bank of Rockdale Conyers, Ga. Conyers, Ga. Conyers, Ga. Ins. nonmem. Ins. nonmem. 1- 2-51 Ins. nonmem. Crawfordsville Trust Co. Crawfordsville, Ind. Noninsured. First National Bank Crawfordsville, Ind. National These two banks consolidated under charter of First National Bank and under title of — First National Bank & Trust Co. Crawfordsville,Ind. National 1- 2-51 Indiana National Bank Union Trust Co. These two banks consolidated under charter and title of — Indiana National Bank 12-30-50 Indianapolis, Ind. Indianapolis, Ind. National Ins. nonmem. r . : I n d i a n a p o l i s , Ind. National Name and location of banks and tranches Class of bank Date of change Consolidations, absorptions, etc. (Cont'd) Trego County State Bank Wakeeney, ICans. Wakeeney State Bank Wakeeney, Kans. These two banks were absorbed by -Trego-Wakeeney State Bank Wakeeney, Kans. Security Bank Absorbed by -First National Bank Louisville, Ky. Brazeau Bank Absorbed by — Bank of Perryville Brazeau, Mo. First National Bank North Fork Bank & Trust Co. These two banks merged under charter and title of -North Fork Bank & Trust Co. Cutchogue, N. Y. Mattituck, N. Y. Louisville, Ky. Perryville, Mo.-. Mattituck, N. Y. Providence National Bank Providence, R. I. Union Trust Company Providence, R. I. These two banks consolidated under charter of Providence National Bank and under title of — Providence Union National Bank . & Trust Co. Providence, R. I. Ins. nonmem. Ins. nonmem. 1- 2-51 Ins. nonmem. Ins, nonmem. 1- 2-51 National Ins. nonmem. 1-20-51 Ins. nonmem. National Ins. nonmem. 1-26-51 Ins. nonmem. National Member 1- 8-51 National Admission of State bank to Federal Reserve membership Bank of Pontiac Pontiac, 111. Noninsured 1-29-51 Member 1-15-51 Ins. nonmem. 1- 1-51 Louisiana Savings Bank & Trust Co. New Orleans, La. Name changed to -Louisiana Bank & Trust Co. Member 1- 2-51 First State Bank Name changed to -Ravenna State Bank Ravenna, Mich. Ins. nonmem. 1-19-51 American Exchange National Bank Name changed to — American National Bank St. Louis, Mo. National 1-25-51 Changes in name or location , Security Savings & Commercial Bank Washington, D. C. Name changed to -Security Bank Royal Industrial Bank Name changed to — Royal Bank Louisville, Ky. - 3 Name and location of banks and "branches Class of bank Date of change Changes in name or location (Cont'd) Fishkill Savings Institute Name changed to — Fishkill Savings Bank Fishkill, N. Y. Ins. nonmem. 1- 1-51 Bank of Southwest Fargo Name changed to-West Fargo State Bank Southwest Fargo. N. D. Ins.nonmem. 1- 1-51 Richmond, Va. Ins. nonmem. 1-19-51 Spokane, Wash. Member 1-25-51 , South Richmond Bank Name changed to — Richmond Bank & Trust Co. Washington Trust Co. Name changed to -Washington Trust Bank Branches established (including branches at military and other government establishments and banks converted into branches) First National Bank of Arizona Gilbert Branch (De novo) Phoenix, Ariz. Gilbert, Ariz. National Security Bank McRae Window (Formerly Peoples Exchange) Searcy, Ark. McRae, Ark. Ins. nonmem. First National Trust & Savings Bank College Center Branch (De novo) San Diego, Calif. National 6011 El Cajon Blvd. Colonial Trust Co. Maryland Avenue Branch (De novo) Wilmington, Del. 901 Linden St. Indiana National Bank Union Branch (Formerly Union Trust Co.) Indianapolis, Ind. National 120 East Market St. 12-30*50 First National Bank Security Office (Formerly Security Bank) Louisville, Ky. 403 E. Market St. 1- 2-51 Wellesley National Bank Wellesley Hills Office (De novo) Wellesley, Mass. National 322-324 Washington St. 1-22-51 North Fork Bank & Trust Co. Cutchogue Office (Formerly First National Bank) Mattituck, N. Y. Cutchogue, N. Y. 1-29-51 1-22-51 1- 2-51 1- 2-51 Noninsured 10-26-50 , Ins. nonmem. 1 r - 4 Name and location of banks and branches Class of bank Date of change Branches established (Cont'd) (including branches at military and other government establishments and banks converted into branches) Member Federation Bank & Trust Co. Grand Central Zone Office (De novo) New York, N. Y. 6 East 45th St. Queens County Savings Bank Little Neck Office \ (De novo) New York, N. Y. Ins. nonmem. 251-31 Northern Blvd. Little Neck, N. Y. Lincoln National Bank & Trust Co. De Witt Office (De novo) Syracuse, N. Y. National Comer of East Genes see St. & Jamesville Road De Witt N. Y. - First-Citizens Bank & Trust Co. Havelock Branch (De novo) North Side Branch (De novo) National City Bank Shaker Square Branch (De novo) Smithfield, N. C. Ins. nonmem. Cherry Point, N. C. Raleigh, N. C. Cleveland, Ohio National 2771 East 132nd St. Providence Union National Bank Providence, R. I. National & Trust Co. Westminister Street Office 100 Westminister St. (De novo; formerly head office of Providence National Bank. This bank consolidated with Union Trust Co., under new title of Providence Union National Bank & Trust Co. and moved to the former location of the Union Trust Co.) National Bank of South Dakota South Branch (De novo) Sioux Falls, S. D. National 2501 South Minnesota Avenue South Sioux Falls, S. D. West Side National Bank East Side Branch (De novo) Yakima, Wash. National 117 East Yakima Ave. 1- 3-51 1- 6-51 1- 2:-51 1-24-51 1-22-51 1-15-51 1- 8-51 1- 2*51 1-18-51 Banking facilities established at military and other Government establishments through arrangements made by Treasury Department " Bank of America N. T. & S. A. United States Naval Air Station Facility San Francisco, Calif. National Los Alamitos, Calif. 1-15-51 1-30-51 - 5 Class of bank Name and location of banks and branches Date of change Branches acquired by absorption or purchase Indiana National Bank Indianapolis, Ind. National Security Branch 130 East Washington St. Shelby Street Branch 2213 Shelby Street. West Indianapolis Branch 1225 Kentucky Avenue (Formerly branches of Union Trust Co. Indianapolis, which consolidated with Indiana National Bank) Providence Union National Bank & Trust Co. Hopkins Square Branch Olneyville Branch E. Greenwich Branch Providence, R. I. National 568 Charles Street 38 Olneyville Square 200 Main Street East Greenwich, R. I. Arctic" Branch 5 Washington Street West Warwick, R. I. Woonsocket Branch 290 Main Street Woonsocket, R. I. (Formerly branches of Union Trust Co. Providence, which consolidated with the Providence National Bank under new title, Providence Union National Bank & Trust Co.) 12-30-5) 1- 8-51 Changes in name or location of branches Bank of America, N. T. & S. A. *Broadway-Grand Branch Changed from Changed to 1- 2-51 Security-First National Bank Oak Knoll Branch Renamed Lake and Colorado Branch *Temple City Branch Changed from Changed to Los Angeles, Calif. National 880 East Colorado St. Pasadena, Calif. 1- 2-51 Detroit Bank Gratiot-Westphalia Branch Moved from j Moved to ^ San Francisco, Calif. National Oakland, Calif. 2200 Broadway 2250 Broadway Detroit, Mich. First National Bank & Trust Co. Biltmore Branch Moved from Moved to and renamed Biltmore Office Asheville,N. C. Temple City, Calif. 2153 East Las Tunas Drive 9545 East Las Tunas Drive Member 12851 Gratiot Avenue 12917 Gratiot Avenue National Plaza in Biltmore Section 91 Hendersonville Road, Biltmore 1- 2-51 1-15-51 1- 2-51 * These changes are due to renumbering of streets and do not represent changes in the actual locations. - 6 - Name and location of "banks and branches Class of bank Date of change Changes in name or location of "branches (Cont'd) Plantations Bank of Rhode Island Olneyville Branch Moved from Moved to Providence, R. I. Ins. nonmem. 1-22-51 30 Olneyville Square 66l Broadway, Olneyville Revisions of previous reports The Peoples Bank, 1950. Advice Bank, Searcy, statement covering the month of December 1950 reported that the McRae, Arkansas was placed in voluntary liquidation on December 30, has now been received that this bank was taken over by The Security Arkansas and the date of change was January 2, 1951. The statement covering the month of October 1946 reported that the Keesler Field Facility operated by First National Bank of Biloxi, Biloxi, Mississippi discontinued on September 30, 1946. Advice has now been received that this facility was reestablished on June 16, 1949J and that during the period September 30, 1946 to June 16, 1949 the office continued to operate as an unauthorized branch. The statement covering the month of May 1946 reported that the Finney General Hospital Facility operated by Bank of Thomas County, Thomasville, Georgia opened for business on May 22, 1946. Advice has now been received that it did not reopen.