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RESEARCH DEPARTMENT
CONFIDENTIAL
7

BOARD

L-ANK
THE FED

RESERV3

J A N 2 0 1948
RESERVE BANK
tCHMOND

•o'
O

L.I4..5 / THIS COMPILATION IS 'DERIVED LARGELY FROM SECONDARY SOURCES. January 15, 1948
'
I
A T ^TPTfi, r.T-n^-3 rv r-Arr-? T T THE' SPIKING STRUCTURE.
>
>
CHANGES IN STATUS OF B A M S AND BRANCHES AS REPORTED- DURING DECEMBER 1947
Name and location of banks and branches

Class of bank

Date of
change

New banks
(except successions and conversions)
Costa Mesa Bank
Citizens Bprnk
Republican Valley Bank
Willamette Valley Bank
First State Bank
Winkler County State Bank

Costa Mesa, Calif,.
Gainesville, Fla»
Orleans, Nebr.
Salem, Ore,
Greggton, Texas
Wink, Texas

Brooklet Banking Co.
(Unincorporated bank)

Brooklet, Ga,

12-8-47

Ins; nonmem#
Ins, nonmem;
Ins, nonmenu
Ins, nonmem'.
Member
Ins. nonmem.

12-15-47

Uninsured

10-7-47

Uninsured

12-1-47

12-3-47

12-1-1+7

12-1-ltf

12-6-47

Suspensions

Consolidations, absorptions, etc.
Bank of Ferris
Absorbed b y Citizens National Trust
& Savings Bank

Ferris, Calif.

Citizens National Bank
Citizens Trust & Savings Bank
These two banks consolidated
under charter and title o f —
Citizens National Bank

Evansvilie, Ind.
Evansville, Ind,

The State Bank
Absorbed b y Elk State Baqk

Ames, Kans.

Title Guarantee & Trust Co.
Absorbed b y Union Trust Co. of Maryland

Baltimore, Md,

Fidelity Trust Co,
Bank of Baltimore County
These two banks consolidated
under charter and title o f —
Fidelity Trust Co,

Baltimore, • Md.
Towson, Md.

Riverside, Calif.

Evansvilie, Ind.

Clyde, Kans,

Baltimore, Md,

Baltimore, Md,

National
National
Ins. nonmem.

National
Ins. nonmem,

12-8-47

Ins. nonmem.
Uninsured

12-31-47

Member
Member
Ins, nonmem.

Member

THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES.
VOT AN OFFICIAL REPORT 0? CHANGES IN THE BAliKIHG STRUCTURE.




12-1-47

12-20-47

2 Name and location of banks and branches

Class of bank

Date of
change

Consolidations, absorptions, etc. - Cont'd
Clinton Trust Co,
Absorbed b y Fidelity Union Trust Co.

Newark, N. J*
Newark, N. J.

Member

Rensselaer County Bank & Trust Co. Rensselaer, N. Y. ;
Absorbed b y National Commercial Bank &
Albany,
Y.
Trust Co.

Member

First National Bank of Catawba Cty. Hickory, N. C.
Hickory, N. C.
First Security Trust Co.
These two banks consolidated
i
under charter and title o f —
First National Bank of
Hickory, N. C.
Catawba County

National
Uninsured

Foxburg Bank
Absorbed b y —
Butler Savings & Trust Co.

Foxburg, Pa.

First National Bank
Absorbed b y Butler County Nat'l Bank

Harrisville, Pa.

Butler, Pa.

Butler, Pa.

Hays National Bank
Hays, Pittsburgh,
Monongahela Trust Co.
Homestead, Pa,
These two banks were absorbed b y Peoples First National Bank
& Trust Co,
Pittsburgh, Pa.
First National Bank & Trust Co.
East Pittsburgh, Pa.
Forbes National Bank
Pittsburgh, Pa.
First National Bank
Swissvale, Pa.
First National Bank
Wilmerding, Pa.
These four banks were absorbed b y Mellon National Bank & Tr. Co.
Pittsburgh, Pa.
Peoples Bank
Absorbed by-Commercial Bank

Donalds, S. C.

Lyons State Bank
Absorbed b y —
Meinhardt Bank

Lyons, Wis.




Honea Path, S. C.

Burlington, Wis,

12-22-1+7

Member
12-22-1+7

National
12-J1-U7

National *
Ins. nonmem.

12-1-1+7

Ins. nonmem.
National

12-30-1+7

National
National
Member •

12-15-1+7
12-8-1+7

National
National
National
National
National

12-15-1+7
12-22-1+7
12-8-1+7
12-1-1+7

National
Ins. nonmem.

12-1-1+7 .

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

12-6-1+7

- 3 Name and location of banks and branches

Class of bank

Date of
change

Admissions of State Banks to Federal Reserve membership
Community Bank & Trust Co.
Citizens Bank
Security Trust Co*

New Haven, Conn#
Cape Vincent, N; Y.
Rochester, N, Y.

12-29-47

Ins; nonmem;
Ins; nonmem;
Ins. nonmem.

12-23-U7

12-3-47

Changes in name or location
Hibernia Savings & Loan Society
Name changed t o —
Hibernia Bank

San Francisco, Calif.

Ins. nonmem.

12-12-47

Farmers State Bank
Name changed t o —
Security Bank

Westport, S. Dak.

Ins. nonmem.

11-26-47

Branches established
(excluding offices at military reservations but including
banks converted into branches)
Bank of Douglas
Camelback Branch
(De novo)

Douglas, Ariz.
25 East Camelback Rd.
Phoenix, Ariz.

Ins. nonmem.

Bank of Arizona
Cottonwood Branch
(De novo)

Prescott, Ariz,
Cottonwood, Ariz.

Ins. nonmem.

Jerome Branch
(De novo)

11-1-47

Jerome, Ariz.

Citizens National Tr. & Svgs. Bank Riverside, Calif.
Perris, Calif.
Perris Branch
(Formerly Bank of Perris)
American Trust Co.
Columbus Avenue Branch
(De novo)

9-29-47

San Francisco, Calif.
I . 8 Columbus Avenue
46
San Francisco, Calif.

10-3-47
National

12-1-47
Member
12-1-47

Alhambra Broadway Branch
(De novo)

3031 Broadway
Sacramento, Calif.

12-15-47

San Pablo Branch
(De novo)

2636 San Pablo Avenue
San Pablo, Calif.

12-22-47

Anglo California National Bank
East Oakland Branch
(De novo)




San Francisco, Calif.
3451 East l4th Street
Oakland, Calif*

National

12-20-47

- I. j
Name and location of banks and branches

Class of bank

Date of
change

Branches established • Cont'd
-P(excluding offices at military reservations ^ut including
banks converted into branches)
Bank of America, N* T. & S. A,
East Fresno Branch
(De novo)

San Francisco, Calif.'
1+337 East Tulare St.
Fresno, Calif.

National

Society for Savings
West Hartford Branch
(De novo)

Hartford, Conn. :
99U Farmington Ave. '
West Hartford, Conn.

Uninsured

Merchants National Bank
Belmont Branch
(De novo)

Indianapolis, Ind.
National
213U Washington Street

Wright County State Bank
Rowan Office
(De novo)

Clarion, Iowa
Rowan, Iowa

Ins. nonmem.

Canal National Bank
Yarmouth Branch
(De novo)

Portland, Maine
Yarmouth, Maine

National

Fidelity Trust Co.
Towson Branch
(Formerly Bank of Baltimore
County)

Baltimore, ITd.
Towson, Md.

Member

Fidelity Union Trust Co,
Citizens-Clinton Branch
(Formerly Clinton Trust Co.)

Newark, N, J,
505 Clinton Ave.

Member

12-22-1:7

12-19-47

11-17-U7

11-20-U7

12-20-U7

12-20-U7

12-22-U7

National Commercial Bank & Tr. Co, Albany, N. Y.
810 Broadway
Rensselaer Branch
(Formerly Rensselaer County
Rensselaer, N,
Bank & Trust Co.)

12-22-itf

Eastchester Savings Bank
Fleetwood Branch
(De novo)

Mount Vernon, N.: Y.
• Ins. nonmem.,
5U.0-5U2 Gramatan Ave.

12-1-47

Chemical Bank & Trust Co.
East l+2nd Street Branch
(De novo)

New York, N. Y. ;
U05 East i+2nd Street

Member
12-3-^7

Genesee Valley Trust Co*
Ridge Culver Office
(De novo)

Rochester, N, Y*
2001 Ridge Road East
Irondequoit, N. Y,

Ins, nonmem.




12-1-U7

- 5 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)
Commercial National Bank
Morehead Street Branch
. (De novo)

Charlotte, N. C.
' National
1J5 West Morehead St.

First National Bank
Central Point Branch
(De novo)

Portland, Ore.
Central Point, Ore.

Butler, Pa.
Butler County National Bank
Harrisville, Pa.
Harrisville Branch
(Formerly First National Bank)

12-15-47

National
12-1-47

National
12-30-47

Butler Savings & Trust Co.
Foxburg Branch
(Formerly Foxburg Bank)

Butler, Pa.
Foxburg, Pa.

Ins. nonmem.

Mellon National Bank & Trust Co.
East Pittsburgh Branch
(Formerly First National Bank
& Trust Co.)

Pittsburgh, Pa,
663 Braddock Ave.
East Pittsburgh, Pa.

National

12-1-47

12-15-47

Oakland Branch
(Formerly Forbes Nat'l Bank)

3718 Fifth Ave.
Pittsburgh, Pa.

12-22-47

Swissvale Branch
(Formerly First National Bank)

2016 Noble Street
Swissvale, Pa.

12-8-47

Wilmerding Branch
. (Formerly First National Bank)

200 YJestinghouse Ave.
Wilmerding, Pa.

12-1-47

National
Peoples First National Bank & Tr.Co. Pittsburgh, Pa.
Hays Branch
322 Baldwin Road
(Formerly Hays National Bank)
Hays, Pittsburgh, Pa.

12-8-47

Homestead Branch
145 Eighth Avenue
(Formerly Ilonongahela Trust Co.) Homestead, Pa.
Commercial Bank
Donalds Branch
(Formerly Peoples Bank)
Due West Branch
(De novo)




Honea Path, S. C
Donalds, S. C.

Due West, S» C

12-15-47

Ins. nonmem.
12-1-47

12-1-47

- 6 Name and location of banks and branches

Class of bank

Date of
change

Branches established - Cojnt'd
(excluding offices at military reservations but including
banks converted into branches)
Union Peoples Bank
Oliver Springs Branch
(De novo) 7

Clinton, Tenn*
• Ins. nonmem*
Oliver Springs, Tenn.

American National Bank
Melrose Branch
(De novo)

Nashville, Tenn.
2535 Franklin Road

12-9-47

National
12-1,47

Branches acquired b y absorption or purchase
Fidelity Union Trust Co.
Lyons Avenue Branch
(Formerly branch of Clinton
Trust Co., Newark, N. J.,
which was absorbed by
Fidelity Union Trust Co.)

Newark* N. J.
295 Lyons Avenue

Member..
12-22-47

National Commercial Bank & Tr. Co. Albany, N. Y.
Riverside Branch
I56 Broadway 1
(Formerly branch of
Rensselaer, N.
Rensselaer•County Bank
&'Trust Co., Rensselaer,
N. Y., which was absorbed
by National Commercial Bank
& Trust Co.)

National

Butler Savings & Trust Co.
Parkers Landing Branch
(Formerly branch of Foxburg
Bank, Foxburg, Pa., which
was absorbed by Butler
Savings & Trust Co.)

Butler, Pa.
Parkers Landing, Pa.

Ins. nonmem.

Mellon National Bank & Trust Co.
Gulf Building Branch
(Formerly branch of Forbes
National Bank, Pittsburgh,
Pa., which was absorbed by
Mellon National Bank &
Trust Co.)

Pittsburgh, Pa.
701 Grant Street

National

Pitcairn Branch
P i t c a i m , Pa;
Trafford Branch
Trafford, Pa.
(Formerly branches of First
National Bank, Uilmerding, Pa.,
which was absorbed by Mellon
National Bank & Trust Co.)




12-22-47

12-1-47

12-22-47 •

12-1-47
12-1-47

- 7 Name and location of banks and branches

Class of bank

date of

Branches discontinued
Farmers State Bank
Rowan Office

Dows, Iowa
Rowan, Iowa

Ins# nornnem#

Evangeline Bank & Trust Co#
llano u Branch

Vill'e Platte, La.
Mamou, La,

Ins# nonmem#

Peoples Loan, Savings &
Deposit Bank
Cambridge Branch

Cambridge, Md,
20 Race Street.

Ins. nonmem*

Fidelity Union Trust Co,
Citizens Branch

Newark, N, J,
5Gl+ Clinton Ave#

Member

11-20-1+7

12-10-1+7

12-1-1+7

12-22-1+7

Changes in name or location of branches
Security-First National Bank
Crenshaw & Santa Barbara Branch
Moved from
Moved to

Los.Angeles, Calif#

Bank of America, N. T. & S. A#
Santee-Textile Branch
Moved from
Moved to
and renamed
Textile Branch

San Francisco; Calif#
National
Los Angeles, Calif,
817 Santee Street
861+ South Los Angeles St,.

Bankers Trust Co#
57th Street Office
Moved from
Moved to
and renamed
Park Avenue Office

New York, N. Y#

Bank for Savings in the City
of New York
East Side Branch
Moved from
Moved to
Corn Exchange Bank Trust Co#
Astoria Branch
Moved from
Moved to




National
12-12-1+7

2+213 Crenshaw Blvd.
3650 West Santa Barbara Ave.

12-1-1+7

M
12-1-1+7

Madison Ave, & 57th'St#
Park Ave, & 57th St#

New York, N. Y#

Ins. nonmem.

1201 Third Avenue
1251 Third Avenue
New York, N. Y.
Member
Long Island City, N, Y.
3-17 Astoria Blvd.'
31-05-07-09 30th Ave.

12-15-47

12-15-1+7