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CONFIDENTIAL
L.4.5

j
j^r.j y
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM! .

THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. '.January 19, 1953
NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.
CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING DECEMBER 1952
Name and location of banks and branches

Class
of bank

Date of
change

New banks
(except successions and conversions)
Peoples Bank & Trust Co.

Wilmington, Del.

Ins.non. 12-19-52

Bank of Utah

Ogden, Utah

Member

12- 1-52

Voluntary liquidations
(except incident to absorptions, successions, etc.)
Gallatin County Deposit Bank

Warsaw, Ky.

Ins.non. 11-10-52

Security State Bank

Borup, Minn.

Ins.non.

Crawford, Miss.

Nonins.

Bank of Crawford

7-23-52
12-11-52

Consolidations, absorptions, etc.
First National Bank
First National Bank of
San Mateo County
These two banks' consolidated
under charter and title of
First National Bank of
San Mateo County

Belmont, Calif.

National 12-27-52

Redwood City, Calif.

National

Redwood City, Calif.

Bank of Montreal
Absorbed by -First. National Bank

Chicago, 111.

Holt State Bank
American State Bank
These two banks consolidated
under charter and title of American State Bank

Holt, Mich.
Lansing, Mich.

Osgood Banking Co.
Absorbed by -Trenton Trust Co.

Osgood, Mo.

Chicago, 111.

Lansing, Mich.

Trenton, Mo.

Savings Investment & Trust Co.
East Orange, N. J.
National Newark & Essex Banking Co.
Newark, N. J.
These two banks consolidated
under charter and title of —
National Newark & Essex Banking Co. Newark, N. J.




National
Nonins.

12-12-52

National
Ins.non. 12-29-52
Member
Member
Ins.non. 11- 8-52
Ins.non.
Member
12-15-52
National
National

-

2

-

Class
of bank

Name and location of banks and branches

Date of
change

Consolidations, absorptions, etc. (Cont'd)
First National Bank
Huntington, N. Y.
First National Bank & Trust Co.
Northport, N. Y.
These two banks consolidated
under charter of First National Bank
of Huntington and title of —
First Suffolk National Bank
Huntington, N. Y.
Huguenot Trust Co.
New Rochelle Trust Co.
These two banks merged
under charter and title of —
New Rochelle Trust Co.

New Rochelle, N. Y.
New Rochelle, N. Y.

Hiram Maxfield State Bank
Security Trust Co.
These two banks merged
under charter and title of —
Security Trust Co.

Naples, N. Y.
Rochester, N. Y.

National
National

12-23-52

National
Ins.non.
Ins.non.

12- 1-52

Ins.non.
Member

12-29-52

New Rochelle, N. Y.

Rochester, N. Y.

Member

Admission of State banks to Federal Reserve membership
Security State Bank

Hartley, Iowa

Ins.non,

12-24-52

Sullivan County Trust Co.

Monticello, N. Y.

Ins.non.

12-19-52

Northfield National Bank & Trust Co. Northfield, Minn.
Name changed to —
»
Northfield National Bank

National

12- 1-52

Banking House of A. W. Clarke
Name changed to —
Clarke Bank

Ins.non.

12- 1-52

Changes in name or location

Papillion, Nebr.

The following result from the incorporation of former counties and cities as
independent cities:
Bank of Phoebus
Old National Bank
Name of town changed to —

Phoebus, Va.
Phoebus, Va.
Hampton, Va.

Member
National

7- 1-52
7- 1-52

Bank of Warwick
Name of town changed to --

Hilton Village, Va.
Warwick, Va.

Member

7-16-52




- 3 Name and location of banks and branches

Class
of bank

Date of
change

Branches established
(including branches at military and other Government
establishments and banks converted into branches)

Modesto Bank & Trust Co.
West Side Branch
- (De novo)

Modesto, Calif.
811 5th Street

Ins.non.

First National Bank of
San Mateo County
Belmont Office
(Formerly First National Bank)

Redwood City, Calif.
1180 El Camino Real
Belmont, Calif.

National

American Trust Co.
Menlo Park Branch
(De novo)

San Francisco, Calif.
720 Santa Cruz Ave.
Menlo Park, Calif.

Member

Bank of America N.T. & S.A.
- Bakersfield - Westchester Branch
(De novo) ,
Westlake Branch
(De novo)
Palm Desert Branch
(De novo)

San Francisco, Calif.
2501 F Street
Bakersfield, Calif.
331 South Mayfair Ave.
Daly City, Calif.
Palm Desert, Calif.

National

Milford Trust Co.
Devon Branch
(De novo)

Milford, Conn.
205 Bridgeport Ave.
Devon, Conn.

Ins.non.

Colonial Trust Co.
Woodbury Branch
(De novo)

Waterbury, Conn.
Woodbury, Conn.

Member

Planters Bank & Trust Co.
West Side Branch
(De novo)

Hopkinsville, Ky.
Ninth Street

Member

Baltimore, Md.
5664 Alameda Blvd.

Ins.non.

Springfield National Bank
Agawam Branch
(De novo)

Springfield, Mass,
51 Springfield St.
Agawam, Mass.

National

Manufacturers National Bank
Telegraph - Carlysle Branch
(De novo)

Detroit, Mich.
National
3655 South Telegraph Rd.
Dearborn, Mich.

v/ Butaw Savings Bank
Alameda Office
(De novo)




12-22-52

12-27-52

12-15-52

12-22-52
12-15-52
12-15-52

12-22-52

12-15-52

12- I-52

12-22-52

12-22-52

12- I-52

- 4 Class
of bank

Name and location of banks and branches

Date of
change

Branches established (Cont'd)
(including branches at military and other Government
establishments and banks converted into branches)
National

National Bank of Detroit
Dequindre - Eight Mile Office
(De novo)
Southfield - Warren Office
(De novo)

Detroit, Mich.
20465 Dequindre Ave.

National Bank of Jackson
Michigan Center Office
(De novo)

Jackson, Mich.
National
4522 Page Ave.
Michigan Center, Mich.

American State Bank
Holt Branch
(Formerly Holt State Bank)

Lansing, Mich.
Holt, Mich.

Member

Merchants & Farmers Bank
Court Square Branch Office
(De novo)

Kosciusko, Miss.
102 East Jefferson St.

Ins.non.

17733 Warren Avenue, West

First National Bank
Bloomingdale, N. J.
West Milford Office
West Milford, N. J.
(De novo; replaces the previously
operating Seasonal Agency.)

12-15-52
12- 8-52

12- 4-52

12-29-52

9-13-52

12- 5-52

National

National Newark & Essex Banking Co.
Brick Church Office
(Formerly Savings Investment
& Trust Co.)

Newark, N. J.
525 Main Street
East Orange, N

Garden City Bank & Trust Co.
Seventh Street Branch
(De novo)

Garden City, N. Y.
100 Seventh St.

First Suffolk National Bank
Northport Office
(Formerly First National Bank
& Trust Co.)

Huntington, N. Y.
54 Main Street
Northport, N. Y.

New Rochelle Trust Co.
Huguenot Office
(Formerly Huguenot Trust Co.)

New Rochelle, N. Y.
310 North Avenue

Ins.non.

Dry Dock Savings Bank
Delancey Street Branch
(De novo)

New York, N. Y.
136 Delancey Street

Ins.non.




12-15-52

12- 2-52

12-23-52

12- 1-52

12-17-52

- 5 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)
Manhattan Savings Bank
New York, N. Y.
Broadway Office
754 Broadway
(De novo; formerly head office
of Manhattan Savings Bank, which
moved from 754 Broadway to 385
Madison Avenue)

Ins.non.

Manufacturers Trust Co.
570 Lexington Avenue Office
(De novo)

New York, N. Y.
570 Lexington Ave.

Member

Security Trust Co.
Naples Office
(Formerly Hiram Maxfield
State Bank)

Rochester, N. Y.
S. W. corner of Mill
& Main Street
Naples, N. Y.

Member

yCommercial National Bank
Park View Branch
(De novo)

Kinston, N. C.
104 W. Highland Ave.

National

v/ Security Bank & Trust Co.
West Main Street Branch
(De novo)

Rutherfordton, N. C.
337 West Main Street
Forest City, N. C.

Ins.non.

Marine Savings Bank Co.
Avon Avenue Branch
(De novo)

Ashtabula, Ohio
625 Lake Avenue

Ins.non.

Bank of Ohio Company
Van Aken Center Branch
(De novo)

Cleveland, Ohio
20313 Van Aken Blvd.

Ins.non.
1

National Bank of Lima
High Street Branch
(De novo)

Lima, Ohio
121 West High Street

National

First National Bank
Jamestown Branch
(De novo)

Greenville, Pa.
Liberty Street
Jamestown, Pa.

National

Philadelphia Savings Fund Society
Castor Avenue Branch
(De novo)

Philadelphia, Pa.
7256 Castor Avenue

Ins.non.




12- 4-52

12- 8-52

12-29-52

12- 4-52

12-29-52

12- 5-52

12-19-52

12-22-52

12- 1-52

12- 5-52

- 6

-

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)
Peoples First National Bank & Tru
Gateway Branch
(De novo)
First National Bank of S. C.
Time Payment Department Branch
(De novo)

Columbia, S. C.
1218 Washington St.

Third National Bank
Madison Office
(De novo)

Z

Pittsburgh, Pa.
525 Penn Avenue

Nashville, Tenn.
National
142 Gallatin Road South
Madison, Tenn.

f Peoples Bank
Rose Hill Branch
(De novo)

Ewing, Va.
Rose Hill, Va*

12-23-52
National
12-15-52

12- 4-52

Ins.non.
12-17-52

Banking facilities established at military and other Government
establishments through arrangements made by Treasury Department
Anacostia National Bank
Boiling Air Force Base

Washington, D. C.
Washington, D. C.

National
12-15-52

Branches acquired by absorption or purchase
National Newark & Essex Banking Co.
Arlington Avenue Branch

Newark, N . J .
338 Main Street
East Orange, N. J.
623 Central Avenue
Central Avenue Office
East Orange, N. J.
115 Main Street
Hollywood Avenue Office
East Orange, N. J.
310 Main Street
Orange Office
Orange, N. J.
Ik East South Orange Ave.
South Orange Branch
(Formerly branches of Savings
South Orange, N. J.
Investment & Trust Co., East Orange,
N. J., which consolidated with
National Newark & Essex Banking Co.)

New Rochelle Trust Co.
New Rochelle, N. Y.
22 Church Street
Church Street Office
(Formerly branch of Huguenot Trust
Co., New Rochelle, N. Y., which
merged with New Rochelle Trust Co.)




12-15-52
12-15-52
12-15-52
12-15-52
12-15-52

Ins.non.
12- 1-52

- 7 -

Name and location of banks and branches

Class
of bank

Date of
change

Branches discontinued
Manhattan Savings Bank
Uptown Office
Rockefeller Plaza Branch

New York, N. Y.
570 Lexington Ave.
7 Rockefeller Plaza

Potter Bank & • Trust Co.
Prick Building Branch

Pittsburgh, Pa.
Member
Fifth Ave. & Grand St.

12- 3-52
12- 3-52
3-15-52

Changes in name or location of branches
Bank.of America N.T. & S.A.
Slauson-Vermont Branch
Moved from
Moved to
Ocean Beach Branch
Moved from
Moved to

San Francisco, Calif.
National
Los Angeles, Calif.
5821 South Vermont Ave.
5717 South Vermont Ave.
Ocean Beach, Calif.
Newport & Bacon Sts.
4976 Newport Ave.

Riggs National Bank
Northwest Branch
Moved from
Moved to

Washington, D. C.

City Bank
West Seven Mile Road Branch
Moved from
Moved to

Detroit, Mich.

First National Bank
Bergen Square Branch
Moved from
Moved to

Jersey City, N. J.

Lincoln National Bank & Trust Co.
Chimes Office
Moved from
Moved to

Syracuse, N. Y.

First National Bank of S. C.
Charleston Branch
Moved from
Moved to

Columbia, S. C.
Charleston, S. C.
23 Broad Street
18 Broad Street

12- 8-52
12-15-52

National
12- 1-52

l8th & Columbia Rd., N.W.
1779 Columbia Rd., N. W.
Member
12-12-52

20412 West Seven Mile Road
20300 West Seven Mile Road
National
12-22-52

880 Bergen Avenue
870 Bergen Avenue
National
12-22-52

508 South Salina St.
500 South Salina St.
National

10-13-52

Revision of previous report
The statement covering the month of June 1952 reported that the Howard National
Bank & Trust Co. Burlington, Vermont, opened a branch at 118 Church Street, Burlington on June 2, 1952. Advice has now been received that this branch was never opened
for business.