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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.
