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1

P. %. CONFIDENTIAL

THIS 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

July 18, 1957
CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING JUNE
Name and location of banks and branches

Class
of bank

Date of.
change

New banks
(except successions and conversions)
Peoples Bank

Aurora, Colo,
Adams County

Nonins,

6-27-57

Englewood Bank

Englewood, Fla.
Sarasota County

Ins.non.

6-21-57

Citizens Bank of Broward County

Hollywood, Flae
Broward County

Ins.non.

6- 3-57

Rochelle State Bank

Rochelle, 111.
Ogle County

Ins. noii,

6-21-57

Guaranty Bank & Trust Co,

New Roads, La.
Ins.non.
Pointe Coupee County

Chelsea Morris Plan Bank & Banking Co.
(Organized to succeed Chelsea Morris
Plan Company)

Chelsea, Mass.
Suffolk County

Nonins,

2-21-57

Great Lakes Commerce Bank

Mentor, Ohio
Lake County

Ins.non.

6-15-57

Blue Ridge Bank

Walhalla, S. C„
Oconee County

Ins.non.

6-17-57

Bank of Ben Lomond

Ogden, Utah
Weber County

Ins.non,

6-20-57

Bear River State Bank

Tremonton, Utah
Box Elder County

Nonins.

6-15-57

National

6-20-57

6-29-57

Suspension
Del Rio National Bank
(For July, this statement will
report this bank as reopening
on July 3, 1957)




Del Rio, Texas

-2-

Name and location of banks and branches

Class
of bank

Date of
change

Member
Ins.non.

6-24"57

Consolidationst absorptions. etc.
California Bank
Norwalk Commercial & Savings Bank
Merged under charter and
title of —
California Bank

Los Arigeles, Calif.
Norwalk, Calif.

Trust Company of Old Greenwich
Stamford Trust Co.
Merged under charter and
title of —
Stamford Trust Co.

Old Greenwich, Conn.
Stamford, Conn.

Ins.non.
Ins.non.

Statiford, Conn.

Ins.non.

. Wanamaker State Bank
Absorbed by —
American Fletcher National Bank
& Trust Co.

Los Angeles, Calif.

Wanamaker, Ind.
Indianapolis, Ind.

Member
6- 3-57

Ins.non.

6- 3-57

National

Bank of Upton
Absorbed by —
First-Hardin National Bank

Upton, Ky.

Andover & Merrimack National Bank
Methuen National Bank
Consolidated under charter of
Andover & Merrimack National Bank
and title of —
Merrimack Valley National Bank

Haverhill, Mass.
Methuen, Mass.

Haverhill, Mass.

National

Newton Centre Savings Bank
Newton Savings Bank
Merged under charter and
title of —
Newton Savings Bank

Newton Center, Mass.
Newton, Mass.

Nonins,
Nonins.

Elizabethtown, Ky,

Newton, Mass.

Grand Haven State Bank
Grand Haven, Mich.
Ravenna State Bank
Ravenna, Mich.
Consolidated under charter of
Grand Haven State Bank and
title of —
Security First Bank & Trust Co.
Grand Haven, Mich.
National State Bank
Elizabeth, N. J.
First National Bank & Trust Co.
Summit, N. J.
Consolidated under charter of
National State Bank of Elizabeth and
title of —
National State Bank, Elizabeth
Elizabeth, N. J,




Ins0non.

6-15-57

National ;
National
National

6-17-57

6- 3-57

Nonins,
Member
Ins.non,

6- 1-57

Member
National
National

National

6- 3-57

-3Name and location of banks and branches

Class
of bank

Date of
change

Member
Ins.non,

6-15-57

Consolidations, absorptions, etc. (Cont'd)
Canaseraga State Bank
Canaseraga, N. Y,
First Trust Co,
Wellsville, N. Y.
Merged under charter of
First Trust Co. and
title of —
First Trust Co* of Allegany County Wellsville, N, Y,
College Point National Bank
Trust Company of North America
Merged under charter of
Trust Company of North America and
title of —
Bank of North America

New York, N. Y.
New York, N. Y,

Ins.non.
National
Ins.non.

New York, N, Y.

Ins.non,

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

Sparkill, N. Y.
Spring Valley, N. Y.

National
National

First National Bank & Trust Co.
Transylvania Trust Co.
First National Bank
Consolidated under charter and
title of —
First National Bank & Trust Co.

Asheville, N. C.
Brevard, N, C.
Waynesville, N. C,

First National Bank
Miners National Bank
Merged under charter and
title of —
Miners National Bank

Ashley, Pa.
Wilkes-Barre, Pa.

6-13-57

6-24-57

Spring Valley, N. Y. National

Asheville, N. C,

Wilkes-Barre, Pa.

National
Ins.non.
National

y
6-24-57

National
National
National

6-17-57

National

Withdrawal of State Bank from Federal Reserve Membership
Pleasant Hill Bank

Pleasant Hill, Mo.

Insurance 6- 5-57
continued

Changes in name or location of banks
Dealers & Growers State Bank
Name changed to —
Florida Dealers & Growers Bank




Jacksonville, Fla.

Ins.non.

5-31-57

-4Class
of bank

Name and location of banks and branches

Date of
change

Changes in name or location of banks (Centyd)
State Savings .Bank
Name changed to —
State Bank & Trust Co,

Ann Arbor, Mich.

Member

6-17-57

Peoples Bank
Name changed to —
Peoples Bank & Trust Co,

Dayton, Ohio

Member

5-21-57

Farmers & Merchants National Bank
Name changed to —
First National Bank

Abilene, Texas

National

6-28-57

First State Bank
Name changed to —
Bank of the Mainland

LaMarque, Texas

Member

6- 7-57

Texas State Bank
Name changed to —
American Bank of Commerce

Victoria, Texas

Ins,non,

6-17-57

Branches established de novo
(includes branches at military and other Government establishments)
First National Bank of Arizona
Casa Grande Office
423 North Florence Street

Phoenix, Ariz.
Casa Grande, Ariz.
Pinal County

Citizens National Trust & Savings Bank
Redlands Office
220 Ee State Street

Riverside, Calif.
National
Redlands, Calif.
San Bernardino County

6-17-57

Bank of America, N.T. & S.A.
World Trade Center Branch
114 World Trade -Center
Ferry Building

San Francisco, Calif. National
San Francisco, Calif.
San Francisco County

6-17-57

National

6- 3-57

Irvington Branch
301 North Broadway

Irvington, Calif.
Alameda County

6-17-57

Lemoore Branch
414 D Street

Lemoore, Calif.
Kings County

6-17-57

First Western Bank & Trust Co.
Castro Valley Office
8069 Castro Valley Blvd.




San Francisco, Calif. Ins.non.
Castro Valley, Calif.
Alameda County

6-28-57

-5-

Name and location of banks and branches

Class
of bank

Date of
change

Branches established de novo (Cont*d)
(Includes branches at military and other Government establishments)
First Western Bank & Trust Co.(cont'd)
Crescent City Office
936 Third Street
Fresno Tower Office
750 East Olive Street

San Francisco, Calif. Ins.non.
Crescent City, Calif.
Del Norte County

6- 7-57
6-28-57

Fresno, Calif.
Fresno County

First National Bank
Civic Center Office
1095 North First Street

San Jose, Calif.
San Jose, Calif,
Santa Clara County

County Bank of Santa Cruz
Boulder Creek Office

Santa Cruz, Calif.
Member
Boulder Creek, Calif.
Santa Cruz County

6-24-57

Pajaro Valley Bank "
Freedom Office
1501 Freedom Blvd.

Watsonville, Calif,
Ins„non.
Freedom Village, Calif.
Santa Cruz County
(P.O. Watsonville)

6- 3-57

North Side Bank & Trust Co.
Farmington Avenue Branch
825 Farmington Avenue

Bristol, Conn,
Bristol, Conn.
Hartford County

Ins.non.

6-21-57

Mechanics Savings Bank
Park Street Branch
744 Park Street

Hartford, Conn,
Hartford, Conn.
Hartford County

Nonins.

Fidelity Bank & Trust Co.
Southeastern Branch
3000 Southeastern Avenue

Indianapolis, Ind.
Indianapolis, Ind.
Marion County

Member

Merchants National Bank & Trust Co.
Glendale Office
2113 Broad Ripple Avenue

Indianapolis, Ind.
Indianapolis, Ind.
Marion County

National

Bank of Commerce & Trust Co.
North Parkerson Avenue Branch
North Parkerson Avenue
(Formerly head office of
Bank of Commerce & Trust
Co. which moved from North
Parkerson Avenue to 326 North
Avenue G).

Crowley, La.
Crowley, La.
Acadia County

Ins.non.




National

6-17-57

6-12-57

6-26-57

6-17-57

4-23-57

-6—

Name and location of banlcs and branches

Class
of bank

Date of
change

Branches established de novo (Cont*d)
(includes branches at military and other Government establishments)
First National Bank
Bond Street Branch
9 South Bond Street

Bel Air, Md.
Bel Air, Md.
Harford County

National

Second National Bank
Cresaptown Branch

Cumberland, Md.
Cresaptown, Mi.
Allegany County

National

Nicodemus National Bank
Virginia Avenue Branch
2200 Virginia Avenue

Hagerstown, Mi.
Halfway, Md.
Washington County
(P.O. Hagerstown)

National

Bank of Silver Spring
Wheaton Office
2411 University Blvd. West

Silver Spring, Mi.
Silver Spring, Md.
Montgomery County

Ins.non.

Haverhill National Bank
Bradford Office
55 South Main Street

Haverhill, Mass.
Haverhill, Mass,
Essex County

National

Citizens Commercial & Savings Bank
Richfield at Center Roads Branch
3848 Richfield Road

Flint, Mich,
Flint, Mich.
Genesee County

Member

Oceana County Savings Bank
New Era Office
4683 N. First Street

Hart, Mich.
New Era, Mich.
Oceana County

Ins.non.

Citizens Bank
Broadway Drive Branch Office
Broadway Drive & Corinne Street

Hattiesburg, Miss.
Hattiesburg, Miss.
Forrest County

Member

Camden Trust Co.
Auxiliary Office
9-11-15-17 Chestnut Street

Camden, N. J.
Haddonfield, N. J,
Camden County

Member

Citizens National Bank
Roxbury Office
Route #10 & Richard Avenue

Netcong, N. J.
Succasunna, N. J.
Township of Roxbury
Morris County

National

Chase Manhattan Bank
170th Street Branch
121 East 170th Street

New York, N. Y,
New York, N. Y.
Bronx County

Member




6-24-57

6-10-57

6-10-57

6- 3-57

3-57

6-27-57

6-10-57

6-20-57

6-17-57

6- 3-57

6- 3-57 %
i

-7Name and location of banks and branches

Class
of bank

Date of
change.

Branches established de novo (Cont*d)
(Includes branches at militaiy and other Government establishments)
New York Trust Co.
Fifty-Ninth Street Office
650 Madison Avenue

New York, N, Y.
New York, N. Y.
New York County

Member

National Bank of Alamance
West Drive-In Branch
701 West Rim Street

Graham, N. C,
Graham, N. C„
Alamance County

National

State Bank & Trust Co,
Washington Street Drive-In Branch

Greenville, N. C,
Greenville, N. C.
Pitt County

Ins.non.

National Bank of Lumberton
Third Street Branch
installment Loan Office
112 West Third Street

Lumberton, N. C,
Lumberton, N. C.
Robeson County

National

Surry County Loan & Trust Co,
Franklin Street Branch
Franklin Street

Mount Airy, N. C.
Mount Airy, N. C.
Surry County

Ins.non,

Union Commerce Bank
Drive-In Branch
Carman Alley & Bridge Street

Cleveland, Ohio
Berea, Ohio
Cuyahoga County

Member

Maple Heights Branch
Turney & Dunham Roads

6-12-57

6-10-57

6-12-57

6-18-57

6- 3-57
6-24-57

Maple Heights, Ohio
Cuyahoga County

First National Bank
Amherst Office
450 Lake Avenue, N. E„

Massillon, Ohio
Massillon, Ohio
Stark County

National

First State Bank
Wallowa Branch
City Hall Building

Elgin, Ore.
Wallowa, Ore.
Wallowa County

Ins,non.

Portland Trust Bank
East Side Branch
2021 N, E, Sandy Blvd.

Portland, Ore.
Portland, Ore.
Multnomah County

Member

Beliefonte Trust Co,
Pleasant Gap Branch
West College Avenue

Bellefonte, Pa.
Pleasant Gap, Pa.
Centre County

Ins.non.




6-24-57

6-24-57

6-15-57

6-26-57

6-10-57

-Si-

Name and location of banks and branches

Date of
change

Class
of bank

Branches established de novo (Cont*d)
(Includes branches at military and other Government establishments)
First National Bank
Airport Office
4645 West Lake Road

Erie, Pa,
National
Millcreek Township, Pa.
Erie County-

6- 6-57

Philadelphia Saving Fund Society
Manoa Office
Manoa Shopping Center
West Chester Pike & Eagle Road

Philadelphia, Pa,
Havertown, Pa,
Delaware County

Ins0non.

6-27-57

Western Saving Fund Society
Levittown Shopping Center Office
713-715 Levittown Shopping Center

Philadelphia, Pa,
Levittown, Pa,
Bucks County

Ins.non.

Pawtucket Institution For Savings
Newport Avenue Branch
265 Newport Avenue

Pawtucket, R. I,
Pawtucket, R, I,
Providence County

Ins.non,

First National Bank
Grand Strand Branch

Jfyrtle Beach, S, C,
National
Ocean Drive Beach, S. C.
Horry County

First National Exchange Bank
Melrose Branch
4202 Melrose Avenue, N, W.

Roanoke, Va.
Roanoke, Va,
Independent City

National

National Bank of Washington
Mabton Branch

Tacoma, Wash,
Mabton, Wash,
Yakima County

National

6-28-57

4- 8-57

6-28-57

6-28-57

6-24-57

Banks converted into branches
(See also Consolidations. absorptions, etc.)
California Bank
Norwalk Office
13926 South San Antonio Drive
(Formerly Norwalk Commercial
& Savings Bank)

Los Angeles, Calif,
Norwalk, Calif,
Los Angeles County

Stamford Trust Co.
Old Greenwich Office
200 Sound Beach Avenue
(Formerly Trust Co, of
Old Greenwich)

Stamford, Conn,
Ins.non,
Old Greenwich, Conn,
Fairfield County




Member

6-24-57

6- 3-57

-9-

Name and location of banks and branches

Class
of bank

Date of
change

Banks converted into branches (ContM)
(See also Consolidations, absorptions, etc.)
American Fletcher National Bank
& Trust Co.
Wanamaker Office
(Formerly Wanamaker State Bank)

Indianapolis, Ind.
Wanamaker, Ind,
Marion County

National

First-Hardin National Bank
Upton Branch
(Formerly Bank of Upton)

Elizabethtown, Ky.
Upton, Ky.
Hardin County

National

Merrimack Valley National Bank
Methuen Office
Merrill S. Gaunt Square
(Formerly Methuen National Bank)

Haverhill, Mass.
Methuen, Mass.
Essex County

National

Newton, Mass.
Nonins.
Newton Savings Bank
Newton Center, Mass,
Newton Center Office
Middlesex County
103 Union Street
(Formerly Newton Cent 1 6 Savings Bank)
^
Security First Bank & Trust Co.
Branch Office
12409 Stafford Street
(Formerly Ravenna State Bank)

Grand Haven, Mich,
Ravenna, Mich.
Muskegon County

Member

National State Bank
Summit Office
1 Maple Street
(Formerly First National Bank &
Trust Co.)

Elizabeth, N. J.
Summit, N. J,
Union County

National

New York, N. Y.
Bank of North America
New York, N. Y.
College Point Office
Queens County
14-15 122nd Street
(Formerly College Point National Bank)

Ins.non.

First National Bank
Sparkill Office
Main Street
(Formerly First National Bank)

Spring Valley, N. Y.
Sparkill, N. Y,
Rockland County

National

First Trust Co. of Allegany County
Canaseraga Office
^
2 East Main Street
'
(Formerly Canaseraga State Bank)

Wellsville, N. Y.
Canaseraga, N. Y.
Allegany County

Ins.non.




6- 3~57

6-15-57

6-17-57

6- 3-57

6- 1-57

6- 3-57

6-13-57

6-24-57

6-15-57

-10-

Name and location of banks and branches

Class
of bank

Date of
change

Banks converted into branches (Cont'd)
(See also Consolidations, absorptions, etc,)
First National Bank & Trust Co.
Brevard Office
73 West Main Street
(Formerly Transylvania Trust Co.)
Waynesville Office
302 Main Street
(Formerly First National Bank)
Miners National Bank
Ashley Branch
23 North Main Street
(Formerly First National Bank)

Asheville, N. C,
Brevard, N. C.
Transylvania County

National

6-24-57

Waynesville, N. C,
Haywood County
Wilkes-Barre, Pa.
Ashley, Pa.
Luzerne County

6-24-57

National

6-17-57

Branches acquired by consolidation, absorption,, etc.
Stamford Trust Co,
Acquired through merger and will
operate the branch formerly operated
by Trust Company of Old Greenwich,
Old Greenwich, in Fairfield County,

Stamford, Conn,

Ins.non,

Merrimack Valley National Bank
"
Acquired through merger and will
operate the branch formerly operated
by Methuen National Bank, Methuen,
in Essex County,

Haverhill, Mass,

National

Miners National Bank
Acquired through merger and will
operate the branch formerly operated
by First National'Bank, Ashley, in
Luzerne County,

Wilkes-Barre, Pa,

National

6- 3-57

6-17-57

6-17-57

Branches discontinued
Farmers Trust & Savings Bank
Gillett Grove Branch

Spencer, Iowa
Gillett Groye, Iowa

Ins.non,

Beverly Savings Bank
Elliott Street Branch

Beverly, Mass,
161 Elliott Street

Nonins,

Provident Tradesmens Bank & Trust Co,
4th & Chestnut Street Branch

Philadelphia, Pa,
409 Chestnut Street

Member




6-15-57
6-27-57
6-21-57

Name and location of banks and branches

Class
of bank

Date of
change

Changes in name or location of branches
Bank of America, N.T, & S,A.
Anderson Branch
Moved from
Moved to
Lawndale Branch
Moved from
Moved to
First National Bank
Chattahoochee Branch
Moved from
Moved to

San Francisco, Calif• National
Anderson, Calif.
1705 East Center Street
2110 North Street

6-17-57

Lawndale, Calif,
16719 Hawthorne Blvd.
2225 Hawthorne Blvd.
Redondo Beach, Calif,
Atlanta, Ga,
National
Atlanta, Ga.
1070 New Chattahoochee
Ave. N. W.
1071 Chattahoochee
Ave. N. W,

Lincoln Bank & Trust Co,
Iroquois Branch
Moved from
Moved to

Louisville, Ky.
Member
Louisville, Ky,
5314 South Third Street
5610 South Third Street

Rockland Trust Co,
Cohasset Branch
Moved from
Moved to

Rockland, Mass.
Ins.non,
Cohasset, Mass,
48 South Main Street
2 Stagecoach Way

Manufacturers & Traders Trust Co,
Central Park Office
Moved from
Moved to

Buffalo, N. Y.
Buffalo, N. Y.
2658 Main Street
2 Parker Avenue

Member

Marine Trust Co, of Western New York
Broadway Branch
Moved from
Moved to
and renamed
Broadway Market Office

Buffalo, N. Y.
Buffalo, N. Y,
1067 Broadway
995 Broadway

Member

First National Bank
Corvallis Branch
Moved from
Moved to

Portland, Ore,
National
Corvallis, Ore,
143 South Second Street
235 Monroe Street
Seattle, Wash*
National
Burien, Wash,
15218 First Avenue South
230 S.W. 152nd Street

Seattle-First National Bank
Burien Branch
Moved from
Moved to




6-10-5?

I

6-28-57

6- 4-57

5-29-57

6- 3-57

6-20-57

6- 1-57

6- 3-57

-12-

Name and location of banks and branches

Class
of bank

Date of
change

Banking facilities established at military and other Government
establishments through arrangements made by Treasury Department
First National Bank of
Southern Maryland
Military Air Transport Service
Headquarters Bldg.
Victoria National Bank
Foster Air Force Base Facility

Upper Marlboro, Mi,
National
Andrews Air Force Base
Andrews Field, Md.
Prince Georges County
Victoria, Texas
Victoria, Texas
Victoria County

National

6-13-57

6- 3-57

Change in name of branch or office at military reservation
Clovj.s National Bank
Clovis Air Force Base Facility
Name changed to
Cannon Air Force Base Facility




Clovis, N. Mex.
Clovis, N. Mex,

National

6- 8-57

I
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