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V CONFIDENTIAL L.U.5 H^JrLKAL hE.£.:r bAfvK | J <F RK S M e W BOARD OF GOVERNORS OF THE FEDERAL RESERVE-SYSTEM— THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. June 111, 195c CHANGES IN STATUS OF BANKS AMD BRANCHES AS REPORTED DURING MAI 1950 Name and location of banks and branches Class of bank . Date of change Successions and conversions The Spiro State Bank Succeeded b y — Spiro State Bank Spiro, Okla. Spiro,.Okla. Ins. nonmem. 5-13-50 Ins. nonmem. Consolidations, absorptions, etc. Asbury Park National Bank and Trust Company Seacoast Trust Co. These two banks consolidated under charter and title of— Asbury Park National Bank and Trust Co. Asbury Park, N. J. Asbury Park, N. J. Asbury Park, N. J. National Ins# nonmem. National Guttenberg, N. J. Guttenberg Bank & Trust Co. Seaboard Trust Co. Hobofcen, N. J. These two banks were absorbed byHudson County National Bank Jersey City, N. J. National Home Savings Bank Absorbed by— Durham Bank & Trust Co. Durham, N. C. Ins. nonmem. • Durham, -N. C. Ins. nonmem* Ridgeway Banking Co. Absorbed b y — Kenton Savings Bank Ridgeway, Ohio Ins. nonmem. Kenton, Ohio Ins. nonmem. Keystone National Bank Absorbed b y — Colonial Trust Co. Pittsburgh, Pa. National Bank of Springdale Absorbed b y — Peoples First National Bank & Trust Co. Springdale, Pa. Washington National Bank Absorbed bySeattle-First National Bank Vancouver, wash. National Seattle, Wash. National Pittsburgh, Pa. Pittsburgh, Pa. 5-29-50 Ins. nonmem. Ins. nonmem. National 5-16-50 5-1-50 5-1-50 5-1-50 5-15-50 Member National 5-15-50 National 5-29-50 Hame and location of banks and branches Class of 1 Date of change Withdrawal of State bank from Federal Reserve Membership Northport Trust Co. Northport, N. Y. Insurance continued 5-16-50 Ins. nonmem. 5-22-50 Hot Springs National Bank Hot Springs, N. Mex. Name of town changed t o — Truth or Consequences, N. Mex. National 5-15-50 The First National Bank of Osborn . Name changed t o — The First National Bank of Fairborn National 5-1-50 Noninsured 6-10-19 Noninsured 6-284*9 Changes in name or location Bank of Commerce & Savings Name changed t o — Northwestern Bank of Commerce Duluth, Minn. Fairborn, Ohio Other Changes Citizens Exchange Bank Pavo, Ga. Commercial Bank Trion, Ga. . (These two unincorporated banks have been deleted from Board's records, inasmuch as recent information indicates that they were placed in voluntary liquidation as of the dates shown.) Branches established (excluding offices at military reservations but including banks converted into branches) Calumet National Bank Hessville Branch (De novo) Hammond, Ind. 6817 Kennedy Avenue Union Bank & Trust Co. 603 East Markland Branch (De novo) Kokomo, Ind. Member 603 East Markland Ave. Asbury Park National Bank Asbury Park, N. J. & Trust Co. Grand Avenue Office hhO Cookman Ave. (Formerly Seacoast Trust Co.) Hudson County National Bank Jersey City, N. J. Hoboken Office 95 River Street (Formerly Seaboard Trust Co.) Hoboken, N. J. National 5-18-50 5-5-50 National 5-29-50 National 5-1-50 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) Howard Savings Institution Ins. nonmem. Newark, N. J. Vailsburg Branch Office lOltlt South Orange Ave. 5-17-50 (De novo) National City Bank West End Seasonal Agency (De novo) Long Beach, N. Y. 952 Viest Beech Street Staten Island Savings Bank New York, (Stapleton), Ins. nonmem. N. Y. 257 New Dorp Lane New York (New Dorp), N. Y. New Dorp Branch (De novo) National Carolina Bank Vass Branch (De novo) Pinehurst, N. C. Vass, N. C. Ins. nonmem. Grand Rapids Banking Co. Weston Branch (De novo) Grand Rapids, Ohio Weston, Ohio Ins. nonmem. Ins. nonmem. Multnomah Bank Barbur Boulevard Branch (De novo) Ins. nonmem. Colonial Trust Co. Pittsburgh, Pa. Keystone Branch 333 Fourth Avenue (Formerly Keystone National Bank) 5-19-50 5-i-5o 5-29-50 Member 5-15-50 Peoples First National Bank & Trust Co. Springdale Branch (Formerly National Bank of Springdale) Pittsburgh, Pa. 8h9 Pittsburgh St. Springdale, Pa. National Union Planters National Bank & Trust Co. Front St. Drive-in Branch (De novo) Memphis, Tenn. 50 North Front St. National Hamilton National Bank North Knoxville Branch (De novo) Knoxville, Tenn. 501 Broadway, N. W. National a-21-50 ,5-1-50 Kenton Savings Bank Kenton, Ohio Ridgew&y. Branch Ridgeway, Ohio (Formerly Ridgeway Banking Co.) Multnomah, Ore. P. 0. Box 7117 5-31-50 5-15-50 5-1-50 5-21-50 - It - Name and location of banks and branches Class of bank i Date of j change Branches established - Cont'd (excluding offices at military reservations but including banks converted into branches) Seattle-First National Bank Seattle, Wash. Vancouver Branch 7lU Main Street (Formerly Washington National Bank) Vancouver, Wash. National 5-29-50 Branches or offices established at military reservations (including "banking facilities" provided through arrangements made by Treasury Department) Anacostia National Bank Naval Receiving Station National Washington, D. C. Washington, D. C. 1-17-50 Branches or offices at military reservations discontinued First National Bank Camp Chaffee Fort Smith, Ark. Fort Smith, Ark . National National Exchange Bank Oliver General Hospital Augusta, Ga. Augusta, Ga. National First National Bank Vaughan General Hospital Maywood, 111. Hines, 111. National 2-1-50 5-1-50 3-15-19 Changes in name or location of branches Bank of America, N.'T. & S.A. Geneva-Mission Branch Moved from Moved to San.Francisco, Calif. 5137 Mission Street 5150 Mission Street National 5-1-50 Toluca Lake. Branch Burbank Calif. Changed from iil23 South Olive Street > Changed to U123 V,est Olive Street (This change is due to renaming of streets and does not represent a change in actual location. Change tvas reported to the Federal Reserve Bank of San Francisco on April 26, 1950; the date on which the change occurred was not reported.) Folsom Branch Moved from Moved to Folsom, Calif. Sutter & Riley Streets 627 Sutter Street 5-19-50 - 5 - Name and location of banks and branches I Class of bank Date of change Changes in name or location of branches - Cont'd. Bank of America, N.T. & S.A - Cont'd. Los Angeles, Calif. Olympic-Santa Fe Branch 2363 East Olympic Blvd. Moved from 1308 South Soto Street Moved to and renamed Soto-Hostetter Branch Menlo Park, Calif. Menlo Park Branch 1165 El Camino Real Moved from 633 Santa Cruz Avenue Moved to 5-1-50 5-22-50 Colorado-Mentor Branch Moved from Moved to and renamed Lake-Green Branch Pasadena,. Calif. 935-7 East Colorado Street . 85 South Lake Avenue 5-1-50 Santa Ana Branch Moved from Moved to Santa Ana, Calif. 116 % s t Fourth Street 801 North Main Street 5-22-50 Equitable.Trust Co. Arbutus Branch Moved from Moved to Baltimore,. Md. Ins. nonmem. Arbutus, Md. 5h26 Carville Avenue 1338 Sulphur Spring Road First State & Savings Bank Grand Blanc Branch Moved from Moved to Holly, Mich Grand Blanc, Mich. 11511 Saginaw Street 11U32 Saginaw Street h-17-50 Ins. nonmem. 3-13-50 Member Manufacturers & Traders Trust Co. Buffalo, N. Y. East Delevan Branch 268 East Delevan Avenue Moved from 1879 Main Street Moved to Colonial Trust Co. Yalliam Street Office Moved from Moved to and renamed I'vall Street Office New York, Ti. Y. 57 William Street 90 "'all Street 5-15-50 Member f 5-1-50 Name and location of banks and branches j Class of bank j Change Changes in name or location of branches - Cont'd Tennessee Valley Bank Knoxville, Tenn, Knoxville Branch Changed from 2006 North Broadway Changed to 2706 Broadway, N.E. and renamed North Knoxville Branch • (This change is due to renumbering of streets and does not represent a change in actual location; the date on which the change occured was not reported,) Union Planters National Bank & Trust Co. South Side Branch Moved from Moved to First American National Bank Hillsboro Branch Moved from Moved to Bank of Virginia Newport Mews Branch Moved from Moved to Memphis, Tenn. Ins. nonmem. National 230 McLemore Avenue 28L McLemore Avenue Nashville, Tenn. 5-29-50 National 18C6 Twenty-First Ave. South 1700 Twenty-First Ave. South Richmond, Va. Ins. nonmem. Newport News, Va. 2612 Washington Ave. 2803-05 Washington Ave. 5-1-50 5-1-50 Corrections The statement covering the month of March 1950 reported the Allen-Colorado Branch of the Bank of America, N.T, & S.A., San Francisco, California, as moving from 1767 East Colorado Street to 1687 East Colorado Street, Pasadena, California on March 6, 1950. This move did not occur until May 8, 1950 at which time the name of the branch was changed to Colorado-Bonnie Branch. The North Park Branch of the Bank of America, N.T. & S.A. was reported as moving from 2897 University Avenue to 3933 Thirtieth Street, San Diego, California on March 27, 1950. This move did not occur until May 29, 1950,
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