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W i s COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. •POT AN OFFICIAL REPORT OF CHAKGES IN THE BANKING STRUCTURE. CONFIDENTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM - L„4o5 March 16, 1954 CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING FEBRUARY 1954 Name and location of banks and branches Class of bank Date of change New banks (except successions and conversions) Community National Bank Bal Harbour, Fla. Dade County- National 2-15-54 Ashland State Bank Chicago, 111. Cook County Ins.non. 2-5-54 Bank of Lincolnwood Lincolnwood, 111. Cook County Ins.non, 2-20-54 Prospect National Bank Peoria, 111. Peoria County National 2-4-54 Depositors Trust Co. Medford, Mass. Middlesex County Ins.non. 2-16-54 Member 2-10-54 Successions and conversions Florida Bank Converted to — Florida National Bank Orlando, Fla. Orlando, Fla. National Voluntary liquidation (except incident to absorptions, successions, etc.) Banque de l'Indochine (San Francisco) San Francisco, Calif. Ins.non. 1-1-54 National 2-15-54 Consolidations, absorptions, etc. First National Bank Absorbed by — American Trust Co. Los Gatos, Calif. Farmers Banking Co. Absorbed by — Commercial Banking & Trust Co. Sterling, Ohio San Francisco, Calif. Member Wooster, Ohio Ins.non. Ins.non. * Previously reported as a voluntary liquidation as of January 30, 1954. 2-1-54* - 2 - Name and location of banks and branches Class of bank Date of change Consolidations, absorptions, etc. (Cont'd) First Carlton Bank First Corvallis Bank First National Bank First National Bank First National Bank First National Bank First Monroe Bank First Ontario Bank First Mo reland-S ellwood Bank First National Bank First Seaside Bank First Scio Bank First Silver ton Bank First Sweet Home Bank First Yamhill Bank There fifteen banks were absorbed by — First National Bank Carlton, Ore. Corvallis, Ore. Cottage Grove, Ore. Eugene, Ore. Forest Grove, Ore. Lebanon, Ore. Monroe, Ore. Ontario, Ore. Portland, Ore. Prineville, Ore. Seaside, Ore. Scio, Ore. Silverton, Ore. Sweet Home, Ore. Yamhill, Ore. First National Bank Clifton Heights National Bank Fidelity-Philadelphia Trust Co, These three banks merged under charter and title of — Fidelity-Philadelphia Trust Co, Chester, Pa. Clifton Heights, Pa. Philadelphia, Pa. Chester-Cambridge Bank & Trust Co. First National Bank Montgomery National Bank Philadelphia National Bank These four banks merged under charter and title of — Philadelphia National Bank Chester, Pa. Lansdale, Pa. Norristown, Pa, Philadelphia, Pa. Industrial Trust Co. Providence Union National Bank These two banks consolidated under charter of Providence Union National Bank and title of — Industrial National Bank Providence, R. I. Providence, R. I„ Farmers State Bank Absorbed by — National Bank of Commerce Newport, Wash. Portland, Ore. Philadelphia, Pa. Philadelphia, Pa. Providence, R. I. Ins.non. 2-8-5itIns.non. National National National National Ins.non. Ins.non. Ins.non, National Ins.non. Ins.non. Ins.non. Ins0non0 Ins.non. National National 2-9-$h National Member Member Member National National National National Member National 2-1-5h National Ins.non. Seattle, Wash. National Othello, Wash, Othello State Bank Absorbed by — Peoples National Bank of Washington Seattle, Wash. National 2-23-5U Ins.non. 2-22-5U 2-1-5U - 3 Name and location of banks and branches Class of bank Date of change Admission of State bank to Federal Reserve Membership Alden State Bank Alden, N. Y. Ins.non. 2-11-5U Changes in name or location ^ Kent County Savings Bank Name changed to — Kent County Bank Chestertown, Md. Ins.non, 2-3-5k / First & Citizens Bank & Trust Co. Name changed to — First & Citizens Bank Monterey, Va. Ins.non. 2-9-5k Branches established (including branches at military and other Government establishments and banks converted into branches) First State Bank of Arizona Tempe Branch •(De novo) Mesa, Ariz. Tempe, Ariz. Maricopa County Bank of Douglas Phoenix, Ariz. Davis-Monthan Branch Tucson, Ariz. Pima County (De novo; a t Davis-Monthan Field, the location of the Davis-Mcnthan Air Base Facility) Ins.non. Ins.non. 2-8-5U 2-8-51; American Trust Co. Los Gatos Office (Formerly First National Bank) San Francisco, Calif. 160 West Main Street Los Gatos, Calif. Santa Clara County Member Bank of America, N.T. & S.A. Lincoln Village Branch (De novo) San Francisco, Calif. 6?25 Pacific Avenue Lincoln Village (P.O. Stockton) San Joaquin County National Newark Trust Co. South Academy Street Branch (De novo) Newark, Del. 20 South Academy St. Newark, Del. New Castle County Ins.non. Sept. 1953 Springhill Bank & Trust Co. Cullen Branch (De novo) Springhill, La. Cullen, La. Webster County Ins.non. 2-15-5k 2-1-5k 2-1-5it - 4 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) ^ Fidelity Trust Co, Freedom Shopping Centre Branch (De novo) Essex Trust Co. Y'est Lynn Branch (De novo) Somerville National Bank Broaaway Branch (De novo) Baltimore, Md, 4500 Erdman Avenue Baltimore, Md. Independent City Member Lynn, Mass. 11-13 Market Square West Lynn, Mass, Essex County Somerville, Mass. 125 Broadway Somerville, Mass. Middlesex County ins.non. National State Savings Bank Linden Office (De novo) Fenton, Mich. Member Hickory & Main Streets Linden, Mich. Genesee County Home Savings Bank Auto Bank Branch (De novo) Kalamazoo, Mich. 132 Corporation Place Kalamazoo, Mich. Kalamazoo County Security Bank Taylor Center Office (De novo) Lincoln Park, Mich. Member 23755 Goddard Road Taylor Center, Mich. Wayne County Bank of Nevada Henderson Branch (De novo) Las Vegas, Nev. Henderson, Nev. Clark County Asbury Park National Bank & Trust Co. North Asbury Park Branch (De novo) Asbury Park, N. J. National North Asbury Park Railroad Station between 5th Ave. & Sunset Ave. Asbury Park, N.J, Monmouth County ins.non. » Ins.non 2-8-51* 1-21-5>1| 2-8-5U 2-20-51* 2-20-51 -11-54 2-8-54 2-3-54 - 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) First National Iron Bank Morristown, N. J. South Street & Madison Avenue Office 238 South Street (De novo) Morristown, N. J. Morris County National Perth Amboy National Bank Convery Boulevard & Brace Avenue • Branch (De novo) National ^ Bank of Ahoskie Main & Maple Streets Branch (De novo) y Peoples Bank & Trust Co. Consumer Credit Branch (De novo) ' Planters National Bank & Trust Co. Ahoskie Office (De novo) Perth Amboy, N. J. Convery Blvd. & Brace Avenue Perth Amboy, N. J. Middlesex County 2-1-5U 2-1-5U Ahoskie, N. C. Main & Maple Streets Ahoskie, N. C. Hertford County 2-23-5U Rocky Mount, N. C. 123 Sunset Avenue Rocky Mount, N. C. County Ins.non. Rocky Mount, N. C. Ahoskie, N. C. Hertford. County National 1-20-5U 2-25-5U First National Bank East Akron Branch (De novo) National Akron, Ohio 92u-28 East Market Street 2-3-5U Akron, Ohio Summit County Goodyear State Bank Drive-In Branch (De novo) Akron, Ohio Akron, Ohio Summit County Ins.non. Commercial Banking & Trust Co. Sterling Branch (Formerly Farmers Banking Co.) booster, Ohio Sterling, Ohio Wayne County Ins. non. 11-1-52 2-l5-$k - 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) First National Bank Carlton Branch (formerly First Carlton Branch) Portland, Ore. ^ Carlton, Ore. Yamhill County National 2-8-5U Corvallis Branch (formerly First Corvallis Bank) 1U3 South Second Street Corvallis, Ore. Benton County 2-8-5U Cottage Grove Branch (Formerly First National Bank) Cottage Grove, Ore. Lane County 2-8-5U Eugene Branch (Formerly First National Bank) 896 Willamette Street Eugene, Ore. Lane County 2-8-5'U Forest Grove Branch (Formerly First National Bank) Forest Grove, Ore. Washington County 2-8-5U Lebanon Branch (Formerly First National Bank) 809 Main Street Lebanon, Ore. Linn County 2-8-Sk Monroe Branch (Formerly First Monroe Bank) Monroe, Ore. Benton County 2-8-5U Ontario Branch (Formerly First Ontario Bank) Ontario, Ore, Malheur County 2-8-5U Moreland-Sellwood Branch (Formerly First MorelandSellwood Bank) 66I4.6 S. E. Milwaukie Ave. Portland, Ore. Multnomah County 2-8-5U Prineville Branch (Eormerly First National Bank) Prineville, Ore. Crook County 2-8-54 Scio Branch (Formerly First Scio Bank) Scio, Ore. Linn County 2-8-5U Seaside Branch (-Formerly First Seaside Bank) Seaside, Ore. Clatsop County 2-8-5U Silverton Branch (Formerly First Silverton Bank) Silverton, Ore. Marion County 2-8-54 - 7Name 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) First National Bank Sweet Home Branch (Formerly First Sweet Home Bank) Yaahill Branch (Formerly First Yamhill Bank) Bank of Erie Glenwood Branch (De novo) Portland, Ore. Sweet Home, Ore. Linn County National Yamhill, Ore. Yamhill County 2-8-5U Erie, Pa. 3835 Peach Street Erie, Pa.. Erie County Ins.non. Montrose, Pa. Springville, Pa. Susquehanna County National Morrisville Bank , Trenton Avenue Branch (De novo) Morrisville, Pa. Trenton & North Pennsylvania Aves. Morrisville, Pa. Bucks County Ins.non Fidelity-Philadelphia Trust Co. 5th & Market Streets Branch (formerly First National Bank) Philadelphia, Pa. 5th & ivlarket Streets Chester, pa. Delaware County Member First & Farmers National Bank . Trust Co. Springville Branch (De novo) Clifton Heights Branch (Formerly Clifton Heights National Bank) Philadelphia National Bank Chester-Cambridge Office (Formerly Chester-Cambridge Bank & Trust Co.) 2-2U-5U 2-1-54 1-25-5U 2-9-54 Ogden St.& Baltimore Pike Clifton Heights, Pa. Delaware County Philadelphia, Pa. 501 Market Street Chester, Pa. Delaware County 2-8-5U National 2-9-54 2-23-54 Lansdale Office (Formerly First National Bank) West Main Street Lansdale, Pa. Montgomery County 2-23-54 Montgomery Office (Formerly Montgomery National Bank) 110 West Main Street Norristown, Pa. Montgomery County 2-23-54 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) Provident Trust Co. City Branch (De novo) Philadelphia, Pa. Member 3701 North Broad Street Philadelphia, Pa. Philadelphia County Member Tradesmens Land Title Bank & Trust Co. Philadelphia, Pa. Erie Avenue & I Street Erie Branch Philadelphia, Pa. (De novo) Philadelphia County Western Savings Fund Society Castor Avenue Branch (De novo) Philadelohia, Pa. 7315 Castor Avenue Philadelphia, Pa. Philadelphia County Colonial Trust Co. North Hills Branch (De novo) Pittsburgh, Pa. Member 8005-07 McKnight Road Pittsburgh, Pa. Allegheny County City Bank & Trust Co. Second & Spring Street Office (De novo) Reading, Pa. 160 Spring Street Reading, Pa. Berks County Ins.non. Member Industrial National Bank Providence, R. I 0 Dorrance Street Office 62 Dorrance Street (De novo; formerly head office of Providence, R. I. providence County Providence Union National Bank, which consolidated with Industrial Trust Co. under charter of Providence Union National Bank and title shown above) National Citizens Savings Bank Downtown Office (De novo) Providence, R. I. 20 Westminster Street Providence, R. I. Providence County Ins.non. Citizens Trust Co. Downtown Office (De novo) Providence, R.I. 20 Westminster Street Providence, R. I. Providence County Ins.non. 2-2-54 2-8-51* 2-15-54 2-1-54 2-15-54 2-l-5u 1-22-54 1-22-54 • 9 ~ Name and location of banks and branches Date of change Class of bank Branches established (Cont'd) (including branches at military and other Government establishments and banks converted into branches) Arlington, Va. 419 South 23rd Street Arlington, Va. Arlington County Ins.non. First & Merchants National Bank Petersburg Pike Branch (De novo) Richmond, Va. 1215 Jefferson Davis Highway Richmond, Va. Independent City National National Bank of Commerce Newport Branch (Formerly Farmers State Bank) Seattle, Wash. Newport, Wash. Pend Oreille County National Peoples National Bank of Washington Othello Branch (Formerly Othello. State Bank) Seattle, V.ash. Othello, Wash. Adams County National / Old Dominion Bank Jefferson Davis Highway Branch (De. novo) 1-11-54 2-22-54 2-22-54 2-1-54 Banking facilities established at military and other Government establishments through arrangements made by Treasury Department First National Bank Palm Beach Air Force Base Facility Palm Beach, Fla. West Palm Beach, Fla. Palm Beach County National First National Bank Naval Ammunition Depot Facility Odon, Ind. Crane, Ind. Martin County National 2-17-54 1-8-54 Branches acquired by absorption or purchase First National Bank Portland, Ore. Philomath Branch Philomath, Ore. (Formerly branch of First Corvallis Bank, Corvallis, Ore., which was sbsr.^oar! bv First "ntior^l Barv) !?©st'Eugene Branch Springfield Branch (Formerly branches of First National Bank, Eugene, Ore., which was absorbed by First National -Bank) Eugene, Ore. Springfield, Ore. National 2-8-54 2-8-54 2-8-54 — 10 — Name and location of banks and branches Class of bank Date of change Branches acquired by absorption or purchase (Cont* d) Fidelity-Philadelphia Trust Co. West End Branch Marcus Hook Office (Formerly branches of First National Bank, Chester, Pa., which merged with Fidelity-Philadelphia Trust Co.) Westbrook Office (Formerly branch of Clifton Heights National Bank, Clifton Heights, Pa., which merged with FidelityPhiladelphia Trust Co.) Philadelphia, Pa. Member 1930 West Third Street Chester, Pa. 1000-1002 Market Street Marcus Hook, Pa. 2ij.2 West Baltimore Pike Clifton Heights, Pa. Philadelphia National Bank Marcus Hook Office (Formerly branch of ChesterCambridge Bank & Trust Co., Chester, Pa., which merged with Philadelphia National Bank) National Philadelphia, Pa. 10th & Market Streets Marcus Hook, Pa. Industrial National Bank Apponaug Branch Providence, R. I. National 3033 Post Road Apponaug, R. I. 601 Hope Street Bristol, R. I. 375 Broad Street Central Falls, R. I. 39 Warren Avenue East Providence, R. I. 452 Willett Avenue East Providence, R. I. 92 Broadway Newport, R. I. 303 Thames Street Newport, R. I. Fountain Square Pascoag, R. I. 594 Central Avenue Pawtucket, R. I. 210 Main Street Pawtucket, R. I. Bristol Branch Broad Street Branch East Providence Branch Riverside Branch Broadway Branch Newport Branch Pascoag Branch Darlington Branch Slater Branch 2-9-54 2-9-54 2-9-Sk 2-23-5U 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 - 11 - Name and location of banks and branches Class of bank- Date of change Branches acquired by absorption or purchase (Cont'd) Industrial National Bank - Cont'd Atwells Avenue Branch Elmo/rood Branch Hope Street Branch Washington Park Branch Wakefield Branch Warren Branch Hoxsie Branch Westerly Branch Phenix Branch Wickford Branch Woonsocket Branch (Formerly branches of Industrial Trust Co., Providence, R. I., which consolidated with Providence Union National Bank under new title Industrial National Bank) Providence, R. I. 215 Atwells Avenue Providence, R. I. 582 Elinwood Avenue Providence, R. I. 8lL Hope Street Providence, R. I. 1U73 Broad Street Providence, R. I. 1 Robinson Street Wakefield, R. I. UlU Main Street Warren, R. I. 35 Occupasstuxet Road Warwick, R. I. 1U High Street Westerly, R. I. 710 Main Street West Warwick, R. I. 105 Main Street Wickford, R. I. 167 Main Street Woonsocket, R. I. National 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 2-1-5U • 2-1-54 2-1-54 2-1-54 2-1-54 2-1-54 Branch discontinued Citizens National Trust & Savings Bank Security Branch Riverside, Calif. 3798 Main Street National 2-15-54 Facility discontinued • First National Bank of St. Mary's U. S. Naval Air Test Center Leonardtown, Md. Patuxent River, Md. National 5-14-53 - 1 2 - Class of bank Name and location of banks and branches Date of change Changes in name or location of branches Security-First National Bank Montrose Branch Moved from Moved to National Los Angeles, Calif. Montrose, Calif. 2293 Honolulu Avenue 2340 Honolulu Avenue American Trust Co. San Carlos Branch Moved from Moved to San Francisco, Calif. San Carlos, Calif. 633 Laurel Street 632 Laurel Street Bank of America, N.T..& S.A. Buena Center Branch Moved from Moved to San Francisco, Calif. National Ventura, Calif. 2788 East Main Street 2698 East Main Street Newton National Bank Nonantum Branch Moved from Moved to Newton, Mass. Deposit Guaranty Bank & Trust Co. Capitol Street Branch Moved from Moved to Jackson, Miss. 2-22-51* Member 2-8-54 2-1-54 National 1-8-54 U29 Watertown Street 433 Watertown Street Member 233 East Capitol Street 153 East Amite Street 2-15-54
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