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THIS COMPILATION IS DERIVED LAHOELY'FROM SECONDARY SOURCES.
NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.
F.R.CONFIDENTIAL

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

L.U.5

March 16, 1 9 #
CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING FEBRUARY 1955

Name and location of banks and branches

Class
of bank

Date of
change

New banks
(except successions and conversions)
Conecuh County Bank

Evergreen, Ala.
Conecuh County

Ins.non.

2-18-55

Commercial Bank

Winter Park, Fla.
Orange County

Ins.non.

2-16-55

Tri-County State Bank

Ortonville, Minn.
Big Stone County

Nonins.

1-31-55

Bank of Cradock

Cradoclc-Portsmouth, Va.
Norfolk County

Nonins.

2-11-55

National

2-25-55

Successions and conversions
First National Bank
Converted to —
Citizens & Southern Newnan Bank

Newnan, Ga.

South Bay Bank
Converted to —
South Bay National Bank

Center Moriches, N. Y.

Fidelity State Bank
Converted to —
City National Bank

Austin, Texas

Newnan, Ga.

Ins.non.
Ins.non.

2- 1-55

Center Moriches, N. Y. National

Austin, Texas

Ins.non.

2-1U-55

National

Voluntary liquidation
(except incident to absorptions, successions, etc. )
Garfield State Bank




Garfield, Kansas

Nonins.

2-18-55

— 2 —

and location of banks and branches

Class
of bank

Date of
change

Consolidations, absorptions, etc*
Ins.non. 2-28-5#

"White Mountain Bank
Absorbed by —
First National Bank of Arizona

McNary, Ariz.

Oilfields National Bank
Absorbed by —
California Bank

Brea, Calif.

Suburban Bank
Absorbed by —
Anglo California National Bank

Fair Oaks, Calif.

Industrial Trust Co;
Wilmington Trust Co.
Merged under charter and title of —
Wilmington Trust Co.

Wilmington, Del;
Wilmington, Del.

Second National Bank
Absorbed by —
State Street Trust Co.
(See also, Changes in name or
location of banks.)

Boston, Mass.

Philmont National Bank
Absorbed by —
Farmers National Bank

Philmont, N. Y.

National

Hudson, N. Y.

National

Phoenix, Ariz.

Los Angeles, Calif.

National 2- 7-55
Member

I

Ins.non. 2-28-55

San Francisco, Calif. National

Wilmington, Del.

Boston, Mass.

Catasauqua, Pa.
Lehigh National- Bank
National Bank of Catasauqua
Catasauqua, Pa.
Consolidated under charter and title of —
Catasauqua, Pa.
National Bank of Catasauqua
First National Bank
Absorbed by —
Peoples First National Bank &
Trust Co.

Natrona, Pa.

C. E. Bingham & Co. State Bank
Absorbed by —
Seattle-First National Bank

Sedro Woolley, Wash.




National

Pittsburgh, Pa.

Seattle, Wash.

Member
Member

2- h-55

Member
National 2-21-55
Member

2-1^-55

National 2-21-55
National
National
National 2-1L-55
National
Ins.non. 2-28-55
National

I

3 Name and location of banks and branches

Class
of bank

Date of
change

Changes in name or location of banks
Barnett Bank
Name changed to —
Avon Citrus Bank

Avon Park, Fla.

Ins.non. 2-2l*-55

State Street Trust Co.
Name changed to —
Second Bank-State Street Trust Co.

Boston, Mass.

Member

2-21-55

Peoples Savings Bank
Name changed to —
Peoples Bank

Grand Haven, Mich.

Member

2-10-55

Tootle-Lacy National Bank
Name changed to —
Tootle National Bank

St. Joseph, Mo.

National 2- 1-55

Montana National Bank
Name changed to —
First National Bank

Havre, Mont.

National 2- U-55

Tradesmens Land Title Bank & Trust Co.
Name changed to —
Tradesmens Bank & Trust Co.

Philadelphia, Pa.

Member

Trinity State Bank
Name changed to —
Bank of Commerce .

Fort Worth, Texas

Ins.non. 2- 8-55

Citizens State Bank
Name changed to —
Northside State Bank

San Antonio, Texas

Ins.non. 2-11^-55

First-Fond du Lac National Bank
Name changed to —
First National Bank

Fond du Lac, Wis.

National 2- 1-55




2-18-55

Name and location of banks and branches

Class
of bank

Date of
change

Branches established de novo]/
(Includes branches at military and other Government establishments)
First National Bank of Arizona
Scottsdale Branch

Phoenix, Ariz.
Scottsdale,. Ariz.
Maricopa County

National

Bank of Encino
Granada Hills Office
17815 Chatsworth St.

Los Angeles, Calif.
Los Angeles, Calif.
Los Angeles County
(P.O. Granada Hills)

Member

California Bank
Wilshire-Shatto Office
3lU3 VJil shire Boulevard

Los Angeles, Calif.
Los Angeles, Calif.
Los Angeles County

Member

Anglo California National Bank
Contract Department Eureka Branch
311 E Street

San Francisco, Calif.
Eureka, Calif.
Humboldt County

National

Bank of America, N.T. & S.A.
Sepulveda-Je ffers on Branch
5565 Sepulveda Boulevard

San Francisco, Calif;
Culver City, Calif.
Los Angeles County

National

Lawndale Branch
16719 Hawthorns Boulevard

Lawndale, Calif.
Los Angeles County

2-1U-55

Freeport-Wentworth Branch
ii7U0 Freeport Boulevard

Sacramento, Calif.
Sacramento County

2-28-55

2-2li-55

2- 7-55

2-28-55

1-31-55

2-28-55

1/ .Beginning with this issue, the section of this statement formerly headed
~
~ Branches established will be shown in two parts: (1) Branches established
de novo and (2) Banks converted into branches. Where a branch is established in the former location of a financial institution not considered a
bank in the Board's published banking statistics, and where a branch is
established in the former location of the head office when the head office
has been moved to a location where banking services were not previously
performed, such branches will continue to be classified as "de novo".
Any branch established after consolidation, absorption, etc., whether
established in the former location of the discontinued bank, or in the
former location of the head office of the continuing bank when the head
office has been moved to the former location of a discontinued bank will
be classified as a conversion of a bank into a branch. Heretofore, a
branch established in the former location of the continuing bank after such
a move has been classified as 11 de novo". As a result of this changed procedure, branch statistics, beginning with 1955, will be inconsistent with
prior years to the extent that such cases have been classified as de novoin prior years (6 in 195U, h in 1953, and 3 in the preceding eight years).




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)
Twin Falls, Idaho
National
Fidelity National Bank
Twin Falls, Idaho
Motor Branch
2- 7-55
Twin Falls County
132 Third Avenue East
Progressive Bank & Trust Co.
Carondelet Street Branch
lliO Carondelet Street
(Formerly head office of Progressive
Bank & Trust Co., which moved from
1U0 Carondelet Street to Common
Street & University Place.)

New Orleans, La. •
New Orleans, La.
Orleans County

Memb

Suburban Trust Co.
Woodmoor Branch
10151 Colesville Road

Hyattsville, Md.
Woodmoor, Md,
Montgomery County
(P.O. Silver Spring)

Ins.non.

Melrose Trust Co.
Wyoming Avenue Branch
kh West Wyoming Avenue

Melrose, Mass.
Melrose, Mass.
Middlesex County

Ins.non.

Manufacturers National Bank
West Eight Mile-Patton Office
20UU1 West Eight Mile Road

Detroit, Mich. •
Detroit, Mich.
Wayne County

National

Merchants & Mechanics Bank
North Saginaw Branch
6923-25 North Saginaw St.

Flint, Mich.
Flint, Mich.
Genesee County

Member

Michigan National Bank
West Saginaw Street Branch
2017 West Saginaw Street

Lansing, Mich.
Lansing, Mich.
Ingham County

National

Washington Trust Co.
Oxford Office
Wall Street

Washington, N. J.
Oxford, N. J.
Warren County

Member

Long Island National Bank
Plainview Office
hhS South Oyster Bay Road

Hicksville, N. Y.
Plainview, N. Y.
Nassau County
(P.O. Hicksville)

National

Bank of Huntington & Trust Co.
Greenlawn Office
Box 691, K283

Huntington, N. Y.
Greenlawn, N. Y.
Suffolk County

Member




2-28-55

2-114-55

2- 7-55

2-1^-55

2- 1-55

2-21-55

2-1U-55

2-26-55

2- 7-55

- 6 -

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)
Fort Neck National Bank
Massapequa Park Office
10U0 Park Boulevard

Seaford, N. Y.
National
Massapequa Park, N. Y.
2- 5-55
Nassau County

County Trust Co.
Westchester Avenue Branch
158 Westchester Avenue

White Plains, N. Y.
White Plains, N. Y.
Westchester County

Member

Union National Bank
Personal Loan Office
135 South Tryon Street

Charlotte, N. C.
Charlotte, N. C.
Mecklenburg County

National

Wachovia Bank & Trust Co,
South Boulevard Office
South Blvd. & Griffith St.

Winston-Salem, N. C.
Charlotte, N. C.
Mecklenburg County

Member

Richland Trust Co.
Heights Branch
Ashland Road & Acker Drive

Mansfield, Ohio
Member
Cool Ridge Heights, Ohio
Richland County
(P.O. Mansfield)

2-28-55

Delaware County National Bank
Motor Branch
13-15-17 West Fourth Street

Chester, Pa.
Chester, Pa.
Delaware County

National
2-15-55

Carolina Savings Bank
Calhoun Street Branch
170 Calhoun Street

Charleston, S. C.
Charleston, S. c .
Charleston County

Member .

American National Bank & Trust Co.
East. Chattanooga Branch
2205 Dodson Avenue

Chattanooga, Tenn.
Chattanooga, Tenn.
Hamilton County

National

Burlington Savings Bank
Ethan Allen Shopping Area Branch
North Avenue

Burlington, Vermont
Burlington, Vermont
Chittenden County

Ins.non.




2-28-55

2-21-55

2-11-55

2-12-55

2-25-55

2-28-55

- 7 -

Name and location of banks and branches

Class
of bank

Date of
change

Banks converted into branches^/
(See also Consolidations, absorptions, etc.)
First National Bank of Arizona
White Mountain Branch
(Formerly White Mountain Bank)

Phoenix, Ariz.1
McNary, Ariz,
Apache County

National

California Bank
Brea Office
201 South Pomona Avenue
(Formerly Oilfields National Bank)

Los Angeles, Calif.
Brea, Calif.
Orange County

Member

Anglo California National Bank
Fair Oaks Office
(Formerly Suburban Bank)

San Francisco, Calif.
Fair Oaks, Calif.
Sacramento County

National

Wilmington Trust Co,
Industrial Office
10th & Shipley Streets
(Formerly Industrial Trust Co.)

Wilmington, Del. •
Wilmington, Del.
New Castle County

Member

Second Bank-State Street Trust Co.
Boston, Mass. •
Boston, Mass.
State Street Office
State & Congress Streets
Suffolk County
(Formerly location of State Street
Trust Co., which absorbed the Second
National Bank and moved to its former
location.)
Farmers National Bank
Philmont Branch
(Formerly Philmont National Bank)

Hudson, N. Y.
Philmont, N. Y.
Columbia County

Peoples First National Bank & Trust Co. Pittsburgh, Pa.
Natrona Branch
Natrona, Pa.
„U6 Chestnut Street
Allegheny County
(Formerly First National Bank)

2-28-#

2- 7-55

2-28-55

2- lt-55

Member

2-21-55

National
2-1U-55
National

2-1U-55

Seattle, Wash.
Seattle-First National Bank
National
Sedro Woolley Branch
Sedro Woolley, Wash.
2-28-55
(Formerly C. E. Bingham & Co. State
Skagit County
Bank)
Banking facilities established at military and other Government
establishments through arrangements made by Treasury Department
Seattle-First National Bank
Geiger Field Facility Office
2/ See footnote on page k*




Seattle, Wash.
Geiger Field, Wash.
Spokane County

National

2-1U-55

- 8 -

Name and location of banks and branches

Class
of bank

Date of
change

Branches acquired by absorption or purchase
Anglo California National Bank
f Acquired through absorption and
will operate the branch formerlyoperated by Suburban Bank.

San Francisco, Calif.

National

2-28-5#

Wilmington Trust Co,
Acquired through merger and will
operate the 3 branches formerly
operated by Industrial Trust Co.

Wilmington, Del.

Member

2- U-55

Second Bank-State Street Trust Co.
Acquired through absorption and
will operate the branch formerly
operated by Second National Bank.

Boston, Mass.

Member

2-21-55

California Bank
1st & Vermont Office

Los Angeles, Calif.
Member
101 South Vermont Ave.

2-28-#

Worcester County Trust Co.
Franklin Street Branch

Worcester, Mass.
16 Franklin Street

2- 7-55

Branches discontinued

Member

Changes in name or location of branches
Bank of America, N.T. & S.A.
Chico Branch
Moved from
Moved to
Paradise Branch
Moved from
Moved to

San Francisco, Calif.
Chico, Calif.
201 Broadway
LOO Broadway

2-28-55

Paradise, Calif,
6l6l Skyway Highway
6295 Skyway Highway

Fidelity Trust Co.
Central Avenue Branch
Moved from
Moved to
And renamed
College Avenue Branch

Indianapolis, Ind.

Bank of New York
Fifth Avenue Office
Moved from
Moved to

New York, N. Y.




National

2-21-55

Member
2- 7-55

2998 Central Avenue
2910 College Avenue

£30 Fifth Avenue
511-513 Fifth Avenue

Member
2-28-55

- 9 Name and location of banks and branches

Class
of bank

Date of
change

Changes in name or location of branches (Cont*d)
National City Bank
Park Avenue Branch
Moved from
Moved to

New York, N. Y.

National Bank of Commerce
Battery Street Branch
Moved from
Moved to

Seattle, Wash.




National

U87-1i95> Park Avenue
7 > East 57th Street
5

2128 Third Avenue
21*01 Third Avenue

National

2-28-#