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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-#