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• ^ 5S S A?R°!^ ILATI0N I S D E R I V E D LARGELY FROM SECONDARY soutaSf. J
M
OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. i
CONFIDENTIAL

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

L.4.5

Ma^ch 18, 1953
CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING FEBRUARY 1953
Name and location of banks and branches

Class
of bank

Date of
change

New banks
(except successions and conversions)
Bank of Tokyo of California

San Francisco, Calif.

Membe:

2- 2-53

Sumitomo Bank (California)

San Francisco, Calif.

Membe:

2- 2-53

Central Colorado Bank

Colorado Springs, Colo.

Ins.non

1-19-53

Bank of Livonia

Livonia, Mich.

Ins.non.

1-15-53

Security State Bank

Ephrata, Wash.

Ins.non. 2- 9-53

Successions and conversions
Glenville Bank
Converted to-Glenville National Bank

Scotia, N. Y.
Scotia, N. Y.

Membe]'

2- 2-53

National

Voluntary liquidation
(except incident to absorptions, successions, etc.)
Bank of Cruger

Cruger, Miss.

Ins.non.

2-25-53

Ins.non.

2- 2-53

Consolidations, absorptions, etc.
Co-ops' State Bank
Absorbed by -Merchants National Bank

Beech Grove, Ind.

Central Savings Bank
Citizens Savings Bank
These two banks merged
under charter and title of —
Central Savings Bank

Baltimore, Md.
Baltimore, Md.




Indianapolis, Ind.

Baltimore, Md.

National
Ins.non.
Noninw.
Ins.non.

2- 2-53

Class
of bank

Name and location of banks and branches

Date of
change

Consolidations, absorptions, etc. (Cont'd)
l/ Citizens National Bank
Frederick, Md.
Absorbed by —
Farmers - Mechanics-Citizens National
Frederick, Md.
Bank
Bank of Michigan CityAbsorbed by —
First State Bank

Michigan City, Miss.

National Mohawk River Bank
Absorbed by —
First National Bank

Fonda, N. Y.

Garden City Bank & Trust Co.
Bank of Great Neck
These two banks merged
under charter of Garden City
Bank & Trust Co. and title of -Long Island Trust Co.

Garden City, N. Y.
Great Neck, N. Y,

First National Bank & Trust Co.
Northern New York Trust Co.
These two banks merged
under charter and title of —
Northern New York Trust Co.

Massena, N Y.
Watertown,
Y.

Bayside National Bank
Bankers Trust Co.
These two banks merged
under charter and title of —
Bankers Trust Co.

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

Oswego County National Bank
Syracuse Trust Co.
These two banks merged under
charter of Syracuse Trust Co. and
title of —
Marine Midland Trust Co. of
Central New York

Oswego, N. Y.
Syracuse,
Y.

First National Bank
Absorbed by -Peoples Union Bank

Irwin, Pa.




Holly Springs, Miss.

National
Ins.non. 2-21-53
Ins.non.
National 2- 2-53

Canajoharie, N. Y.

Garden City, N. Y.

Watertown, N. Y.

New York, N. Y.

Syracuse

National 2- 2-53

Y.

McKeesport, Pa

National
Member
Member

2- 9-53

Member
National 2-24-53
Member
Member
National 2- 2-53
Member
Member
National 2- 2-53
Member

Member
National 2-24-53
Member

- 3 Name and location of banks and branches

Clas

Date of
change

Consolidations, absorptions, etc. (Cont'd)
Mayfield State Bank
Absorbed by -First National Bank

Mayfield, Pa.

Miners & Merchants Bank
Absorbed by —
Seattle-First National Bank

Chelan, Wash.

Carbondale„ Pa.

Seattle, Wash.

Ins. on. 2-13-53
Natlcbal
Memb^:
r

2- 2-53

Natic nal

Admission of State bank to Federal Reserve membership
Compton Commercial & Savings Bank

Compton, Calif.

Ins.: Q. 2- 6-53

Withdrawal of State bank from Federal Reserve Membership
Commercial Banking & Trust Co.

Wooster, Ohio

Insurtti
tnce 2- 4-53
contim
Lued

Changes in name or location
Colorado Savings Bank
Name changed to —
Colorado Commercial & Savings Bank

Colorado Springs, Colo. Ins.ion. 1-28-53

/ Farmers & Mechanics National Bank
Frederick, Md.
Name changed to —
Farmers & Mechanics-Citizens National Bank
Commonwealth Bank
Name changed to-Bank of the Commonwealth

Detroit, Mich,

National 2- 2-53

Membejr

2- 2-53

American National Bank
Kalamazoo, Mich.
Name changed to -American National Bank & Trust Co.

National 2- 2-53

Security National Bank
Name changed to —
First National Bank

Montevideo, Minn.

National 2- 2-53

Chittenden County Trust Co.
Name changed to —
Chittenden Trust Co.

Burlington, Vt.

Ins.non. 2- 2-53




Name and location of banks and branches

Class
of bank

Date of
change

Ins.non.

1-15-53

Changes in name or location (Cont'd)
Danville Savings Bank & Trust Co.
Name changed to —
First State Bank

Danville, Va.

Branches established
(including branches at military and other Government
establishments and banks converted into branches)
Bank of Tokyo of California
Los Angeles Branch
(De novo)

San Francisco, Calif.
Member
120 South San Pedro St.
Los Angeles, Calif.

2- 9-53

Sumitomo Bank (California)
Los Angeles Branch
(De novo)

San Francisco, Calif.
260 East First St.
Los Angeles, Calif.

Member
2- 2-53

First National Bank
Seventeenth & Main Branch
(De novo)

Santa Ana, Calif.
1520 North Main St.

National

Delaware Trust Co.
Price's Corner Office
(De novo)

Wilmington, Del.
No. 1 Greenbank Rd.

2-11-53

Security Bank
Eastern Branch
(De novo)

Washington, D. C.
Member
2119 Bladensburg Rd., J.E.

2-24-53

First Security Bank of Idaho, N. A.
Ketchum-Sun Valley Branch
(De novo)

Boise, Idaho
National
Leadville Ave. & Third St.
Ketchum, Idaho

Citizens Banking Co.
Thirty-seventh & Main Sts. Branch
(De novo)

Anderson, Ind.
37th & Main Sts.

Merchants National Bank
Beech Grove Branch
(Formerly Co-ops' State Bank)

Indianapolis, Ind.
700 Main Street
Beech Grove, Ind.

Central Savings Bank
Citizens Branch
(Formerly Citizens Savings Bank)

Baltimore, Md.
Ins.non.
Baltimore & Eutaw Sts.




2- 2-53

2- 2-53

Member
12-4-52

2- 2-53

2- 2-53

- 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)
Farmers & Mechanics-Citizens
National Bank
Market & Patrick Streets Branch
(Formerly Citizens National Bank)

National
Frederick, Md.
Market & Patrick Sts.
2- 2-53

Holyoke National Bank
Maple Street Branch
(De novo)

Holyoke, Mass.
286 Maple St.

Manufacturers National Bank
Michigan-Curtis Branch
(De novo)

Detroit, Mich.
155^4 Michigan Ave.
Dearborn, Mich.

Peoples Savings Bank
Twenty-Fourth Street Office
(De novo)

Port Huron, Mich.
24th & Union Sts.

First State Bank
Michigan City Branch Office
(Formerly Bank of Michigan City)

Holly Springs, Miss.
Michigan City, Miss.

Summit Trust Co.
Passaic Valley Branch
(De novo)

Summit, N. J.
Member
Springfield Ave.
New Providence, N. J.

First National Bank
Canajoharie, N. Y.
Fonda Branch
Fonda, N. Y.
(Formerly National Mohawk River Bank)
Long Island Trust Co.
Great Neck Branch
(Formerly Bank of Great Neck)

Garden City, N. Y.
675 Middle Neck Rd.
Great Neck, N. Y.

Bankers Trust Co.
Bayside Office
(Formerly Bayside National Bank)

New York, N. Y.
41-22 Bell Blvd.

Marine Midland Trust Co. of
Syracuse, N. Y.
Central New York
186 West First St.
Central New York Oswego West Office
(Formerly Oswego County National Bank) Oswego, N. Y.




!

NationafL

2- 2-53

2- 9-53

2-18-53
Ins.noni.
j 2-21-53

2-28-53

2- 2-53

2- 9-53

2- 2-53

2- 2-53

- 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)
Northern New York Trust Co.
Massena Office
(Formerly First National Bank &
Tnist Co.)

Watertown, N. Y.
36 Main Street
Massena, N. Y.

• %/ Bank of Greensboro
Summit Avenue Branch
(De novo)

Greensboro, N. C.
Greensboro, N. C.

(/ State Trust Co.
' Fletcher Branch
(De novo)

Bendersonville, N. C.
Fletcher, N. C.

Member

2-24-53

1-12-53
Ins.non.
2- 7-53

First National Bank
Piketon Branch
(De novo)

Waverly, Ohio
National
Second & Forsythe Sts.
2- 2-53
Piketon, Ohio

Commercial Banking & Trust Co.
Doylestown Branch
(De novo)

Wooster, Ohio
Ins.non.
53-57 No. Portage St.
2- 2-53
Doylestoim, Ohio

United States National Bank
Hollywood Branch
(De novo)

Portland, Ore.
National
3925 N. E. Hancock St.
2-16-53

First National Bank
Mayfield Branch
(Formerly Mayfield State Bank)

Carbondale, Pa.
Mayfield, Pa.

National

First National Bank
Installment Loan Department
(be novo)

McKeesport, Pa.
226 Fifth Avenue

National

Peoples Union Bank
Irwin Branch
(Formerly First National Bank)

McKeesport, Pa.
223 Main Street
Irwin, Pa.

Member

Beneficial Saving Fund Society
Boulevard Office
(De novo)

Philadelphia, Pa.
Ins.non.
Roosevelt Blvd. at
Bobbins & Bustleton Ave.
2- 2-53




2-13-53

2- 9-53

I

2-24-53

!

- 7 Name and location of "banks and branches

Dlate of
[change

Class
of bank

Branches established (Cont'd)
(including branches at military and other Government
establishments and banks converted into branches)
Fidelity-Philadelphia Trust Co.
Ogontz Avenue Branch
(De novo)
Providence Institution for Savings
North Main Branch
(De novo)
^

IX

Philadelphia, Pa.
Ogontz Ave. &
Washington Lane
Providence, R. I.
13^0 North Main St.

Bank of Greenwood
New Ellenton Branch
(De novo)

Greenwood, S. C.
New Ellenton, S. C.

Piedmont National Bank
Main Street Branch
(De novo)

Spartanburg, S. C.
531 East Main St.

National

Seattle-First National Bank
Chelan Branch
(Formerly Miners & Merchants Bank)

Seattle, Wash.
2 East Woodia Ave.
Chelan, Wash.

National

i- 4-53
Nonius.
-12-53

2- 2-53

2- 3-53

2- 2-53

Banking facilities established at military and other Government
establishments through arrangements made by Treasury Department^
National City Bank
Port of Embarkation Facility

New York, N. Y.
58th St. & First Ave.
Brooklyn, N. Y.

National
| 2-16-53

Branches acquired by absorption or purchase
Mechanics Bank
San Pablo Branch
(Formerly branch of American
Trust Co., San Francisco,
Calif., which was purchased
by Mechanics Bank)




Richmond, Calif.
2636 San Pablo Ave.
San Pablo, Calif.

Ins.non.1
2- 2-53

Name and location of banks and branches

Class
of bank

Date of
change

Branches acquired by absorption or purchase (Cont-d)
Bankers Trust Co.
Little Neck Office
Oakland Gardens Branch
Turnpike Office
(Formerly branches of Bayside
National Bank, New York, N. Y.,
which merged with Bankers Trust
Co.)
Marine Midland Trust Co. of
Central New York
Fulton Office
Oswego Office East
Phoenix Office
(Formerly branches of Oswego
County National Bank, Oswego,
N. Y., which merged with
Syracuse Trust Co,, Syracuse,
N. Y., under new title Marine
Midland Trust Co. of Central
New York)

Member
New York, N. Y.
250-01 Northern Blvd.
Little Neck, N. Y.
221-44-^0 Horace Harding Blvd.
Bayside, N. Y.
186-03 Union Turnpike
Flushing, N. Y.

Syracuse, N. Y.
35 South First St.
Fulton, N. Y.
28 East Bridge St.
Oswego, N. Y.
Bridge & State Sts.
Phoenix, N. Y.

2- 2-53
2- 2-53
2- 2-53

Member
2- 2-53
2- 2-53
2- 2-53

Facilities discontinued
Bank of America N. T. i
Camp Cooke Facility

San Francisco, Calif.
Santa Maria, Calif.

National

Farmers National Bank
Camp McCoy Facility

Sparta, Wis.
Camp McCoy, Wis.

National

2- 6-53
2-14-53

Changes in name or location of branches
California Bank
Canoga Park Office
Moved from
Moved to




Los Angeles, Calif.
21530 Sherman Way
21834 Sherman Way

Member
2-16-53

1

- 9 Name and location of banks and branches

Class
of bank

Date of
change

Changes In name or location of branches (Cont'd)
Citizens National Trust & Savings Bank Los Angeles, Calif.
National
Larchmond Boulevard Branch
2-16-53
155 N. Larchmond Blvd.
Moved from
2U5 N. Larchmond Blvd.
Moved to
Bank of America N. T. & S. A.
Benicia Branch
Moved from
Moved to

San Francisco, Calif.
Benicia, Calif.
640 First Street
900 First Street

National

First National Bank
Montavilla Branch
Moved from
Moved to

Portland, Ore.

National

First American National Bank
Woodbine Branch
Moved from
Moved to

Nashville, Tenn.
Na
Woodbine, Tenn.
2601 Nolensville Rd.
2513 Nolensville Rd.

8005 Southeast Stark St.
8135 Southeast Stark St.

2-24-53

2-21-53

2-27-53

Change in location of branch or office at military reservation
Fulton National Bank
Veterans Administration Hospital
Moved to

National
Atlanta, Ga.
Atlanta, Ga.
1-19-53
Fort McPherson, Ga.

Revision of previous report
The statement covering the month of October, 1952, reported that the
Oswego County National Bank, Oswego, New York, opened a branch at 29 South First
Street, Fulton, New York, on October 14, 1952. Advice has now been received that
this branch was never opened for business.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102