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CONFIDENTIAL MAY 1 7 1950 BOARD OF GOVERNORS OF. THE F E D E j A f % ! # # % % ( 5 # N K L.U.5 — 1 5 , 1950 CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING APRIL 1950 Class of bank Name and l o c a t i o n of banks and branches Date of change,. New banks (except successions and conversions) Belmont, C a l i f , Loveland, Colo. P r i n c e v i l l e , 111. »/ Waldorf, Md, Republic, Mo, Holdrege, Nebr. Orchard, Nebr. F i r s t National Bank Home S t a t e Bank P r i n c e v i l l e S t a t e Bank Waldorf Bank Farmers S t a t e Bank F i r s t Security Bank Bank of Orchard National I n s . nonmem. I n s . nonmem, I n s , nonmem. I n s . nonmem. I n s , nonmem. I n s , nonmem. U-3-50 U-l-50 U-17-50 li-15-50 U-8-50 U-10-50 1-10-50 Noninsured k-12-50 Successions and conversions "Wheeler, Texas C i t i z e n s S t a t e Bank Converted to— F i r s t National Bank Wheeler, Texas National Consolidations, absorptions, e t c . Westphalia S t a t e Bank Absorbed by— Maynard-Allen S t a t e Bank Westphalia, Mich. Ins. nonmem. Portland, Mich. I n s . nonmem. Georgetown Bank Absorbed by— Merchants & P l a n t e r s Bank Georgetown, Miss. I n s . nonmem, Peoples S t a t e Bank Co. Farmers National Bank These two banks consolidated under charter and t i t l e of— Farmers National Bank Lisbon, Ohio Salem, Ohio Charter Bank Absorbed by— Central-Penn National Bank P h i l a d e l p h i a , Pa. C i t i z e n s S t a t e Bank Absorbed by— S e a t t l e - F i r s t National Bank Omak, Wash. Hazlehurst, Miss, Salem, Ohio P h i l a d e l p h i a , Pa. S e a t t l e , Wash. 3-27-50 I n s . nonmem. I n s . nonmem. National 1-10-50 National I n s . nonmem. h-10-50 National I n s . nonmem. National THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. li-3-50 1-17-50 Name and l o c a t i o n of banks and branches Class of bank Date of change Changes i n name or l o c a t i o n S e c u r i t y Savings Bank Name changed to— Security Commercial Bank Birmingham, Ala, Member W-50 Rumford F a l l s Trust Co. Name changed to— Bumford Bank & Trust Co, Rumford, Me, I n s , nonmem, it-l-5>0 Sunburst S t a t e Bank Name changed to— Toole County S t a t e Bank Shelby, Mont, I n s , nonmem, U-3-50 Other changes The statement covering the month of December 19U9 r e p o r t e d the Bank of Wessington, Wessington, South Dakota, as being placed i n voluntary l i q u i d a t i o n on December 27, 19U9,- Liquidation proceedings have been discontinued, and t h e bank resumed normal banking operations on March l £ , 1950, I Branches e s t a b l i s h e d (excluding o f f i c e s a t m i l i t a r y r e s e r v a t i o n s but including banks converted i n t o branches) S e c u r i t y - F i r s t National Bank Studio City Branch .(De novo) Los Angeles, C a l i f , 120iil Ventura Blvd. National San Francisco Bank Oakland Branch (De novo) San Francisco, C a l i f . ltl7-lUth S t r e e t Oakland, C a l i f . Ins. nonmem. Commercial National Bank South Main Branch (De novo) Santa Ana, C a l i f . 1230 South Main S t . National I n d u s t r i a l Trust Co, Market S t r e e t Branch (De novo) Wilmington, Del. 3605 Market S t . Member D e t r o i t Bank Mack-Hillcrest Branch (De novo) D e t r o i t , Mich. 188U5 Mack Ave, Member Maynard-Allen S t a t e Bank Portland, Mich, Westphalia Branch Westphalia, Mich. (Formerly Westphalia S t a t e Bank) r 1-12-50 U-12-50 U-lli-50 U-3-50 U-17-50 I n s , nonmem. it-3-50 - 3 • Name and l o c a t i o n of banks and branches Class of bank Date of change Branches e s t a b l i s h e d - Cont'd (excluding o f f i c e s a t m i l i t a r y r e s e r v a t i o n s but i n cluding banks converted i n t o branches) Merchants & P l a n t e r s Bank Georgetown Branch O f f i c e (Formerly Georgetown Bank) Hazlehurst, Miss. Georgetown, Miss, I n s . nonmem. Deposit Guaranty Bank & Trust Co. South S t a t e S t r e e t Branch (De novo) Jackson, Miss. Corner, South S t a t e & Pearl Streets Member New York Trust Co. Madison Ave* Branch (De novo) New York, N. Y. Madison Ave. & 52nd S t r e e t Member Farmers National Bank Lisbon Branch (Formerly Peoples S t a t e Bank Co.) Salem, Ohio 32 North Park Lisbon,-Ohio National Central-Penn National Bank 12th S t r e e t O f f i c e (Formerly Charter Bank) P h i l a d e l p h i a , Pa. 21 South 12th S t . National Western Savings Fund Society Suburban S t a t i o n Bldg, Branch (De novo) P h i l a d e l p h i a , Pa. I n s . nonmem. Suburban S t a t i o n Bldg. l 6 l ? Pennsylvania Blvd. Upper Darby National Bank Terminal O f f i c e (De novo) Upper Darby, Pa. National 69th S t r e e t Terminal of the P h i l a d e l p h i a Transportation Co. Lynchburg National Bank & Trust Co. tynchburg, Va, Drive-In Branch 815-17 Commerce S t . (De novo) S e a t t l e - F i r s t National Bank Omak Branch (Formerly C i t i z e n s S t a t e Bank) S e a t t l e , Wash. Omak, Wash, National National 3-27-50 ii-20-50 U-10-50 ti-10-50 lt-10-50 it-17-50 lt-17-50 1-16-50 1-17-50 Branches or o f f i c e s e s t a b l i s h e d a t m i l i t a r y r e s e r v a t i o n s (including "banking f a c i l i t i e s " provided through arrangements made by Treasury Department) McLachlen Banking Corporation Temporary Building "B" Washington, D. C. Member Second & Q S t s . , S.W. Bank'of Bethesda National I n s t i t u t e of Health F a c i l i t y Bethesda, Md. I n s . nonmem. Administration Building of the National I n s t i t u t e of Health k-3-50 4-10-50 - 4 Name and location of banks and branches Class of bank Branches acquired by absorption or purchase Central-Penn National Bank Philadelphia, Pa. National Arch S t r e e t Office 1716 Arch S t r e e t (Formerly branch of The Charter Bank which was absorbed by CentralPenn National Bank) Date of change 4-10-50 Changes in name or location of "branches Central Bank Lafayette Branch Moved from Moved t o Oakland, C a l i f . Ins. nonmem. Lafayette, C a l i f . 108 Mt. Diablo Blvd. 3583 Mt. Diablo Blvd. Bank of America, N.T. & S.A. Morgan H i l l Branch Moved from Moved t o San Francisco, C a l i f . National Morgan H i l l , C a l i f . Monterey S t r e e t 142 South Monterey St. F i r s t National Bank North Fourth Street" Branch Moved from Moved t o Albuquerque, N. M. Security Trust Co. Thurston Road Branch Moved from Moved to Rochester, N. Y. 4-17-50 National 4-27-50 3800 North Fourth St. 3612 North Fourth S t . 456 Thurston Road 504 Thurston Road 4- 3-50 Member 4- 3-50 Corrections The statement covering the month of March 1950 reported the Western-Santa Barbara Branch of the Bank of America, N.T. & S.A., San Francisco, C a l i f o r n i a , as moving from 1677 Santa Barbara Avenue to 1729 West Santa Barbara Avenue, Los Angeles, California on March 27, 1950. This move did not occur u n t i l April 17, 1950. The statement covering the month of March 1950 reported t h a t the Union Savings Bank, Boston, Massachusetts, opened a branch a t 69 Franklin S t r e e t on March 7> 1950, to be known as Franklin S t r e e t Branch. Advice has now been received t h a t the main o f f i c e of the bank was moved from 216 Fremont Street to 69 Franklin S t r e e t , and a branch was opened a t 216 Fremont S t r e e t . The statement covering the month of February 1950 reported t h a t the Union Bank of Michigan, Grand Rapids, Michigan, opened a branch a t 4305 South Division Avenue on February 23, 1950, to be known as Paris-Wyoming Branch. This address should have been: 4305 South Division Avenue, Home Acres, Michigan.
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