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3 «7 :JLS~ COHFIDSi'lTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Max ;1952 I L.4.5 THIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. NOT A l OFFICIAL REPORT Os CliALGiSS I I THE BACKING STRUCTURE. l I '• . ? . CHANGES H STATUS OF BANKS AND BRANCHES AS REPORTED DURING APRIL 1952 Name and location of banks and "branches Class of bank Date of change New banks (except successions and conversions) Bank of South Miami South Miami, Fla. Ins.non. 4- 3-52 Commercial State Bank Hokah, Minn. Ins.non. 4-26-52 First National Bank Tuckerton, N. J. National 4-14-52 Hood System Industrial Bank Raleigh, N. C. Ins.non. 4-22-52 Liberty State Bank Powers Lake, N. D. Ins.non. 4-16-52 Northwest National Bank Oklahoma City, Okla. National 4-14-52 Bank of Lebanon Lebanon, Ore. Ins.non. 4- 7-52 First National Bank Pasadena, Texas National 4-14-52 Seagoville State Bank Seagoville, Texas Ins.non. 4- 7-52 Bank of Annandale Annandale, Va. Ins.non. 4- 5-52 Aberdeen, Wash. National 4-14-52 National 4- 1-52 Harbor National Bank Successions and conversions Fair Oaks, Calif. First National Bank Converted to — Suburban Bank Fair Oaks, Calif. Ins.non. Suspension Camden, 111. Camden State Bank Ins.non. 4-10-52 National National 3-31-52 Consolidations, absorptions, etc. Farmers National Bank First National Bank These two banks consolidated under charter of First National Bank and title of — First & Farmers National Bank Somerset, Ky. Somerset, Ky. Somerset, Ky. National Class of bank Date of change Glyndon, Md. Ins.non. 4-14-52 Reisterstown, Md. Ins.non. Name and location of banks and branches Consolidations, absorptions, etc. (Cont'd) VGlyndon Bank Reisterstown Savings Bank of Baltimore County These two banks merged under ( charter of Reisterstown Savings Bank of Baltimore County and title of — Reisterstown - Glyndon Bank Reisterstown, Md. Ins.non. Concord Natidnal Bank Absorbed by — Harvard Trust Co. Concord, Mass. Brooklyn State Bank National Bank of Jackson These two banks consolidated under charter and title of — National Bank of Jackson Brooklyn, Mich. Jackson, Mich. Ins.non. National Jackson, Mich. National Stewartsville, Mo. Ins.non. Stewartsville State Bank Absorbed by — First National Bank Cambridge, Mass. Stewartsville, Mo. Citizens National Bank & Trust Co. Englewood, N. J. Northern Valley National Bank Tenafly, N. J. These two banks consolidated under charter of Citizens National • Bank & Trust Co. and title of — Citizens Northern Valley National Bank Englewood, N. J. Mount Vernon Trust Co. County Trust Co. These two banks merged under charter and title o f — County Trust Co. Mount Vernon, N. Y. White Plains, N. Y. First National Bank First National Bank These two banks consolidated under charter and title of — First National Bank Cincinnati, Ohio Norwood, Ohio Carnegie National Bank Absorbed by — Mellon National Bank & Trust Co. Carnegie, Pa. White Plains, N. Y. Cincinnati, Ohio Pittsburgh, Pa. National 4-14-52 Member 4-21-52 4- 5-52 National National National 3-31-52 National Member Member 4- 1-52 Member National National 3-31-52 National National National 4-21-52 - 3 Class of bank Date of change Ins.non. Name and location of banks and branches 4- 1-52 Consolidations, absorptions, etc. (Cont'd) Sugar Grove Savings Bank Absorbed by — Warren Bank & Trust Co. Sugar Grove, Pa. Tidioute State Bank Absorbed by — Warren National Bank Tidioute, Pa. Ins.non. Warren, Pa. National Madison Bank & Trust Co. Absorbed by -First American National Bank Madison, Tenn. Citizens National Bank Absorbed by -Seagoville State Bank Crandall, Texas Warren, Pa. Nashville, Tenn. Seagoville, Texas Member Ins.non. 4- 1-52 4- 1-52 National National 4- 7-52 Ins.non. Withdrawal of State bank from Federal Reserve Membership Peoples Bank Science Hill, Ky. Insurance continued 4- 1-52 Ins.non. 2- 1-52 National 4- 5-52 Changes in name or location Burden Banking Co. Name of town changed to — Summit, Ga. Twin City, Ga. = Peoples National Bank Paducah, Ky. Name changed to — Peoples First National Bank & Trust Co. Branches established (including branches at military and other Government establishments and banks converted into branches) Golden State Bank Hollydale Office (De novo) Bell Gardens, Calif. Ins.non. 12125 South Garfield Avenue Hollydale, Calif. 4- 4-52 Southern Commercial & Savings Bank San Marino Office (De novo) East Pasadena, Calif. San Marino, Calif. 4- 5-52 Central Bank Oakland, Calif. Exposition Building Branch 920 Fallon Street (De novo; temporary branch open from April 24, 1952 to May 2, 1952) Member Ins.non. 4-24-52 Class of bank Name and location of banks and branches Date of h change Branches established (Cont'd) (including branches at military and other Government establishments and banks converted into branches) Colonial Trust Co. Madison Street Branch (De novo) Wilmington, Del. 601 Madison Street 4- 7-52 ; Fulton National Bank West End Office (De novo) Atlanta, Ga. . 633-639-645 Evans Street, S. W. 4-30-52 I Highland Bank Fort Thomas, Ky. Highland Bank Agency 1029 Fort Thomas (De novo; formerly head office of Avenue Highland Bank, which moved from 1029 Fort Thomas Avenue to 3 South Fort Thomas Avenue.) Royal Bank Parkland Branch (De novo) • First & Farmers National Bank Farmers Branch (Formerly Farmers National Bank) J Louisville, Ky. 2738 Dumesnil Street i 3- 3-52 ! I Ins.non. 4-14-52 r Somerset, Ky. 57 Public Square 3-31-52 if Reisterstown - Glyndon Bank Glyndon Branch (Formerly Glyndon Bank) Reisterstown, Md. Glyndon, Md. 4-14-52 j;r- Harvard Trust Co. Concord Office (Formerly Concord National Bank) Cambridge, Mass. 38 Main Street . Concord, Mass. Union Trust Co. West Springfield Branch (De novo) Springfield, Mass. Member Memorial Avenue West Springfield, Mass. 4-14-52,, National Bank of Jackson Brooklyn Office (Formerly Brooklyn State Bank) Jackson, Mich. National 121 North Main Street Brooklyn, Mich. 4-21-52r Citizens Northern Valley National Bank Tenafly Office (Formerly Northern Valley National Bank) Englewood, N. J. National 6 West Railroad Avenue Tenafly, N. J. 3-31-52 Member 4-14-521- 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) Central Trust Co. Lyell - Mt. Read Office (De novo) Rochester, N. Y. 1370 Lyell Avenue Member County Trust Co. Mount Vernon Office (Formerly Mount Vernon Trust Co.) White Plains, N. Y. Member 20 East First Street Mount Vernon, N. Y. 4-1-52 First National Bank Norwood Branch (Formerly First National Bank) Cincinnati, Ohio 4600 Montgomery Road Norwood, Ohio National 3-31-52 Park National Bank Hebron Branch (De novo) Newark, Ohio Hebron, Ohio National Fidelity - Philadelphia Trust Co. Rittenhouse Square Office (De novo) Philadelphia, Pa. S. E. Cor. 18th & Walnut Streets Member Northwestern National Bank West Philadelphia Office (De novo) Philadelphia, Pa. 3926-28 Lancaster Avenue National Saving Fund Society of Germantown Northeast Branch (De novo) Philadelphia, Pa. 2604 Cottman Street Ins.non. Mellon National Bank & Trust Co. Carnegie Branch (Formerly Carnegie National Bank) Pittsburgh, Pa. National West Main & Chartlers St. Carnegie, Pa. 4- 2-52 4-12-52 4-30-52 4- 1-52 4-14-52 Warren Bank & Trust Co. Warren, Pa.„Sugar Grove, Pa. Sugar Grove Branch (Formerly Sugar Grove Savings Bank) Member Warren National Bank Tidioute Branch (Formerly Tidioute State Bank) 4-21-52 National Warren, Pa. Tidioute, Pa. First American National Bank Nashville, Tenn. Madison Branch Madison, Tenn. (Formerly Madison Bank & Trust Co.) 4- 1-52 4- 1-52 National 4- 1-52 - 6 - Class of bank Name and location of banks and branches Date of change Banking facilities established at military and other Government establishments through arrangements made by Treasury Department Florida National Bank Key West Naval Base Key West, Fla. Key West, Fla. 4-14-52 First National Bank Kingston Steam Plant Rockwood, Tenn. Rockwood, Tenn. 3-21-52 I First Security Bank of Utah, N. A. Tooele Ordnance Depot Ogden, Utah Tooele, Utah 4-18-52 ! Branches discontinued Maine Savings Bank Middle Street Branch Portland, Me. 244 Middle Street Nonins. Bank of Sheboygan Haven Branch Sheboygan, Wis. Haven, Wis. I 12-28-51f Member 4- 1-521 Changes in name or location of branches Miners & Merchants Bank Warren Branch Moved from Moved to Bisbee, Ariz. Warren, Ariz. 409 Arizona Street 223 Arizona Street Bank Of America N.T. & S.A. Needles Branch Moved from Moved to San Francisco, Calif. Needles, Calif. 901 Broadway TOO Broadway National Bank of Commerce & Savings North Capitol Street Branch Moved from Moved to Washington, D. C. Ins.non. National Bank & Trust Co. River Park Branch Moved from Moved to South Bend, Ind. Union County Trust Co. Broad Street Branch Moved from Moved to And renamed Westminster Office Elizabeth, N. J. £ Ins.non. 3-17-52 &r: I 4-21-52 ^ I North Capitol & H Sta., N.W. 725 N. Capitol St., N.W. National 3-24-52 i 4- 2-52 L 2929 Mishawaka Avenue 2928 Mishawaka Avenue f Member 113 Broad Street 350 Westminster Avenue I 4- 4-52 • I - 7 Class of bank Name and location of banks and branches Date of change Changes in name or location of branches (Cont'd) t Industrial Bank of Commerce East Side Branch Moved from Moved to New York, N. Y. County Trust Co. Mount Vernon Office Renamed Mount Vernon Drive-in Office White Plains, N. Y. Member 1 South West St. & 144 Mount Vernon Avenue Mount Vernon, N. Y. 4-2-52 124 Allen Street 126 Delancey Street 4-1-52 Change in name of branch or office at military reservation Louisville Trust Co. Nichols General Hospital Location changed to Veterans Administration Hospital Louisville, Ky. Louisville, Ky. Member 4-1-52 Louisville, Ky. Revision of previous report The statement covering the month of March 1952 reported that the Rapides Bank & Trust Co., Alexandria, Louisiana, opened a banking facility at Alexandria Municipal Airport on March 4, 1952. We are now advised that this facility did not open for business until May 2, 1952.