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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.