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COMFIDEMTIAL
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES 0r+rihp> . n £ 1 Q c n
NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.
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CHANGES H STATUS OF BANKS AND BRANCHES AS REPORTED DURING SEPTEMBER 1950
Name and location of banks and "branches

Class of bank

Date of
change

New banks
(except successions and conversions)
Farmers & Stockmens Bank

Phoenix, Ariz.

Ins. nonmem.

9- 5-50

Bank of Laguna Beach

Laguna Beach, Calif.

Member

9-23-50

Arkansas Valley Bank
Pueblo, Colo.
(Admitted to membership on
September 16, 1950, but
did not open for business
until September 18, 1950.)

Member

9-18 50

Park National Bank

Chicago, 111.

National

9- 9-50

Bank of Morehouse

Bastrop, La.

Ins. nonmem.

8-21-50

Guaranty Bank

Mamou, La.

Ins. nonmem.

8- 1-50

Staplehurst State Bank

Staplehurst, Nebr.

Ins. nonmem.

8-15-50

Member

9-29-50

Consolidations, absorptions,
Home Bank & Trust Co.
Absorbed by —
Stamford Trust Co.

Darien, Conn.
Stamford, Conn.

Ins. nonmem.

Park Street Trust Co.
Hartford, Conn.
Phoenix State Bank & Trust Co. Hartford, Conn.
These two banks merged
under charter and
title of —
Phoenix State Bank &
Trust Co.
Hartford, Conn.

Ins. nonmem.
Member

Riverside Trust Co.
Portland Trust Co.
These two banks merged
under charter and
title of -Riverside Trust Co.

Hartford, Conn.
Portland, Conn.

Ampere Bank & Trust Co.
Absorbed by —
Fidelity Union Trust Co.

East Orange, N. J.




Hartford, Conn.

Newark, N. J.

9-18-50

Member
Member
Ins. nonmem.

9-29-50

Member.
Member
Member

9- 1-50

- 2 Name and location of banks and branches

Class of bank

Date of
change

Conso1 idations , absorptions, etc, (Cont'd)
Bankers Trust Co.
Lawyers Trust Co,
These two banks merged
under charter and title
Bankers Trust Co.
Citizens National Bank
Absorbed by —
Peoples City Bank

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

Member
Member

New York, N. Y.

Member

Bentleyville, Pa.

National

McKeesport, Pa.

9-18-50

Member

9-18-50

Withdrawal of State bank from Federal Reserve Membership
Miami Deposit Bank

Yellow Springs, Ohio

Insurance
continued

9-11-50

Member

8- 5-50

Changes in name or location
South Side Bk. of Bay Shore, N.Y.
Name changed to —
South Side Bank

Bay Shore, N. Y.

Branches established
(excluding offices at military reservations but including banks converted into branches)
Desert Bank
Palm Springs Branch
(De novo)

Cathedral City, Calif.
456 N. Palm Canyon Drive
Palm Springs, Calif.

Citizens National Trust &
Savings Bank
South Gate Branch
(De novo)

Los Angeles, Calif.
Zj.300 Tweedy Blvd.
South Gate, Calif.

Phoenix State Bank & Trust Co. Hartford, Conn.
Park Street Office
Park & Broad Streets
(Formerly Park Street
Trust Co.)

Ins. nonmem.
9- 5-50

9-16-50
Member
9-18-50

Riverside Trust Co.
Hartford, Conn.
Portland Branch
Portland, Conn.
(Formerly Portland Trust Co.)

9-29-50

Fidelity Title & Trust Co.
Eastside Office
(De novo)

Stamford, Conn.
850 Main Street

Ins. nonmem.

Stamford Trust Co.
Home Bank Office
(Formerly Home Bank &
Trust Co.)

Stamford, Conn.
Darien, Conn.

Ins. nonmem.




8-15-50

9-29-50

Name and location of banks $ncL branches

Class of bank

Date of
change

Branches established (Cont'd)
(excluding offices at pilitary reservations but including banks converted idto branches)
City Bank
Detroit, Mich.
Member
. Michigan State Pair
Grounds Branch
Michigan State Fair Grounds
(De novo; temporary branch
open from September 1,
1950 to September 10,
1950.)

9- 1-50

Member

Fidelity Union Trust Co.
Ampere Office
(Formerly Ampere Bank &
Trust Co.)

Newark, N. Y.
East Orange, N. J.

Trenton Banking Co.
Ewing Branch
(De novo)

Trenton, N. J.
Ins. nonmem.
Pennington Road & North
Olden Ave., Ewing Township

State Bank of Albany
Time Sales Department
(De novo)

Albany, N. Y.
527 Central Avenue

9- 1-50

8-21-50

Member
9-25-50

Bankers Trust Co.
New York, N. Y.
Ill Broadway Office
Ill Broadway
(Formerly Lawyers Trust Co.)

Member

Community Savings Bank
Waring Road Office
(De novo)

Rochester, N. Y.
258 Waring Road

Ins. nonmem.

Bank of Mount Olive
Calypso Branch
(De novo)

Mount Olive, N. C.
Calypso, N. C.

Ins. nonmem.

Planters National Bank &
Trust Co.
Church Street Office
(De novo)

Rocky Mount, N. C.
133 North Church St.

National

First National Bank
Springfield Branch
(De novo)

Eugene, Ore.
665 East Main Street
Springfield, Ore.

National

Peoples City Bank
McKeesport, Pa.
Bentleyville Branch
Bentleyville, Pa.
(Formerly Citizens National
Bank)




9-18-50

9-21-50

9- 5-50

9-29-50

9-16-50

9-18-50

- 4
Name and location of banks and branches

Class of bank

Date of
change

Branches established (Cont'd)
(excluding offices at military reservations but including banks converted into branches)
S

Bank of Virginia Beach
Bank-By-Auto Branch
(De novo)

Virginia Beach, Va.
31st St. & Pacific Ave.

Ins. nonmem.
9-I8-5O

Branches or offices established at military reservations
(including "banking facilities" provided through arrangements
made by Treasury Department)
Bank of America, N.T. , S.A.
Camp Cooke Facility

San Francisco, Calif.
Lompoc, Califs

National

Rapides Bank & Trust Co.
Camp Polk Facility

Alexandria, La.
Camp Polk, La.

Member

9-18-50

9-27-50

Branches acquired by absorption or purchase
Bankers Trust Company
Empire State Office
Fourteenth Street Office
203 Montague St. Office

Member

New York, N. Y.
350 Fifth Avenue
Manhattan, N. Y.
80 Eighth Avenue
Manhattan, N. Y.

9-15-50

203 Montague Street
Brooklyn, N. Y.

(Formerly branches of Lawyers
Trust Company, New York
which was absorbed by Bankers
Trust Co.)
-Changes in name or location of branches
Security-First National Bank
Los Angeles,
El Centro Branch
El Centro,
Changed from
492 Main
Changed to
496 Main
(This change is due to renumbering of street and does
not represent a change in the
actual location. Change was
reported to the Federal Reserve
Bank of San Francisco on August
31, 1950; the date oh which the
change occurred was not reported.)

Calif.
Calif.
Street
Street

Na

Inglewood Branch
Inglewood, Calif.
Changed from
101 South Commercial Ave.
Changed to
101 South La Brea Ave.
(This change is due to renaming of street and does not
represent a change in the actual location.)




9-15-50

- 5
Name and location of banks and branches

Class of bank

Date of
change

Changes in name or location of branches (Cont'd)
American Trust Co.
Mission-Ocean Avenue Branch
Moved from
Moved to
North Berkeley Office
Moved from
Moved to

San Francisco, Calif.
9-25-50
4648 Mission Street
4727 Mission Street
9.-18-50

Berkeley, Calif.
1799 Solano Avenue
1800 Solano Avenue

S. A. San Francisco, Calif.
Bank of America, N.T.
Balboa Branch
Balboa, Calif.
615 East Central Ave.
Changed from
Changed to
615 East Balboa Blvd.
(This change is due to renaming of street and does
not represent a change in
actual location. Change was
reported to the Federal Reserve
Bank of San Francisco on September
12, 1950; the date on which the
change occurred was not reported.)
San Diego, Calif.
Van Dyke - University Branch
4246 University Ave.
Moved from
4444 University Ave.
Moved to
and renamed —
University-Highland Branch

9-18-50

Crocker First National Bank
Oakland Branch
Moved from
Moved to

San Francisco, Calif.
Oakland, Calif.
1226 Franklin Street
360 14th Street

National

Chemical Bank & Trust Co.
Limited Branch
Moved from
Moved to

New York, N. Y.

Member

County Trust Co.
Hartsdale Office
Moved from
Moved to

Member
White Plains, N. Y.
Hartsdale, N. Y.
Station Plaza
232 East Hartsdale Ave.

Old National Bank
Rosalia Branch
Moved from

Spokane, Wash.
Rosalia, Wash.
N.W. Corner Whitman &
5th Streets
S.W. Corner Whitman &
6th Streets

Moved to




9-11-50

9- 1-50
405 East 42nd Street
4th Floor of Secretarial
Building of the United
Nations at East River
Drive and 44th Street.

9-11-50

National
9- 5-50

- 6

-

Name and location of banks and branches

Class of bank

Date of
change

Corrections

The statement covering the month of July 1950 reported the South Kokomo
Branch of the First National Bank, Kokomo, Indiana, as opening for business July
15, 1950. This branch did not open until August 31> 1950.
The statement covering the month of June 1950 reported that the York
Trust Company, York, Pennsylvania, opened a branch at Lincoln Way East,
Springettsbury Township, Pennsylvania, to be known as Lincoln Way Branch. Advice
has now been received that the name of this branch should be East Market Street
Branch with post office address, 1765 E. Market Street, York, Pennsylvania.