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RESEARCH DePARTMBHT | S E P 1 9 1949 FEOLRAL RESERVE BANK -CONFIDENTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE M O T # f "C^0KD i L.U»5 TBIS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. September ll|, 19^9 NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING AUGUST 19ti9 Name and location of banks and branches Class of bank Date of change New banks (except successions and conversions) Walnut Ridge, Ark, Citizens National Bank Long Beach, Calif. National City Bank Avondale Estates, Ga. Citizens Bank of DeKalb Farmers & Merchants National Bank" Monticello, Ind, Bettendorf, Iowa Bettendorf Bank & Trust Co, Glen Burnie, Md. Bank of Glen Burnie Penacook, N. H. Valley Trust Co. Carolina Beach, N. C. Bank of Carolina Beach National National Ins. nonmem. National Ins. nonmem. Ins. nonmenu Noninsured Ins. nonmem. 8-3-U9 8-29-U9 8-18-U9 8-1-19 8-27-U9 8-17-U9 8-17-19 8-1-1*9 Consolidations, absorptions, etc. Bonner County National Bank Absorbed b y Idaho First National Bank Sandpoint, Idaho National Boise, Idaho National Exchange Bank Absorbed b y Home Bank Helena, Mo. Clifton National Bank Passaic National Bank & Drust Co, These two banks consolidated under charter of Passaic National Bank & Trust Co. and under title o f — Passaic-Clifton National Bank & Trust Co, Clifton,4N. J. Passaic, N. J. Tradesmens National Bank Absorbed b y — First National Bank & Tr. Co. Oklahoma City, Okla. First National Bank Absorbed b y — United States National Bank Monmouth, Ore, Savannah, Mo. Passaic, N. J. Ins. nonmem. 8-22-19 1 i 8-1-U9 Ins. nonmem. National National 8-22-U9 National National 8-17-^9 Oklahoma City, Okla. National Portland, Ore. National National 8-1-19 i 1 - 2 - Name and location of banks and branches Class of bank Date of change Consolidations, absorptions, etc, - Cont'd Commercial State Bank Fredericksburg, Va. Farmers & Merchants State Bank Fredericksburg, Va. These two banks merged under charter and title o f — Fredericksburg, Va, Farmers & Merchants State Bank Ins. nonmem. Member 8-29-49 Member Changes in name or location Mercantile Home Bank & Trust Co. Name changed t o — Mercantile Bank & Trust Co, Kansas City, Mo, Member 6-17-49 Franklin Square National Bank Name changed t o — Franklin National Bank Franklin Square, N. Y. National 8-15-49 Branches established (excluding offices at military reservations but including banks converted into branches) First National Trust & Savings Bank San Diego, Calif, Midway Branch 3541 Rosecrans Street (De novo) National Bank of America, N, T. & S. A, Stonestown Branch. (De novo) San Francisco, Calif, 3449 Nineteenth Ave. National Idaho First National Bank Sandpoint Branch (Formerly Bonner County National Bank) Boise, Idaho Sandpoint, Idaho National Fidelity National Bank Istrouma Branch (De novo) Baton Rouge, La. 267$ Scenic Highway National National Bank of Detroit Winthrop-Seven Mile Office (De novo) Detroit, Mich. 15633 Seven Mile Road National Passaic, N. J, 802 Main Ave. Clifton, N. J. National Passaic-Clifton National Bank & Trust Co. Clifton Office (Formerly Clifton National Bank) 8-29-49 8-1-49 8-22-49 8-4-49 8-15-49 8-22-49 - 3 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) Security Trust Co. Thurston Road Branch (De novo) Rochester, N. Y. 456 Thurston Road Member Peoples Bank & Trust Co. South Branch (De novo) Rocky Mount, N. C. Rocky Mount, N. C. Ins. nonmem. First National Bank West Eugene Branch (De novo) Eugene, Ore. 710 Polk Street • National 8-17-49 8-13-1,9 United States National Bank . Portland, Ore. Monmouth Branch Monmouth, Ore. (Formerly First National Bank) 8-1-19 Seattle, Wash, 305 East 110th St. Northgate, Wash. -29-U9 National 8-1-to Changes in name or location of branches Bank of America, N. T. & S. A. Gardena Branch Moved from Moved to San Francisco, Calif. National Gardena, Calif. 900 West Gardena Blvd. 1030 West Gardena Blvd. 8-22-49 Produce Branch Moved from Moved to Los Angeles, Calif. 1303 East ?th Street 1339 East 7th Street 8-15-49 Tracy Branch Moved from Moved to Tracy, Calif. Central Ave, at 7th St. 1034 Central Avenue 8-22-1*9 Security Trust Company Ridge-Dewey Office Moved from Moved to Rochester, N, Y. 480 Ridge Road West 470 Ridge Road West || National Farmers & Merchants State Bank Fredericksburg, Va. Member Commercial State Branch Caroline & Williams St. (Formerly Commercial State Bank) National Bank of Commerce Northgate Branch (De novo) I -19-49 Member -1-49 | £ t
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