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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.4.5

TSIS

COMPILATld^TMSRIVED LARGELY FROM SECONDARY SOURCES. September 18, 1950
NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE.

CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING AUGUST 1950
Date of
Class of bank
and location of "banks and branches
change
New banks
(except successions and conversions)

National Bank of Chenoa

Chenoa, Illinois

National

8- 1-50

Peoples Bank
(Unincorporated bank)

Baxley, Georgia

Noninsured

6-24-50

National

8-28-50

Successions and conversions
Jefferson, Texas

Rogers National Bank
Succeeded by —
First National Bank

Jefferson, Texas

National

Voluntary liquidations
(except incident to absorptions, successions, etc.)
State Bank of Chenoa

Chenoa, Illinois

Ins. nonmem.

8- 1-50

National

8-21-50

Consolidations, absorptions, etc.
Thomaston National Bank
Absorbed by —
Colonial Trust Company

Thomaston, Connecticut

Farmers First National Bank
Absorbed by -First National Bank

Minooka, Illinois

Waterbury, Conn.

Joliet, Illinois

Evansville, Indiana
North Side Bank
Evansville, Indiana
Old National Bank
These two banks consolidated
under charter and title of —
Old National Bank
Evansville, Indiana
Lakeview State Bank
Absorbed by —
Security National Bank

Battle Creek, Michigan

State Bank of Harris
Absorbed by —
Cambridge State Bank

Harris, Minnesota




Battle Creek, Mich. -

Cambridge, Minnesota

Member
National

8-14-50

National
Ins. nonmem.
National

8-28-50

National
Ins. nonmem.

8-14-50

national
Ins. nonmem.
Ins. nonmem.

7-29-50

-

2

-

Name and location of banks and branches

Class of bank

Consolidations, absorptions, etc. (Cont Si
Ins. nonmem.
Flaxville, Montana
Daniels County State Bank
Absorbed by -Ins. nonmem.
Scobey, Montana
Citizens State Bank
State Bank of Churchville
Security Trust Company
These two banks merged under
charter and title of —
Security Trust Company

Churchville, New York
Rochester, New York
Rochester, New York

Title Guarantee & Trust Company New York, New York
Absorbed by —
New York, New York
Bankers Trust Company
Newport Trust Company
Gorham Savings Bank
These two banks were
absorbed by -Industrial Trust Company

Newport, Rhode Island
Providence, R. I.

Bank of Jonesville
Mutual Bank
Union County Bank
These three banks were
absorbed by —
Commercial National Bank

Jonesville, S. C.
Landrum, S. C.
Union, S. C.

providence, R. I.

Spartanburg, S. C.

Ins. nonmem.
Member

Date of
change

8-12-50

8- 1-50

Member
Ins. nonmem.

8- 7-50

Member
Ins. nonmem.
Noninsured

6-30-50
8- 3--50

Member
Ins. nonmem.
Ins. nonmem.
Ins. nonmem.

8-21-5<b

8-14-50

8-10-50

National

Admissions of State banks to Federal Reserve membership
Ottoville Bank Company
Texas State Bank
Victoria Bank & Trust Co.

Ottoville, Ohio
Austin, Texas
Victoria, Texas

8-15-50

Ins. nonmem.
Ins. nonmem.
Noninsured

8- 9-50

Ins. nonmem.

7-27-50

8-11-50

Changes in name or location
Tallahassee, Florida
Tallahassee State Bank
Name changed to —
Tallahassee State Bank & Trust Co.
Merchants National Bank
Name changed to —
First National Bank

Sauk Centre, Minn.

National

8- 9-50

Bank of Quinwood
Location changed to —

Quinwood, W. Va.
East Rainelle, W. Va.

Member

8-15-50




t

- 3 Name and location of banks and branches

Class of bank

Date of
change

Other changes
•Bank of Beaumont
Member
6- 7-50
Beaumont, California
National
•First National Bank
Bellflower, California
National
*First National Bank
Corcoran, California;
Ins. nonmem.
*Bank of Pinole
Crockett, California
National
*First National Bank
Crows Landing, Calif.
National
Delano, California
•First National Bank
National
•First National Bank
Fairfield, California
National
•First National Bank
Garden Grove, Calif.
National
•First National Bank
Los Altos, California
•Farmers & Merchants Bank of
Watts Ins. nonmem.
Los Angeles, Calif.
•American Commercial & Savings
Bank
Ins. nonmem.
Moorpark, California
•Bank of Newman
Member
Newman, California
•First Trust & Savings Bank
Pasadena, California
Member
•Central Bank of Calaveras
Ins. nonmem.
San Andreas, Calif.
National
•First National Bank
San Jacinto, Calif.
•First Savings Bank
San Jacinto, Calif.
Ins. nonmem.
•First National Bank
Santa Ana, Calif.
National
•First National Trust & Savings
National
Bank
Santa Barbara, Calif.
Ins. nonmem.
•Bank of Tehachapi
Tehachapi, Calif.
National
•Temple City National Bank
Temple City, Calif.
•First National Bank
Turlock, California
National
National
•First National Bank
Weed, California
•These banks, the business of which had been acquired by Bank of America,
N.T. & S.A., at the close of business June 24, 1950, resumed operations
on August 7, 1950. The business of the branches established by the Bank
of America, N.T. & S.A., on June 26, 1950 at the location of these banks,
as well as at the locations of the two branches of the Bank of Pinole,
the two branches of the Bank of Newman and the two branches of the First
Trust and Savings Bank of Pasadena, was reacquired by the respective banks
at the close of business August 5, 1950. (Status of these transactions is
in litigation.)
Branches established
(excluding offices at military reservations but including banks converted into branches)
Earle State Bank
Crawfordsville Office
(De novo)

Earle Arkansas
Crawfordsville, Ark.

Ins. nonmem.

Exchange Bank
Roseland Office
(De novo)

Santa Rosa, Calif.
S.W. Corner Sebastopol
Road & Dutton Avenue

Ins. nonmem.




8-16-50

8- 3-50

- 4 Name and location of banks and branches

Class of bank

Branches established (Cont'd)
(excluding offices at military reservations but including banks converted into branches)
New London City National Bank
New London, Connecticut
National
Old Saybrook Branch
Saybrook, Connecticut
(De novo)
New Haven Savings Bank
Westville Branch
(De novo)

New Haven, Connecticut
Corner Fountain Street
& Central Avenue
Waterbury Connecticut
Thomaston, Conn.

Member

National Metropolitan Bank
49th Street Branch
(De novo)

Washington, D. C.
4301 49th Street, N.W.

National

Old National Bank
North Side Office
(Formerly North Side Bank)

Evansville, Indiana
100 North Main Street

National

Bossier Bank & Trust Company
North Bossier Branch
(De novo)

Bossier, Louisiana
Intersection of U.S.
Highway 80 & State
Highway 10

Ins. nonmem.

8-22-50

Noninsured

Colonial Trust Company
Thomaston Branch
(Formerly Thomaston
National Bank)

Date of
change

8-18-50

8-21-50

Security National Bank
Battle Creek, Mich.
Lakeview Branch
637 Capital, S.W.
(Formerly Lakeview State Bank)

National

Manufacturers National Bank
Wyoming-Fendell Branch
(De novo)

Detroit, Michigan
15365 Wyoming Avenue

National

Bankers Trust Company
176 Broadway Office
(Formerly Title Guarantee
and Trust Company)

New York, New York
176 Broadway 5 Maiden Lane

Member

Security Trust Company
Churchville Office
(Formerly State Bank of
Churchville)

Rochester, New York
22 South Main Street
Churchville, N.Y.
Schenectady, N. Y.
1815 State Street

Ins. nonmem.

8-28-50

6- 6-50

Member

Industrial Bank
Woodland Branch
(De novo)

8-28-50




8-14-50

8- 7-50

8- 7-50

8- 1-50

7-10-50

Name and location of banks and branches

Class of bank

Branches established (Cont'd)
(excluding offices at military reservations but including banks converted into branches)
Planters Bank
Ins. nonmem.
Stantonsburg, N. C.
Saratoga Branch
Saratoga, N. C.
(De novo)
Cleveland Trust Company
Cleveland, Ohio
Member
Pearl Road - W. 130th Branch
S.W. Corner of Pearl
(De novo)
Road & W. 130th St.
Middleburgh Heights, Ohio
Portland Trust & Savings Bank
rPittock Branch
(De novo)

Portland, Ore.
Member
923 S.W. Washington St.

First National Bank
Millcreek Branch
(De novo)

Erie, Pa.
822 Plaza Boulevard
Millcreek Township,
Erie, Pa.

Date of
change

8-19-50
8-28-50

8-21-50

8- 3-50

Commercial National Bank
Spartanburg, S. C.
Jonesville Branch
Jonesville, S. C.
(Formerly Bank of Jonesville)

8-21-50

Landrum Branch
(Formerly Mutual Bank)

Landrum, S. C.

8-14-50

Union Branch
(Formerly Union County Bank)

Union, S. C.

8-10-50

Seattle-First National Bank
Sixth & Denny Branch
(De novo)

Seattle, Wash.
566 Denny Way

Washington State Bank
Mercer Island Office
(De novo)

Snoqualmie, Wash.
Mercer Island, Wash.




8-31-50
Ins. nonmem.

8-23-50

- 6

-

Date of
Class of bank : change

Name and location of banks and branches

Branches or offices established at military reservations
(including "banking facilities" provided through arrangements
made by Treasury Department)
Otero County State Bank
Alamogordo, N. Mex.
Ins. nonmem.
White Sands Proving
Grounds Facility
Alamogordo, N. Mex.

7-20-50

El Paso National Bank and
State National Bank
El Paso, Texas
Fort Bliss Banking Facility
Fort Bliss, Texas

National

8-28-50

First National Bank
Fort Hood Facility

Killeen, Texas
Killeen, Texas

National

Lubbock National Bank
Lubbock, Texas
Reese Air Force Base Facility
Lubbock, Texas

National

First National Bank
Sheppard Air Force Base
Facility

National

Wichita Falls, Texas
Wichita Falls, Texas

8-21-50
8-15-50

8-I5-5O

Branches acquired by absorption or purchase
Bankers Trust Company
45th Street Office
Bronx Office

New York, New York
6 East 45th Street
370 East 149th Street
Bronx, N. Y.

Member

Brooklyn Office

196 Montague Street
Brooklyn, N. Y.

Jamaica Office

92-09-92-11 Union Hall St.
Jamaica, N. Y.

Long Island City Office
Bridge Plaza North
(Formerly branches of
Long Island City, N. Y.
Title Guarantee and Trust
Company^ New York, which was
absorbed by Bankers Trust Co.)




7-50

- 7 Name and location of banks and branches

Class of bank

Date of
change

Branches discontinued
The business of the 27 branches established on June 26, 1950 by Bank of
America, N.T. & S.A., San Francisco, California, at the locations of the 22 banks
and 6 branches which were acquired by Bank of America at the close of business
June 24, 1950, was reacquired by the respective former banks and branches at the
close of business August 5, 1950. The 27 branches were listed on pages 3, 4, and
7 of the June 1950 statement (L.4.5) of Changes in Status of Banks and Branches.
New York Trust Company
1002 Madison Avenue,Office

New York, N. Y.
1002 Madison Avenue

Member

6-30-50

Changes in name or location of branches
Pasadena-First National Bank
Lake Avenue Agency
Renamed —
Lake Washington Office

Pasadena, California
1312 North Lake Ave.

National

Bank of America, N.T. & S.A.
Tarzana Branch
Moved from
Moved to

San Francisco, Calif.
Los Angeles, Calif.
18533 Ventura Blvd.
18337 Ventura Blvd.

National

Hartford-Connecticut Trust Co.
Hartford Branch
Moved from
Moved to

Hartford, Connecticut

Member

8-21-50

8-21-50

49 Pearl Street
Corner Pearl & Trumbull
Streets

National City Bank
New York, N. Y.
National
57th Street Branch
Moved from
S.W. Corner of 57th St.
Moved to
1730-1748 Broadway
and renamed
Broadway & 56th Street Branch
First National Bank & Trust Co. Asheville, N. C.
West Asheville Office
West Asheville, N. C.
Moved from
729 Haywood Road
"Moved to
700 Haywood Road




5- -50

National

8- 7-50

8-28-50

I

I

- 8

-

Name and location of banks and branches

Class of bank

Date of
change

Corrections
The statement covering the month of June 1950 reported the Bergstrom Air
Force Base Facility of the Austin National Bank, Austin, Texas as opening for
business June 30, 1950. Advice has now been received that this facility did not
open until August 3j 1950.
The statement covering the month of July 1950 reported the Bremerton
Branch of the Seattle-First National Bank, Seattle, Washington as moving from 127135 Washington Avenue to 280 Fourth Street, Bremerton, Washington on July 2k, 1950.
This move did not occur until August 14, 1950.