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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.