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ANNOUNCEMENT BY
BOARD 0? GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ended December 17, i960
CHANGES IN STATE BANK, MEMBERSHIP
K=3
No. 48
Date effective
Conversion
City Bank, Detroit, Michigan, a State
member, has converted into a national
bank under the title of City National
Bank of Detroit.

12-15-60

Change in Title
Bound Brook Trust Company, Bound Brook,
New Jersey, a State member, has
changed its title to County Bank and
Trust Company of Somerset.

12- 6-60

Establishment of State Member Branches
Peapack-Gladstone Bank, Gladstone, N. J.,
established a branch at Bedminster
Township, N. J., to be known as
Bedminster Branch.

11- 1-60

Chemical Bank New York Trust Company,
New York, N. Y., established a
branch at 110 Maiden Lane.

12-12-60

The State Bank and Trust Company,
Defiance, Ohio, established a branch
at 500 fhird Street, to be known as
Motor Branch.

12-15-60

Wells Fargo Bank American Trust Company,
San Francisco, California, established
a branch at Stockton, California, to
be known as Wilson Way-Market Office.

12-12-60




Date effective
NATIONAL BANKS GRANTED ONE OR MORE TRUST POWERS
UNDER SECTION ll(k), FEDERAL RESERVE ACT
City National Bank of Detroit, Detroit,
Michigan.
The First National Bank of Odessa,
Odessa, Texas.

12-15-60

12-16-60

Board Action on Applications to Merge or Consolidate
Pursuant to the Provisions of Section 18(c)
of the Federal Deposit Insurance Act
Wachovia Bank and Trust Company,
Winston-Salem, North Carolina, for
permission to merge with Commercial
National Bank of Kinston, Kinston,
North Carolina, under charter and
title of Wachovia Bank and Trust
Company and for permission to establish
branches located at the present offices
of Commercial National Bank of Kinston.
Approved.
Deposit Guaranty Bank & Trust Company,
Jackson, Mississippi, for permission
to merge with Rankin County Bank,
Brandon, Mississippi, under charter
and title of Deposit Guaranty Bank &
Trust Company and for permission to
establish branches located at the
present offices of Itenkin County Bank.
Disapproved.

12-16-60

12-14-60

The Peoples State Bank, New Boston, Michigan, 12-16-60
for permission to merge with Security
Bank, Lincoln Park, Michigan under
charter and title of Security Bank,
Lincoln Park, and for permission to establish a branch at the present location
of The Peoples State Bank. Approved,

No Developments in Other Categories
Covered by this Release





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102