Full text of K.3 Changes in State Member Banks : December 7, 1957

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• "D'%
K.3
No. 37

ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the two weeks ending December 7 . IQ57
CHANGES IN STATE BANK MEMBERSHIP

District

Date e f f e c t i v e
Mergers. Absorption and Establishment of Branches

2

Manufacturers and Traders Trust Company, B u f f a l o ,
New York, a S t a t e member, and The F i r s t
National Bank, S i l v e r Creek, New York, merged
under c h a r t e r and t i t l e of Manufacturers and
Traders Trust Company. A branch was e s t a b l i s h e d
i n t h e former l o c a t i o n of The F i r s t National
Bank.

12-2-57

5

American Trust Company, C h a r l o t t e , North Carolina,
a S t a t e member, and The Commercial National
Bank, C h a r l o t t e , North C a r o l i n a , merged under
c h a r t e r of American Trust Company and new
t i t l e American-Commercial Bank. The t h r e e
branches formerly operated by t h e discontinued
bank w i l l be operated as branches by t h e
continuing bank.

12-2-57

7

C i t i z e n s S t a t e Bank, Sheboygan, Wisconsin and
Bank of Sheboygan, Sheboygan, Wisconsin, both
S t a t e members, merged under c h a r t e r of C i t i z e n s
S t a t e Bank and new t i t l e C i t i z e n s Bank of
Shbboygan.

12-2-57

12-

Bank of Los Angeles, at Westwocd, Los Angeles,
(Westwood V i l l a g e ) , C a l i f o r n i a , a S t a t e member,
was absorbed by F i r s t Western Bank and Trust
Company, San F r a n c i s c o , C a l i f o r n i a , an insured
nonmenber. A branch was e s t a b l i s h e d i n t h e
former l o c a t i o n of Bank of Los Angeles, a t Westwood .

12-2-57

Establishment of S t a t e Member Branches
F i r s t Bank and Trust Company, Madison, New J e r s e y ,
e s t a b l i s h e d a branch at 228 Main S t r e e t , t o be
known as Main S t r e e t Branch.




11-13-57

K.3
No.37

- 2 -

District

Date e f f e c t i v e
Establishment of S t a t e Member Branches - ContM

3

Girard Trust Corn Exchange Bank, P h i l a d e l p h i a ,
Pennsylvania, e s t a b l i s h e d a branch a t 2944-50
North 22nd S t r e e t .

12-4-57

5

County Trust Company of Maryland, Cambridge,
Maryland, e s t a b l i s h e d a branch a t Annapolis,
Maryland, t o be known as Drive-in-Branch.

11-25-57

6

Progressive Bank and Trust Company, New Orleans,
Louisiana, e s t a b l i s h e d a branch on G e n t i l l y
Road a t Burma Road, t o be known as G e n t i l l y
Office.

11-25-57

11

Southern Arizona Bank and Trust Company, Tucson,
12-5-57
Arizona, e s t a b l i s h e d a branch at North F i r s t Avenue
and Fort Lowell Road, t o be known as F i r s t
Avenue and Fort Lowell Road Branch.

12

Bank of Utah, Ogden, Utah, e s t a b l i s h e d a branch
a t South Cgden, Utah, t o be known a s South
Ogden Branch.




11-18-57