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K.3 No. 7 ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For the week ending February 1954 CHANGES IN STATE BANK MEMBERSHIP Date effective Admitted to Membership Alden State Bank, Alden, New York 2-11-54 Conversion, Merger and Establishment of Branches Florida Bank at Orlando, Orlando, Florida, a State member, has converted into a national bank under the title of The Florida National Bank at Orlando. 2-10-54 Fidelity-Philadelphia Trust Company, Philadelphia, Pennsylvania, a State member, The First National Bank of Chester, Pennsylvania, Chester, Pennsylvania, and Clifton Heights National Bank, Clifton Heights, Pennsylvania merged under the charter and title of Fidelity-Philadelphia Trust Company. Branches were established in the former locations of The First National Bank of Chester and Clifton Heights National Bank. The two branches formerly operated by The First National of Chester, one in Chester and one in Marcus Hook and the one branch formerly operated by Clifton Heights National Bank in Clifton Heights, will be operated .as branches by Fidelity-Philadelphia Trust Company. 2-9-54 Establishment of Branches Tradesmens Land Title Bank and Trust Company, Philadelphia, Pennsylvania, a State member, has established a branch at Erie Avenue and I Street, to be known as Erie Branch. 2-8-54 The Fidelity Trust Company, Baltimore, Maryland, a State member, has established a branch at 4500 Erdman Avenue. 2-8-54