Full text of K.3 Changes in State Member Banks : January 18, 1958

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V
K,3
No. 3

ANNOUNCEMENT BI

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ending January 18, 1958
CHANGES IN STATE BANK MEMBERSHIP
District
U

11

Voluntary ^ithdravrals

Date effective

The Peoples Savings Bank Company,
Martins Ferry, Ohio.

1-16-58

McAllen State Bank, McAllen, Texas,

1-16-58

Absorption, Consolidation and Establishment of Branches
5

County Trust Company of Maryland, Cambridge,
Maryland, a State member, absorbed
Tilghman Bank, Tilghman, Maryland, an
insured nonmember. A branch was established
in the former location of the absorbed bank.

1-2-58

7

Citizens Commercial & Savings Bank* Flint,
Michigan, a State member, First State and
Savings Bank, Holly, Michigan, and State
Bank of New Lothrop, New Lothrop, Michigan,
both insured nonmembers, consolidated under
charter and title of Citizens Commercial &
Savings Bank. The former main offices of the
discontinued banks and the branch formerly
operated by First State and Savings Bank,
Holly, will be operated as branches by the
continuing bank.

1-2-58

Establishment of a State Member Branch
3

The First Pennsylvania Banking and Trust Company,
Philadelphia, Pennsylvania, established a
branch in Madison House, Presidential
Apartments, Southeast corner City Line Avenue
and Presidential Boulevard.

1-13-58

CHANGES IN FOREIGN BANKING CORPORATIONS
2

The First Bank of Boston (international),
2 Wall Street, New York 5, New York, opened
for business as a corporation organized and
operating under the provisions of Section 25(a)
of the Federal Reserve Act. (This corporation
was organized to convert First of Boston
International Corporation, a foreign banking
corporation organized under the laws of the
Commonwealth of Massachusetts and operating
under agreement with the Board of Governors
pursuant to the provisions of Section 25 of
the Federal Reserve Act, into such newly
organized corporation,)




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12-20-57
(Close of
business)