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ANNOUNCEMENT BY

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
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For the week ended January 21, 1961
CHANGES IN STATE BANK MEMBERSHIP
K.3

K6. 3
Date effective
Merger and Establishment of Branches
The Oregon Bank, Portland, Oregon, and Rogue
Valley State Bank, Medford, Oregon, both State
members, merged under charter and title of The
Oregon Bank. The former main office and branch
of Rogue Valley State Bank will be operated
as branches by the continuing bank.

1-18-61

Establishment of State Member Branches
County Bank and Trust Company of Somerset, Bound
Brook, New Jersey, established a branch at
432 West Union Avenue, to be known as Union
Avenue Office.

l-l6-6l

Long Island Trust Company, Garden City, New York,
established a branch in Hempstead, New York.

1- 9-61

NATIONAL BANK GRANTED ONE OR MORE TRUST POWERS
UNDER SECTION ll(k), FEDERAL RESERVE ACT
First National Bank of Owensvilie, Owensvilie,
Indiana.

1-16-61

Board Action on Applications to Merge or Consolidate
Pursuant to the Provisions of Section 18(c) of the
Federal Deposit Insurance Act
Date of Action
California Bank, Los Angeles, California, for permission to merge with First Western Bank and Trust
Company, San Francisco, California, under charter
of California Bank and title of United California
Bank, Los Angeles, California, and for permission
to operate banking offices at 53 locations at
which First Western Bank and Trust Company now
operates banking offices. Approved.

No Developments in Other Categories
Covered by this Release




1-19-61

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