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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

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For the week ended January 7, 19&1
CHANGES IN STATE BANK MEMBERSHIP

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K.3

no. l
Date effective
Voluntary Withdrawal
The Newberry State Bank, Newberry, Michigan.

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Mergers, Consolidation, Conversion and
Establishment of Branches
Liberty Bank and Trust Company, Allentown,
Pennsylvania, a State member, and Union
Bank and Trust Company of Bethlehem,
Bethlehem, Pennsylvania, an insured nonmember, merged under charter and title of
Union Bank and Trust Company. A branch
was established in the former location of
Liberty Bank and Trust Co.

12-30-60

Provident Tradesmeno Bank and Trust Company,
Philadelphia, Pennsylvania, a State member,
and The Collegeville National Bank,
Collegeville, Pennsylvania, merged under
charter and title of Provident Tradesmens
Bank and Trust Company. A branch was established in the former location of The
Collegeville National Bank.

1- 3-61

The Lorain Banking Company, Lorain, Ohio, a
State member, and The National Bank of
Lorain, Lorain, Ohio, consolidated under
the charter of The National Bank of Lorain
and title of The Lorain National Bank. The
former main office and branches of The
Lorain Banking Company will be operated as
branches by the continuing bank.

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Wachovia Bfihk and Trust Company, Winston-Salem,
North Carolina, a State member, and Commercial
National Bank of Kinston, Kinston, North
Carolina, merged under charter and title of
Wachovia Bank and Trust Company. The former
main office and branches of Commercial
National Bank will be operated as branches
by the continuing bank.

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K.3
No. 1

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Mergers, Consolidation, Conversion and
Establishment of Branches (Cont'd)
District

Date effective
Danforth Banking Company, Washington,
Illinois, a State member, has converted
into a national bank under title of
Danforth First National Bank of
Washington.

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Security Bank, Lincoln Park, Michigan, and
The Peoples State Bank, New. Boston,
Michigan, both State members, merged
under charter and title of Security Bank.
A branch was established in the former
location of The Peoples State Bank.

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1- 3-61

Change in Title and Location

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Minatare State Bank, Minatare, Nebraska,
a State member, has changed its title and
location to Bank of Gering, Gering, Nebraska.

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12

The Sumitomo Bank (California), San Francisco,
California, a State member, has changed its
title to The Sumitomo Bank of California..

12-22-60

Establishment of State Member Branches
The Marine Trust Company of Western New York,
Buffalo, New York, established a branch at
Lockport, New York.

12-19-60

The Bank of Salem, Salem, Virginia, established
a branch in Roanoke County, Virginia, to be known as Crossroads Branch.

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Board Action on Applications to Merge or Consolidate
Pursuant to the Provisions of Section 18(c) of the
Federal Deposit Insurance Act

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The Oregon Bank, Portland, Oregon, for permission
to merge with Rogue Valley State Bank, Medford,
Oregon, under charter and title of The Oregon
Bank, and for permission to operate branches
at the present offices of Rogue Valley State
Bank. Approved.

No Developments in Other Categories
Covered by this Release




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