Full text of K.3 Changes in State Member Banks : July 15, 1950

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II6RARY OF THt FEDERAL

RESERVE BANK OF CLEVELAND
K.5 .
No. I ?

ANN OLTN C El1 TEN T BY
BOARD OF GOVERNORS OF THE FEDERAL R ]ci.'!RT/2 SYSTEM
F o r t h e f i v e weeks e n d i n g J u l y 15, 1950
CHANGES IN ST/'TE BANK MEMBERSHIP

Date
effective

Admitted to membership
7

7-3-50

S t a t e Bank of W h i t i n g , ^ J h i t i n g , I n d i a n a

11

F i r s t S t a t e Bank of B e l l a i r e , E e l l a i r e , Texas

12

Bank of I l l i n o i s V a l l e y , Cave J u n c t i o n , Oregon

11

B a s t r o p Bank & T r u s t C o . , B a s t r o p , L o u i s i a n a ,
a S t a t e member, c o n v e r t e d i n t o a n a t i o n a l bank
u n d e r t h e t i t l e of B a s t r o p N a t i o n a l Bank. .

'

7-3-50
7-1U-50

Conversion
7-1-50

A b s o r p t i o n s and E s t a b l i s h m e n t of Branches

X

2

Bank of H o n t c l a i r , H o n t c l a i r , Ne:v J e r s e y , a S t a t e
member, has been a b s o r b e d by The N a t i o n a l Newark
and Essex Banking Company of Newark, Newark,
Kew J e r s e y , i n c o n n e c t i o n w i t h t h e a b s o r p t i o n a
b r a n c h was e s t a b l i s h e d a t M o n t c l a i r .

7-3-50

2

The C i t i z e n s Bank of " / h i t e P l a i n s , N. Y . , r r h i t e
P l a i n s , New Y o r k , h a s - b e e n a b s o r b e d by The
County T r u s t Company, White P l a i n s , New York,
b o t h S t a t e members. I n c o n n e c t i o n w i t h the
a b s o r p t i o n a b r a n c h was e s t a b l i s h e d i n the
f o r m e r l o c a t i o n of The C i t i z e n s Bank of
"•"hite P l a i n s , N. Y.

7-12-50

U

The P e o p l e s Bank and S a v i n g s Company, C i n c i n n a t i ,
O h i o , a S t a t e member,
a b s o r b e d by The
A t l a s N a t i o n a l Bank of C i n c i n n a t i , C i n c i n n a t i , O h i o .
I n c o n n e c t i o n w i t h t h e a b s o r p t i o n t h e f o r m e r main
o f f i c e of The p e o p l e s Bank and S a v i n g s Company, a s
we11 as t h e b r a n c h f o r m e r l y o p e r a t e d by The Peoples
Bank and Savings Company, w i l l be o p e r a t e d as
b r a n c h e s by The A t l a s N a t i o n a l Bank.

6-26-50




5Zt*

K. 3
No. I ?

( 2 )
A b s o r p t i o n s and E s t a b l i s h m e n t of Branches ( C o n t i n u e d )

Date
effective

Bank of Beaumont, Beaumont, C a l i f o r n i a , Rank of Newman,
6-2^-50
I'ewnan, C a l i f o r n i a , and F i r s t T r u s t and S a v i n g s Bank
(Close of
of P a s a d e n a , P a s a d e n a , C a l i f o r n i a , a l l S t a t e members:
business)
B u s i n e s s a c q u i r e d by Bank of America, K. T. ft S . A . , '
San F r a n c i s c o , C a l i f o r n i a . On June 2 6 , 1950, t h e l e t t e r
bank e s t a b l i s h e d b r a n c h e s , a t t h e l o c a t i o n s of t h e banks
v.'hose b u s i n e s s was a c q u i r e d , r s w e l l a s a t t h e l o c a t i o n s
cf t h e two b r a n c h e s of t h e Bank of Hewman and t h e two
b r a n c h e s of t h e F i r s t T r u s t and Savings Bank of P a s a d e n a .
( S t a t u s of t h e s e t r a n s a c t i o n s i s i n l i t i g a t i o n . ) '
E s t a b l i s h m e n t of Branches
I n d u s t r i a l T r u s t Company, P r o v i d e n c e , Rhode I s l a n d ,
a S t a t e member, has e s t a b l i s h e d a b r a n c h a t
C e n t r a l F a l l s , Rhode I s l a n d , t o be known a s Broad
S t r e e t Branch.

12

6-19-50

The F i d e l i t y T r u s t Company, B a l t i m o r e , Maryland,
a S t a t e member, has e s t a b l i s h e d a branch i n t h e
Administration Building a t F r i e n d s h i p I n t e r n a t i o n a l
A i r p o r t , Anne Arundel County, Maryland, t o be known
a s F r i e n d s h i p I n t e r n a t i o n a l A i r p o r t Branch O f f i c e .

6-2i;-50

S e c u r i t y T r u s t & Savings Bank of San D i e g o , San D i e g o ,
C a l i f o r n i a , a S t a t e member, has e s t a b l i s h e d a branch
at Carlsbad, California. .

6-3O-5O

NATIONAL PA"K GRAFTED ME OR FORE TRTTST PO'^ERS
UI'Tr)FR SECT!r)7T 11 ( k ) , FEDERAL R^SER^E ACT
11

The F i r s t N a t i o n a l Bank i n C h i l d r e s s , C h i l d r e s s , Texas




»

7-13-50

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