Full text of K.3 Changes in State Member Banks : July 2, 1955

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LIBRARY OF THE r'EDERAL
RESERVE BANK OF CLEVELAND
ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ending July 2, 1955
CHANGES IN STATE BANK MEMBERSHIP
District

Date effective
Admitted to Membership

7

Peoples Bank and Trust Company,
Cedar Rapids, Iowa

6-27-55

Absorptions, Merger, Consolidation and
2 j bablishment of Branches
1

Depositors "rust Company, Augusta, Maine, a State
member, absorbed Lewiston Trust Com;sny,
Lewiston, Maine, an insured nonmembur. The
former head office and branches of Lewiston
Trust Company will be operated as branches by
the continuing bank.

6-27-55

2

The County Trust Company, White Plains, New York,
a State member, merged under its charter and
title with Central National Bank, YonkerSj New
York. The former head office and branches of
Central National Bank will be operated as
branches by the continuing bank.

7- 1-55

7

Union Bank of Michigan, Grand Rapids, Michigan,
a State member, consolidated under its charter
and title with Cedar Springs State Bank, Cedar
Springs, Michigan, an insured nonmember. A
branch was established in the former location
of Cedar Springs State Bank.

7- 1-55

12

Peoples Bank, Long Beach, California, a State
memberj was absorbed by Bank of America N. T.
& S. A., San Francisco, California. The
former main office and branches of the absorbed
bank will be operated as branches of the
continuing bank.

6-27-55

12

American Trust Company, San Francisco, California,a State member, absorbed Commercial Bank,
Patterson, California, an insured nonmember.
A branch was established in the former location
of the absorbed bank*

6-27-55




Date effective
Establishment of State Member Branches
Marine Trust Company of Western New York, Buffalo,
New York, has established a branch at Niagara
Falls, New York, to be known as Pine-La Salle
Office.

6-27-55

Ramapo Trust Company, Spring Valley, New York,
has established a branch at Monsey, New York.

6-27-55

The Port City Bank, North Charleston, South
Carolina, has established a branch at
Rivers Avenue and Bell Street.

7- 1-55

First State Bank, Salina, Utah, has established
a branch at Panguitch, Utah.

7- 1-55

NATIONAL BANKS GRANTED ONE OR MORE TRUST POWERS
UNDER SECTION ll(k), FEDERAL RESERVE ACT
The State National Bank of Maysville,
Maysville, Kentucky

6-29-55

The First National Bank of Navasota,
Navasota, Texas

6-29-55