Full text of K.3 Changes in State Member Banks : July 3, 1954
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2!o K.3 No. 2h ANNOUNCEMMT BY i V BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For the two weeks ending Ju&>3^ 19f& CHANGES IN STATE BANK MEMBERSHIP District Date e f f e c t i v e Conversion, Mergers, Absorption and Establishment of Branches 1 Phoenix S t a t e Bank and Trust Company, H a r t f o r d , 7-,l-5h Connecticut, and The Hartford-Connecticut Trust Company, H a r t f o r d , Connecticut, both S t a t e members, merged under the c h a r t e r of The H a r t f o r d Connecticut T r u s t Company and new t i t l e The Connecticut Bank and Trust Company. The former main o f f i c e and the f o u r branches formerly o p e r a t e d by Phoenix S t a t e Bank and Trust Company, t h r e e i n H a r t f o r d and one i n Newington, w i l l be o p e r a t e d as branches by The Connecticut Bank and Trust Company. 2 Glen Rock Bank, Glen Rock, New J e r s e y , was absorbed by Peoples T r u s t Company of Bergen County, Hackensack, New J e r s e y , both S t a t e members• A branch was e s t a b l i s h e d i n t h e former l o c a t i o n of Glen Rock Bank. 6-30-Sh 6 Farmers and Merchants Bank, Columbia, Tennessee, a State member, has converted into a national bank under the t i t l e of F i r s t Farmers and Merchants National Bank of Columbia# 7- l-5k 12 R i d g e f i e l d S t a t e Bank, R i d g e f i e l d , Washington, a S t a t e member, and S t a t e Bank of B a t t l e Ground, Washington, an i n s u r e d nonmember, merged under t h e c h a r t e r of R i d g e f i e l d S t a t e Bank and new t i t l e F i r s t Independent Bank. A branch was e s t a b l i s h e d i n the former l o c a t i o n of S t a t e Bank of B a t t l e Ground. 7 - 1 -5k 5 National Savings and Trust Company, Washington, D. C a State member, has established a branch at 1 Indiana Avenue, Northwest, to be known as Capitol Plaza O f f i c e . 6-28-5lt S e c u r i t y Trust & Savings Bank, San Diego, 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 in V i s t a , C a l i f o r n i a . 6-28-5k Establishment of Branches 12 NATIONAL BANK GRANTED ONE OR M3RE TRUST POWERS UNDER SECTION l l ( k ) , FEDERAL RESERVE ACT 3 The S e c u r i t y National Bank of Trenton, Trenton, New J e r s e y 6-22-51*