Full text of K.3 Changes in State Member Banks : March 12, 1955

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K.3
No. 8
ANNOUNCEMENT BY

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

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For the week ending March ^lg-; 1955

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CHANGES IN STATE BANK MEMBERSHIP
District

Date effective
Consolidation, Mergers, and Establishments of Branches

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12

Peoples State Bank, Baldwin, New York, a State member,
* Baldwin National Bank & Trust Company, Baldwin, New
York, and Meadow Brook National Bank of Freeporb,
New York, consolidated under the charter and title
of the latter bank. The former main offices of the
discontinued banks and the branch of Peoples State
Bank will be operated as branches of the continuing
bank.

3- 7-55

Wilmington Trust Company, Wilmington, Delaware, a
State member, merged under its charter and title
with the New Castle Trust Company, New Castle,
Delaware, an insured nonmember. A branch was
established at the location of the latter bank.

3-11-55

California Bank, Los Angeles, California, a State
member, merged under its charter and title with
California Trust Company, Los Angeles, California,
a State member, and First National Bank, Pomona,
California. The main office and branches of the
latter bank will be operated as branches by the
continuing bank.

3- 7-55

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Establishment of State Member Branches

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Progressive Bank & Trust Company, New Orleans, Louisiana,
has established a branch at lL6 Carondelet Street, to
be known as Carondelet Street Branch. This is the
former location of the main office which moved to
Common Street and University Place.

2-28-55

Union Bank of Michigan, Grand Rapids, Michigan, has
established a branch at Godwin Heights, Michigan.

3-11-55

CHANGES IN FOREIGN BRANCHES OF AMERICAN
BANKS AND BANKING CORPORATIONS
Bank of America, New York, New York, organized under
the provisions of Section 25(a) of the Federal
Reserve- Act, opened a branch in the City of Singapore,
Colony of Singapore.




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