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ANNOUNCEMENT BY

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ended March h, 1961
K.3
CHANGES IN STATE BANK MEMBERSHIP
District

Date effectiveVoluntary Withdrawal

7

The Cass County State Bank, Cassopolis, Michigan.

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Mergers, Consolidation and Establishment of Branches
2

Cicero State Bank, Cicero, New York, a State member,
and The Merchants National Bank & Trust Company
of Syracuse, Syracuse, New York, merged under
charter and title of The Merchants National Bank
& Trust Company of Syracuse/ The former main
office and "branch of Cicero State Bank will be
operated as branches by the continuing bank.

3- l-6l

4

Security Trust Company, Lexington, Kentucky, a
State member, and First National Bank and Trust
Company of Lexington, Lexington, Kentucky,
consolidated under charter of the latter and
title of First Security National Bank and Trust
Company of Lexington. The former main office
and branch of Security Trust Company will be
operated as branches by the continuing bank.

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12

California Bank, Los Angeles, California, a State
2-27-61
member, and First Western Bank and Trust Company,
San I^ancisco, California, an insured nonmember,
merged under charter of California Bank and title
of United California Bank, Los Angeles, California.
The continuing bank will operate 70 branches previously operated by California Eraik and 50 banking
offices previously operated by First Western Bank
and Trust Company, San Francisco, (incident to this
merger was a related transfer of the remaining 65
branches and some of the resources and deposit
liabilities of the merged bank to the new insured
nonmember First Western Bank and Trust Company
which will have its main office in Los Angeles,
and branches in Los Angeles, San Francisco and
a number of other cities and towns in California.)

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Establishment of State Member Branches
12

United California Bank, Los Angeles, California,
established a branch in Corona, to be known as


Corona Office, and a branch in South San
http://fraser.stlouisfed.org/ Francisco, to be known as South San Francisco
Federal Reserve Bank of St. Louis

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Office.

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K.3
Wo. 8

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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

District

Date of Action

2

Liberty Bank of Buffalo, Buffalo, New York, for
permission to merge with The National Bank
of Fredonia, Fredonia, New York, and Erie
County Trust Company, East Aurora, New York,
under charter of Liberty Bank of Buffalo,
and title of Liberty Bank and Trust Company,
and for permission to operate branches at
the present offices of The National Bank of
Fredonia and Erie County Trust Company. Approved.

2-27-61

7

Genesee Merchants Bank &• Trust Co., Flint,
Michigan, for permission to consolidate with
Vernon State Bank, Vernon, Michigan, under
charter and title of Genesee Merchants Bank &
Trust Co., and for permission to operate
branches at the present offices of Vernon
State Bank. Approved.

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12

Wells Fargo Bank American Trust Company, San
Francisco, California, for permission to
merge with Pajaro Valley Bank, Watsonville,
California, under charter and title of Wells
Fargo Bank American Trust Company and for
permission to operate branches at the present
locations of Pajaro Valley Bank. Approved.




No Other Developments in Categories
Covered by This Releaser

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