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No. 38
ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the week ending October 23, 1951*
CHANGES IN STATE BANK MEMBERSHIP
District

Date e f f e c t i v e
Merger and Establishment o f Branch

2

Chemical Bank & Trust Company, New York, New
York, and Corn Exchange Bank Trust Company,
New York, New York, both S t a t e members,
merged under c h a r t e r of Chemical Bank &
Trust Company and new t i t l e Chemical Corn
Exchange Bank. The former main o f f i c e and
the 78 branches formerly operated by Com
Exchange Bank Trust Company w i l l be operated as branches by Chemical Com Exchange
Bank.

10-18-51*

2

Bank of Allwood, C l i f t o n , New Jersey, a
S t a t e member, has e s t a b l i s h e d a branch a t
the R i c h f i e l d Shopping Center, C l i f t o n .

10-22-51*

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Cleveland Trust Company, Cleveland, Ohio, a
S t a t e member, jaetf" e s t a b l i s h e d a branch a t
Maple Heights, Ohio.

10-18-51*

7

Merchants Trust Company, Muncie, Indiana, a S t a t e member, has e s t a b l i s h e d a branch
a t 2700 West Jackson S t r e e t .

10-18-51*

Portland Trust Bank, Portland, Oregon, a
S t a t e member, has e s t a b l i s h e d a branch
a t 620 Southeast 122nd Avenue, to be
known as Midland Branch.

10- 2-51*

Establishment o f Branches

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