Full text of K.3 Changes in State Member Banks : October 8, 1960

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33)
ANNOUNCE! EN T BY

"t i»U

BO/-RE OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
-7-

K.3
Nc0 38

For the week ended October 8, i960
CHANGES IN STATE BANK MEMBERSHIP

District

Date e f f e c t i v e
Voluntary Withdrawal
The Commercial S t a t e Bank, Pocahontas, Iowa,

10-6-60

Mergers and Establishment of Branches
Bankers Trust Company, New York, New York,
and The South Shore Bank of Staten I s l a n d ,
Great K i l l s , New York, New York, both S t a t e
members, merged under c h a r t e r and t i t l e of
Bankers Trust Company. 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 The South Shore
Bank of S t a t e n I s l a n d .

10-3-60

Marine Midland Trust Company of C e n t r a l New
York, Syracuse, New York, and Auburn Trust
Company, Auburn, New York, both S t a t e members,,
merged under c h a r t e r and t i t l e of Marine
Midland T r u s t Company of Central New York.
The former main o f f i c e and branch of Auburn
T r u s t Company w i l l be operated as branches
by the continuing bank.

10-3-60

Peoples Union Bank and Trust Company, McKeesport,
Pennsylvania, a S t a t e member, and The F i r s t
National Bank of Duquesne, Duquesne,
Pennsylvania, merged under c h a r t e r and t i t l e
of Peoples Union Bank and Trust Company.
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 The F i r s t National Bank of
Duquesne.

10-3-60

The Lib e rty Trust Company, Cumberland, Mazy l a n d ,
a S t a t e member, and The F i r s t S t a t e Bank,
G r a n t s v i l l e , Maryland, an insured normember,
merged under c h a r t e r and t i t l e of The LibertyTrust Company. A branch was e s t a b l i s h e d in
the former l o c a t i o n of The F i r s t S t a t e Bank.

10-3-60

Security-Mutual Bank and Trust Company, S t .
Louis, Missouri, and The Plaza Bank of
S t . Louis, S t . Louis, Missouri,, both S t a t e
members, merged under c h a r t e r and t i t l e of
Security-Mutual Bank and Trust Company.
A branch was e s t a b l i s h e d in the former
l o c a t i o n of The Plaza Bank of St. Louis.

10-3-60




3'i.o

K.
No

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2 -

Pi:

Date e f f e c t i v e
Establishment of S t a t e Member Branches

2

Long Island Trust Company, Garden C i t y , New York,
e s t a b l i s h e d a branch a t F r e e p o r t , New York.

10-3-60

2

Federation Bank and Trust Company, New York,
New York, e s t a b l i s h e d a branch a t 85-19
Queens Boulevard.

10-3-60

2

F i r s t Trust and Deposit Company, Syracuse 5
New York, e s t a b l i s h e d a branch a t De W i t t ,
New York.

9-28-60

3

Montgomery County Bank and Trust Company,
Morristown, Pennsylvania, e s t a b l i s h e d a
branch a t Upper Merlon Township, Pennsylvania.

10-3-60

5

Union Trust Company of Maryland, Baltimore,
Maryland, e s t a b l i s h e d a branch in Baltimore
County, Maryland, t o be known as Reisterstown
Center O f f i c e .

10-5-60

7

Roachdale Bank and Trust Company, Roachdale,
Indiana- e s t a b l i s h e d a branch a t Bainbridge,
Indiana, to be known as Bainbridge Branch.

10-3-60

7

Union Bank and Trust Company, Grand Rapids,
Michigan, e s t a b l i s h e d a branch at 3$39
P l a i n f i e l d N.E., to be known as P l a i n f i e l d
Heights O f f i c e ,

9-12-60

Union Bank, I o s Angeles, C a l i f o r n i a , e s t a b l i s h e d
a branch a t Oranee, C a l i f o r n i a , to be known a s
Regional O f f i c e .

10-3-60

12

NATIONAL BANK GRANTED ONE OR M3E5 TRUST POWERS
UNDER SECTION 11 ( k ) , FEDERAL RESERVE :CT
5

The F i r s t National Bank of B e r r y v i l l e , B e n y v i l l e ,
Virginia.

No Developments i n Other f




Covered by t h i s Releg

^ories

10-6-60