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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For the veek ended September 5, 1959
K.3
No. 28

CHAISES IN STATE BANK MEMBERSHIP

District

Date effective
Voluntary Withdrawal

9

Security Bank, Madison, South Dakota.

9-2-59

2

The Long Branch Banking Company, Long Branch,
New Jersey, a State member, and The Freehold
Trust Company, Freehold, New Jersey, an insured
nonmember, merged under charter of The Freehold
Trust Company and new title The Central Jersey
Bank and Trust Company. A branch was established
. in the former location of The Long Branch Banking
Company.

9-1-59

2

The Citizens Bank of Arcade, Arcade, New York, a ,
State member, and State Bank of Rushford, Rushford,
New York, an insured nonmember, merged under
charter of The Citizens Bank of Arcade and new
title The Citizens Central Bank. A branch was
established in the former location of State Bank
of Rushford.

9-1-59

6

Peoples Bank of North Miami Beach, North Miami
Beach, Florida, a State member, has converted
into a national bank under the title of Peoples
National Bank of North Miami Beach.

9-1-59

7

The Romeo Savings Bank, Romeo, Michigan, a State
member, and Community National Bank of Pontiac,
Pontiac, Michigan, merged under the charter and
title of Community National Bank of Pontiac. A
branch was established in the former location
of The Romeo Savings Bank.

9-1-59

Mergers, Conversion and Establishment of Branches




27)

K.3
No. 28

Date effective
Establishment of State Member Branches
Federation Bank and Trust Company, New York,
New York, established a branch at 168-48
Hillside Avenue, Jamaica, New York.

8-31-59

Lincoln Rochester Trust Company, Rochester,
New York, established a branch at 65 Fitzhugh
Street North, to be known as Inner Loop Office.

8-17-59

Ypsilanti Savings Bank, Ypsilanti, Michigan,
established a branch at Ypsilanti Township,
Michigan.

8-31-59