Mergers of National Banks, Or National and State Banks, by States

1970

TABLEB-17 Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

Total: 60 merger actions

CALIFORNIA Apr. 10 Los Padres National Bank, Santa Maria (15271) $500,000 $375,000 $356,628 $12,438,566 Wells Fargo Bank, National Association, San Fran- cisco (15660) 91,757,810 185,242,820 56,400,610 5,436,787,409 Wells Fargo Bank, National Association, San Fran- cisco (15660) 92,257,810 185,542,420 56,757,238 5,449,225,975

June 11 Gateway National Bank, El Segundo (15239) 1,595,226 1,126,314 265,311 31,745,184 Southern California First National Bank, San Diego (3050) 7,062,495 13,285,305 12,044,200 601,086,646 Southern California First National Bank, San Diego (3050) 7,062,495 13,285,305 15,031,052 632,831,830

July 31 Bank of Sacramento, Sacramento 2,262,750 2,447,250 127,667 42,497,359 Security Pacific National Bank, Los Angeles (2491). . . 168,000,000 182,000,000 122,362,960 6,722,389,757 Security Pacific National Bank, Los Angeles (2491). . . 170,262,750 189,737,250 116,522,457 6,758,034,271

Nov. 6 The First National Bank of Holtville, Holtville (9770). 400,000 400,000 179,980 13,927,142 Wells Fargo Bank, National Association, San Fran- cisco (15660) 92,419,970 185,455,260 65,490,961 5,514,746,846 Wells Fargo Bank, National Association, San Fran- cisco (15660) 92,859,970 185,815,260 65,670,942 5,527,924,917

CONNECTICUT Apr. 17 The Atlantic National Bank, Stamford (15584) 350,000 650,000 176,318 19,569,744 The Connecticut National Bank, Bridgeport (335). . . 6,451,225 12,000,000 4,159,177 360,808,344 The Connecticut National Bank, Bridgeport (335). . . 7,151,225 12,900,000 4,164,714 380,378,088

Oct. 30 General Bank and Trust Company, New Haven 400,000 400,000 150,000 8,076,269 Hartford National Bank and Trust Company, Hart- ford (1338) 17,693,525 44,306,475 15,593,199 1,041,105,191 Hartford National Bank and Trust Company, Haft- ford (1338) 17,993,525 44,806,475 17,743,299 1,048,981,460

May 18 Lava Hot Springs State Bank, Lava Hot Springs. . . . 25,000 80,000 11,252 739,857 The Cassia National Bank of Burley, Burley (12256). 250,000 350,000 290,343 13,081,949 The Cassia National Bank of Burley, Burley (12256). 360,000 350,000 290,343 13,821,806

July 1 Fidelity National Bank of Twin Falls, Twin Falls (11100) 1,000,000 1,000,000 848,701 27,413,294 The Idaho First National Bank, Boise (1668) 8,002,315 17,000,000 6,958,357 500,740,908 The Idaho First National Bank, Boise (1668). 8,714,815 18,000,000 8,094,559 524,045,759 See footnote at end of table.

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TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

INDIANA Dec. 1 The First National Bank of Center Point, Center Point (9250) $25,000 $125,000 $229,948 $3,055,397 The Riddell National Bank of Brazil, Brazil (5267) 400,000 400,000 1,218,484 22,782,237 The Riddell National Bank of Brazil, Brazil (5267). . . 475,000 525,000 1,389,554 25,428,913

KANSAS July 31 Exchange State Bank of Kansas City, Kansas City.... 500,000 500,000 343,067 15,619,327 The Commercial National Bank of Kansas City, Kansas City (6311) 3,000,000 3,000,000 3,896,406 108,190,718 The Commercial National Bank of Kansas City, Kansas City (6311) . 3,475,000 4,000,000 3,764,473 117,021,889

MAINE June 2 The First National Bank of Houlton, Houlton (2749). . 400,000 600,000 788,414 20,433,149 The First National Bank of Fort Fairfield, Fort Fair- field (13843) 157,500 210,000 230,155 8,986,563 The First National Bank of Aroostook, Fort Fairfield (13843) 610,000 1,493,078 269,922 29,541,440

Aug. 14 The First National Bank of Pittsfield, Pittsfield (13777). 250,000 250,000 576,648 12,129,152 Maine National Bank, Portland (4128) 5,020,330 6,479,670 3,894,441 190,482,404 Maine National Bank, Portland (4128) 5,420,330 6,729,960 4,471,090 202,611,556

MARYLAND May 1 The First National Bank of Harford County, Bel Air (13680) 700,000 1,100,000 790,561 38,156,284 The First National Bank of Maryland, Baltimore (1413) . 12,123,760 25,376,240 14,385,656 727,720,018 The First National Bank of Maryland, Baltimore (1413) 12,526,260 27,473,740 12,699,081 761,510,201

July 6 Montgomery Banking Trust Company, Rockville 1,000,000 500,000 93,102 11,181,628 University National Bank, Rockville (15365) 1,434,000 1,999,630 212,551 39,207,224 University National Bank, Rockville (15365) 2,394,000 2,632,732 212,551 48,536,914

MASSACHUSETTS June 30 Bristol County Trust Company, Taunton 750,000 1,371,800 691,069 38,417,295 The First National Bank of Attleboro, Attleboro (2232). 1,000,000 1,000,000 1,233,829 32,267,252 First Bristol County National Bank, Taunton (2232). . 2,400,000 2,400,000 1,411,457 70,584,400

MICHIGAN Mar. 18 The Armada State Bank, Armada 150,000 150,000 254,485 5,983,449 First National Bank in Mt. Clemens, Mt. Clemens (12971) 1,320,000 1,320,000 1,299,784 75,588,838 First National Bank in Mt. Clemens, Mt. Clemens (12971) 1,488,750 1,961,250 1,299,784 81,827,802 See footnote at end of table.

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TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW HAMPSHIRE Aug. 14 The Wilton National Bank, Wilton (13247) $100,000 $370,000 $344,684 $10,266,204 The Indian Head National Bank of Nashua, Nashua (1310) 997,775 4,502,225 540,136 61,808,730 The Indian Head National Bank of Nashua, Nashua (1310) 1,104,900 5,000,000 612,516 72,071,608

Dec. 31 Lisbon National Bank, Lisbon (15737). . . 75,000 75,000 77,275 3,156,868 Littleton National Bank, Littleton (1885). 150,000 200,000 225,792 8,807,562 The Littleton National Bank, Littleton (1885). 225,000 275,000 260,420 12,037,090

NEW JERSEY Jan. 2 The Bank of Sussex County, Franklin 777,600 1,410,400 110,375 55,387,215 National Community Bank of Rutherford, Rutherford (5005) 8,093,750, 12,000,000 4,830,125 374,309,033 National Community Bank of Rutherford, Rutherford (5005) 10,361,750 15,000,000 2,337,297 430,173,045

Jan. 9 Peoples National Bank of Sussex County, Sparta (15375) 245,400 222,700 124,960 8,599,317 New Jersey Bank (National Association), Clifton (15709) 7,923,366 12,138,938 9,760,327 506,883,752 New Jersey Bank (National Association), Clifton (15709) 8,125,821 12,404,583 9,885,288 515,199,963

Feb. 27 Jersey State Bank, River Edge 444,672 555,325 349,992 20,516,992 New Jersey Bank (National Association), Clifton (15709) 8,164,728 12,574,359 10,621,472 506,259,053 New Jersey Bank (National Association), Clifton (15709) 8,714,728 13,024,359 10,971,465 526,776,046

Apr. 30 Union National Bank and Trust Company, Mount Holly (2343) 1,224,000 988,000 921,244 34,499,979 South Jersey National Bank, Camden (1209) 5,076,563 11,923,437 7,339,194 305,339,193 South Jersey National Bank, Camden (1209) 5,765,063 13,446,938 8,260,438 339,637,141

May 11 New Jersey National Bank and Trust Company, Neptune (15297) 3,687,592 3,562,408 3,239,609 134,280,383 First Trenton National Bank, Trenton (1327) 5,925,160 8,376,720 11,273,656 508,284,242 New Jersey National Bank, Trenton (1327). 8,998,155 12,553,725 14,513,266 642,564,625

May 22 The Vineland National Bank and Trust Company, Vineland (2918) 600,000 1,400,000 1,210,202 29,709,165 Peoples National Bank of New Jersey, Westmont (12022) 2,186,379 3,736,103 1,975,335 131,715,508 Peoples National Bank of New Jersey, Westmont (12022) 3,502,629 3,736,103 1,691,704 166,461,909 See footnote at end of table.

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TABLE B-l 7—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW JERSEY—continued June 30 First National Bank of Williamstown, Williamstown (7265) $150,000 $550,000 $113,279 $15,976,524 First National Bank of South Jersey, Egg Harbor Township (1326) 6,770,000 6,770,000 3,818,921 256,385,345 First National Bank of South Jersey, Egg Harbor Township (1326) 7,340,000 7,340,000 3,482,201 272,361,869

July 17 Pitman National Bank and Trust Company, Pitman (8500) 125,000 1,000,000 469,547 15,748,018 The First National Bank and Trust Company of Paulsboro, Paulsboro (5981) 330,000 330,000 1,571,907 24,218,387 First County National Bank and Trust Company, Woodbury (1199) 491,420 1,508,580 874,279 40,681,659 National Bank and Trust Company of Gloucester County, Woodbury (1199) 1,137,420 2,838,580 2,822,277 80,777,365

Oct. 30 The First National Bank of Pedricktown, Pedricktown (8007) 200,000 250,000 98,875 6,273,493 First National Bank of South Jersey, Egg Harbor Township (1326) 7,340,000 7,340,000 3,979,357 285,013,575 The First National Bank of South Jersey, Egg Harbor Township (1326) 7,640,000 7,640,000 3,928,232 291,287,068

Dec. 4 Orange Valley Bank, Orange 125,000 175,000 299,375 7,051,864 First National State Bank of New Jersey, Newark (1452) 12,423,750 40,040,000 10,357,619 861,185,593 First National State Bank of New Jersey, Newark (H52) 12,423,750 40,340,000 10,656,994 866,967,712

NEW YORK Feb. 27 Rockland National Bank, Suffern (5846) 2,901,855 3,000,000 2,399,825 149,118,970 County National Bank, Middletown (13956). 3,355,005 4,600,000 2,060,628 171,844,047 Empire National Bank, Middletown (5846). , 6,256,860 7,600,000 4,460,452 320,963,017

July 31 The National Exchange Bank of Boonville, Boonville (8022) 100,000 200,000 288,469 6,069,082 Lincoln National Bank and Trust Company of Central New York, Syracuse (15627) 5,000,000 6,500,000 4,984,707 243,069,535 Lincoln National Bank and Trust Company of Central New York, Syracuse (15627) 5,100,000 6,700,000 5,273,177 249,138,617

NORTH CAROLINA Jan. 23 Citizens Bank and Trust Company of Andrews, Andrews 600,000 1,000,000 692,386 33,025,897 Wachovia Bank and Trust Company, National Asso- ciation, Winston-Salem (15673) 24,720,035 62,318,000 30,086,560 1,596,594,516 Wachovia Bank and Trust Company, National Asso- ciation, Winston-Salem (15673) 25,320,035 63,318,000 30,778,946 1,629,620,413 See footnote at end of table.

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TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NORTH CAROLINA—continued Feb. 20 Marion Bank and Trust Company, Marion $100,000 $300,000 $121,544 $4,638,685 North Carolina National Bank, Charlotte (13761). 15,274,340 44,875,660 17,155,939 1,223,694,661 North Carolina National Bank, Charlotte (13761). 15,524,340 44,875,660 17,277,482 1,228,333,346

Apr. 30 The First National Bank of Mooresville, Mooresville (9531) 250,000 600,000 263,868 11,138,427 The First National Bank of Lincolnton, Lincolnton (6744) 300,000 400,000 907,440 21,496,891 Carolina First National Bank, Lincolnton (6744). 700,000 1,300,000 721,308 32,635,318

July 27 The State Bank of Wingate, Wingate 50,000 250,000 66,106 3,046,720 First National Bank of Eastern North Carolina, Jacksonville (14676) 3,065,375 5,075,625 848,528 105,073,518 First National Bank of Eastern North Carolina, Jacksonville (14676) 3,180,375 5,271,625 903,634 108,120,239

Aug. 1 Bank of Charlotte, Charlotte 200,000 1,600,000 286,440 23,910,939 Southern National Bank of North Carolina, Lumber- ton (10610) 3,814,105 4,547,205 2,754,013 167,058,069 Southern National Bank of North Carolina, Lumber- ton (10610) 3,814,105 4,546,205 930,761 202,508,937

Aug. 28 The State Commercial Bank, Thomasville 372,180 745,715 413,842 17,827,185 North Carolina National Bank, Charolotte (13761). . . 15,524,340 44,875,660 21,249,003 1,284,569,745 North Carolina National Bank, Charlotte (13761) 16,082,610 45,435,285 21,736,547 1,302,645,825

Nov. 14 The Bank of French Broad, Marshall 100,000 451,745 228,244 8,906,330 First Union National Bank of North Carolina, Charlotte (15650) 17,868,825 25,500,000 11,907,261 1,042,875,218 First Union National Bank of North Carolina, Charlotte (15650) 18,068,825 26,000,000 11,987,250 1,051,781,548

Jan. 19 The West Unity Banking Company, West Unity. . . . 160,000 240,000 205,546 7,476,663 The Citizens National Bank of Bryan, Bryan (13740). 325,620 325,730 513,964 18,416,311 The Citizens National Bank of Bryan, Bryan (13740). 518,180 565,730 686,950 25,976,478

Feb. 28 Hardy Banking Company, North Baltimore. 50,000 250,000 193,815 4,281,052 First National Bank, Bowling Green (15416). 1,113,750 1,186,250 399,192 30,728,502 First National Bank, Bowling Green (15416). 1,323,750 1,426,250 457,839 34,864,742

July 17 The Citizens Savings Bank, Columbiana. 125,000 525,000 226,909 11,094,201 The Farmers National Bank of Salem, Salem (973). 750,000 1,000,000 736,133 37,561,201 The Farmers National Bank of Salem, Salem (973). 1,062,500 1,525,000 775,543 48,655,402 See footnote at end of table.

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TABLE B-17—Continued

Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

OHIO—continued

Nov. 6 The Pioneer Banking Company, Pioneer $75,000 $200,000 $123,426 $5,459,261 : The Citizens National Bank, Bryan (13740) 525,140 575,000 705,991 28,962,951

The Citizens National Bank, Bryan (13740) 637,640 775,000 752,970 34,383,265

PENNSYLVANIA

Mar. 13 Community Bank and Trust Company, Paoli 930,250 2 ,098,625 941,276 48,912,682 Central Penn National Bank, Bala-Cynwyd (723) 6,323,620 16 ,244,085 10,858,188 444,909,782

Central Penn National Bank, Bala-Cynwyd (723) 7,253,870 18 ,342,710 11,799,463 488,940,101

Mar. 31 The Citizens National Bank, Blossburg (13381) 50,000 200,000 222,624 5,419,069 First National Bank in Mansfield, Mansfield (13618). . 125,000 250,000 589,119 11,901,611

First Citizens National Bank, Mansfield (13618) 500,000 500,000 436,744 17,320,680

June 30 The Fogelsville National Bank, Fogelsville (12975). . . 281,250 625,000 815,033 20,875,731 The Merchants National Bank of Allentown, Allen- town (6645) . 2,697,990 6 000,000 2,370,373 185,639,802

The Merchants National Bank of Allentown, Allen- town (6645) 3,541,740 ,625,000 2,645,553 206,538,179

July 1 The Peoples Bank of Clymer, Clymer 50,000 250,000 330,059 4,419,247 The First National Bank of Ebensburg, Ebensburg (5084) 273,000 1,100,000 825,908 40,939,057

The First National Bank of Ebensburg, Ebensburg (5084) .... 328,000 1,345,000 1,155,967 45,358,305

Aug. 28 Saucon Valley Trust Company, Hellertown 300,000 700,000 392,465 16,691,247 The First National Bank of Allentown, Allentown (373) 3,392,110 15 ,000,000 3,816,058 260,658,654

The First National Bank of Allentown, Allentown (373) 3,722,110 15 ,700,000 4,178,523 277,349,902

Aug. 31 The Citizens Bank of Wind Gap, Wind Gap 100,000 400,000 238,039 7,835,984 Easton National Bank and Trust Company, Easton (1233) 1,350,000 4 ,000,000 2,155,697 91,385,965

Easton National Bank and Trust Company, Easton (1233) 1,510,000 4 ,400,000 2,337,736 99,221,949

Sept. 30 The First National Bank of Edinboro, Edinboro (7312). 300,000 300,000 275,478 10,464,946 Marine National Bank, Erie (870) 3,900,000 4 ,100,000 1,187,470 118,134,273

Marine National Bank, Erie (870) 4,680,000 ,920,000 1,462,948 128,599,219

Dec. 31 Grange National Bank of Potter County, Ulysses (8739) 192,320 206,060 63,625 5,872,245 First Citizens National Bank, Mansfield (13618) 500,000 500,000 468,372 19,052,692

First Citizens National Bank, Mansfield (13618) 601,000 706,060 623,318 24,924,937

See footnote at end of table.

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TABLE B-l 7—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

SOUTH DAKOTA Jan. 9 Community State Bank of Lake Preston, Lake Preston. $150,000 $200,000 $245,046 $6,502,795 Northwestern National Bank of Sioux Falls, Sioux Falls (10592) 3,250,000 2,500,000 1,665,496 129,971,893

Northwestern National Bank of Sioux Falls, Sioux Falls (10592) 3,500,000 3,500,000 1,111,067 136,325,911

Sept. 10 Security Bank, Madison 300,000 450,000 249,379 10,472,960 4,000,000 4,000,000 4,418,399 191,741,613 National Bank of South Dakota, Sioux Falls (12881). 4,300,000 4,450,000 4,667,779 202,214,573 National Bank of South Dakota, Sioux Falls (12881).

VERMONT July 9 Barre Trust Company, Barre 50,000 -0- 277,892 10,734,254 The Merchants National Bank of Burlington, Burling- ton (1197) 650,000 810,000 570,517 33,728,785 The Merchants National Bank of Burlington, Burling- ton (1197) 650,000 810,000 457,149 44,021,777

VIRGINIA

Mar. 13 The First National Bank of Harrisonburg, Harrison- burg (1572) 1,200,000 1,300,000 915,780 39,328,751 Virginia National Bank, Norfolk (9885) 18,680,000 24,501,275 15,831,511 915,449,691

Virginia National Bank, Norfolk (9885). 20,000,000 25,681,275 16,747,291 954,254,957

June 1 The Merchants and Farmers Bank, Smithfield. 134,100 500,000 327,513 9,760,533 Virginia National Bank, Norfolk (9885) 20,000,000 25,681,275 19,339,239 958,154,895

Virginia National Bank, Norfolk (9885). 20,268,200 26,047,175 19,666,752 967,583,357

July 31 Suburban National Bank of Virginia, Fairfax County (14965) 1,314,000 1,429,048 -0- 49,353,508 First and Merchants National Bank, Richmond (1111). 18,652,700 31,587,300 16,900,059 769,096,943 First and Merchants National Bank, Richmond (1111). 19,966,700 33,223,300 16,693,107 816,282,176

Aug. 31 The National Bank of Orange, Orange (5438) 225,000 500,000 624,137 16,090,627 National Bank and Trust Company, Charlottesville (10618) 1,780,785 3,545,000 2,974,086 102,033,911 National Bank and Trust Company, Charlottesville (10618) 2,005,785 4,045,000 3,960,348 124,566,561

Nov. 23 Carroll County Bank, Hillsville. 400,000 400,000 139,982 14,747,939 Virginia National Bank, Norfolk (9885). 20,268,200 26,047,175 20,494,410 1,036,189,871 Virginia National Bank, Norfolk (9885). 20,552,290 26,563,085 20,634,393 1,050,427,829 See footnote at end of table.

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TABLE B-l 7—Continued Mergers* of National banks, or National and State banks, by States, calendar 1970

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

WASHINGTON Apr. 30 Commercial Bank of Washington, Twisp 300,000 145,060 41,417 5,495,805 Old National Bank of Washington, Spokane (4668). . . 5,333,900 10,062,386 8,221,466 291,760,801 Old National Bank of Washington, Spokane (4668). . . 5,573,900 10,799,886 7,724,773 298,114,823

Sept. 25 North West Bank, Seattle 1,710,000 318,100 907,306 15,998,718 Old National Bank of Washington, Spokane (4668). . . 5,573,900 10,821,290 8,257,252 316,064,001 Old National Bank of Washington, Spokane (4668). . . 6,642,650 10,775,040 10,170,158 332,062,719

WISCONSIN Sept. 1 The Home Bank, Milwaukee . 1,000,000 900,000 38,965 24,740,760 Midland National Bank, Milwaukee (15510) 2,191,875 1,571,952 942,705 78,826,911 Midland National Bank, Milwaukee (15510) 2,941,875 2,721,952 981,670 100,572,816

*Excludes mergers involving only 1 operating bank, effected pursuant to corporate reorganization.

TABLE B-18 Mergers resulting in National banks, by assets of acquiring and acquired banks, 1960-1970*

Assets of acquired bank *

Assets of acquiring bank] Acquiring bank Under $10 $10 million to $25 million to $50 million to $100 million million 24.9 49.9 99.9 and over million million million

Under $10 million . ... 80 80 0 0 0 0 $10 million to $24.9 million 127 113 14 0 0 0 $25 million to $49.9 million 130 88 34 8 0 0 $50 million to $99.9 million 147 95 33 16 3 0 $100 million and over 420 187 143 46 21 23

Total. $904 563 224 70 24 23

*Includes all forms of acquisitions involving two or more banks, from May 13, 1960 through December 31,1970. fin each transaction, the bank with larger total assets was considered to be the acquiring bank. {Comprises 871 transactions, 18 involving 3 banks, 6 involving 4 banks, and 1 involving 5 banks.

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TABLE B-17 Mergers* of National banks, or National and State banks, by States, calendar 1971

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

Total: 36 merger actions

ALABAMA Midway Bank, Opelika $175,000 $100,000 $81, 758 $3, 308, 154 Opelika National Bank, Opelika (11635). 250,000 625,000 274,231 19,104,475 Nov. 1 Opelika National Bank, Opelika (11635). 320,000 830,000 349, 945 23, 038, 020

CALIFORNIA Santa Ynez Valley Bank, Solvang 300,000 300,000 290, 499 11,729,005 American National Bank, Bakersfield (15437) 870, 930 568, 410 325, 742 38, 192, 537 Jan. 11 American National Bank, Bakersfield (15437) 1, 146, 780 623, 632 91, 324 49, 814, 338 Hollywood National Bank, Los Angeles (15442) 510, 155 386, 084 593, 072 1,489,311 United States National Bank, San Diego (10391) 16, 524, 000 11,500,000 6, 103, 254 38, 192, 537 June 25 United States National Bank, San Diego (10391) 17,340,240 11,500,000 6, 776, 326 655,115,299 Inland Bank, Pomona 1,718,595 377, 502 0 33, 746, 068 The Bank of California, N.A., San Francisco (9655) 43, 728, 285 27, 774, 430 11,319,527 1,962, 100,715 Aug. 2 The Bank of California, N.A., San Francisco (9655) 43, 728, 285 27, 774,430 1, 991, 243, 366 8, 812, 207 Newport National Bank, Newport Beach (15235) 1,938,640 Southern California First National Bank, San Diego 711,000 1, 186,661 89,419,006 (3050) 7, 062, 495 13,285,305 9, 805, 955 728, 642, 847 Sept. 23 Southern California First National Bank, San Diego (3050) . . 7, 062, 500 15,934,940 10,992,616 818,061,854 GEORGIA

First National Bank of Doraville, Doraville (15794) 300,000 200,000 40,715 2, 418, 567 First Bank of South DeKalb, Decatur 325,000 226,571 0 2, 143, 265 The First National Bank of Atlanta, Atlanta (1559) 14, 912, 340 30, 924, 750 21,373,674 978,013,997 Mar. 1 The First National Bank of Atlanta, Atlanta (1559) 14, 912, 340 32, 034, 397 21,373,674 982,401,095 Southgate National Bank of Richmond County, Augusta (15219) 165,000 75,000 242,317 5,412,018 The First National Bank and Trust Company of Augusta (1860) 600,000 1,900,000 1, 257, 599 54,791,656 Mar. 3 The First National Bank and Trust Company of Augusta (1860) 600,000 1,900,000 745, 957 60, 387, 026

ILLINOIS The St. Clair National Bank of Belleville, Belleville (11478) 600,000 0 0 19,121,305 The First National Bank of Belleville, Belleville (2154). .. 1,250,000 2,000,000 3,001, 158 70, 939, 304 May 24 First National Bank of Belleville, Belleville (2154) 1,550,000 3, 300, 000 1,922,401 90,060,610

MARYLAND Patapsco National Bank in Ellicott City, Ellicott City (13773) 300,000 300,000 1,043,290 13, 739, 330 The First National Bank of Maryland, Baltimore (1413). . 12,526,260 27, 473, 740 15,993,467 755,156,457 Jan. 29 The First National Bank of Maryland, Baltimore (1413). . 12,856,260 29, 643, 740 14,963,611 766, 907, 837 First National Bank and Trust Company, Havre de Grace (3010) 302, 500 500,000 267,019 17,304,999 Maryland National Bank, Baltimore (13745) 17,000,000 38, 000, 000 42, 037, 683 1,377,595,483 Aug. 31 Maryland National Bank, Baltimore (13745) 17,000,000 38, 000, 000 43, 136,819 1,393,615,771

NEW JERSEY The First National Bank of Milford, Milford (8779) 630,000 807, 500 451, 337 33, 081, 666 The National State Bank, Elizabeth (1436) _. 9,000,000 14, 000, 000 2, 850, 092 369, 181,028 Jan. 21 The National State Bank, Elizabeth (1436) 9, 000, 000 14, 000, 000 362,712 402, 924, 643 Broadway National Bank and Trust Company of Pitman, Pitman (15518) 150,000 225, 000 227, 233 8,786, 138 Peoples National Bank of New Jersey, Westmont (12022). 3, 502, 629 4,419,853 3, 550, 564 186, 397, 559 Feb. 5 Peoples National Bank of New Jersey, Westmont (12022). 3, 745, 629 4,551,853 3, 777, 788 194,873,698 See footnote at end of table.

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TABLE B-l 7—Continued Mergers* of National banks, or National and State banks, by States, calendar 1971

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW JERSEY—continued The First National Bank of Bordentown, Bordentown (9268) $281, 980 $553, 720 $204,911 $14, 158,280 First National Bank of South Jersey, Egg Harbor Town- ship (1326) 8, 022, 000 8, 022, 000 3,738, 157 297,483,713 Mar. 5 First National Bank of South Jersey, Egg Harbor Town- ship (1326) 8, 797, 440 8, 797, 440 3, 227, 888 311,641,993 Phillipsburg Trust Company, N.A., Phillipsburg (15648). 206, 025 304, 095 418, 961 15,918,650 New Jersey Bank, N.A., Clifton (15709) 9, 170,392 13, 107,608 13, 158,479 584, 769, 523 June 4 New Jersey Bank, N.A., Clifton (15709) 9,691,632 13,096,470 13,577,440 600,688, 157 The Second National Bank of Phillipsburg, Phillipsburg (5556).. 312,500 550, 000 305, 608 22, 755, 784 American National Bank and Trust, Montclair (4274). . . 8, 334, 940 9, 735, 260 10,761,316 367,548,851 June 4 American National Bank and Trust, Montclair (4274). . . 8,866, 188 10, 285, 260 11,005, 107 390,288,411 The First National Bank of Tuckerton, Tuckerton (14667) 171,600 400, 000 106, 170 17, 145, 126 Peoples National Bank of New Jersey, Westmont (12022) 3, 748, 389 4, 568, 332 3, 582, 062 215,696,568 Sept. 10 Peoples National Bank of New Jersey, Westmont (12022) 3, 980, 049 4, 908, 272 3, 688, 233 232,841,695 Citizens National Bank of Morris County, Succasurma (6692) 1,058,750 1,058,750 1,040,900 48, 099, 372 The Warren County National Bank, Washington (860). . 430, 000 1,420,000 1,251,068 44, 297, 397 Sept. 24 First National State Bank of Northwest Jersey, Succasunna (860) 1, 488, 750 2, 478, 750 2,291,969 92, 396, 769 The First National Bank of Glassboro (3843) 100, 000 1,000,000 444,015 17,533,261 First National Bank of South Jersey, Egg Harbor Town- ship (1326) 8, 797, 440 8, 797, 440 4, 127,518 351,832,388 Sept. 30 First National Bank of South Jersey, Egg Harbor Town- ship (1326) 9, 697, 440 9, 697, 440 3,871,533 369, 365, 050

NEW YORK The Millerton National Bank, Millerton (2661) 200, 000 200,000 222, 410 7,442, 172 National Bank of Westchester, White Plains (10525) 10,314,425 10, 340, 000 11,240,870 491,641,076 Jan. 1 National Bank of Westchester, White Plains (10525) 10,514,425 10,540,000 11,452,780 499, 083, 248 The Farmers National Bank of Deposit, Deposit (9434)... The National Bank and Trust Company of Norwich, Nor- 50,000 350, 000 137,395 4, 875, 449 wich (1354) Feb. 16 The National Bank and Trust Company of Norwich, Nor- 2, 799, 260 2, 799, 260 2, 166,031 82, 500, 053 wich (1354) 3,019,260 3, 149, 260 2, 110,982 87, 400, 246 Catskill National Bank and Trust Company, Catskill (1294) 150,000 450, 000 244,751 6, 930, 086 Marine Midland Bank—Eastern, N.A., Troy (721) 2, 033, 750 3, 966, 250 5, 798, 166 171,800,718 May 28 Marine Midland Bank—Eastern, N.A., Troy (721) 2, 183, 750 4,416,000 6,043, 168 178,613,694 United Bank, Star Lake 150,000 200, 000 159,877 6,318,393 The St. Lawrence County National Bank, Canton (8531). . 493,018 1,206, 194 1, 135,037 41, 109, 472 Sept. 10 The St. Lawrence County National Bank, Canton (8531). . 555,518 1,687,636 1, 138,632 47, 666, 696 The First National Bank of Winthrop, Winthrop (10747). . 150,000 175,000 26, 637 3,915,636 The Farmers National Bank of Malone, Malone (598). . . 448, 000 565, 750 819,434 32, 070, 893 Sept. 20 The Farmers National Bank of Malone, Malone (598). . . 498, 000 840, 750 846, 072 35, 986, 530

NORTH CAROLINA Bank of Washington, Washington 478, 220 771,780 693, 091 24,513,422 North Carolina National Bank, Charlotte (13761) 16,082,610 53,917,390 16,552,918 1,422,955, 180 Jan. 29 North Carolina National Bank, Charlotte (13761) 17, 158,605 54,091,395 17,311,691 1,438,029, 155 Bank of Rocky Mount, Rocky Mount 150,000 First Union National Bank of North Carolina, Charlotte 750, 000 151,560 13,797,091 (15650) 18, 068, 825 July 30 First Union National Bank of North Carolina, Charlotte 37, 000, 000 13,338,351 1, 114, 132,313 (15650) 18, 368, 825 37, 600, 000 13,475,015 1, 127,762,356 See footnote at end of table.

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TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1971

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total, assets stock reserves

NORTH CAROLINA—continued Bank of Farmville, Farmvillc $100,000 $1,000,000 $493,216 $10,631,998 Bank of Windsor, Windsor 160,000 840,000 408,262 14,674, 169 First Union National Bank of North Carolina, Charlotte (15650) 18, 368, 825 37,600,000 14, 873,002 1,291,712,721 Dec. 31 First Union National Bank of North Carolina, Charlotte (15650) 19,088,825 39, 000,000 15,754,476 1,311,393,483

OHIO The Farmers and Merchants Bank Company, Smithvillc. 60,000 190,000 123,626 3,509,836 First National Bank, Orrville (13742) 800,000 1,200,000 1,021,176 32, 209,426 Dec. 31 First National Bank, Orrville (13742) 920,000 1,580,000 894, 802 35,719,263

PENNSYLVANIA Pocono Bank, East Stroudsburg 625,000 1,000,000 455, 361 36,908,031 Northeastern Pennsylvania National Bank and Trust Company, Scranton (77) 7,414,000 7, 586,000 8,406, 259 337,036,310 Apr. 2 Northeastern National Bank of Pennsylvania, Scranton (77) 9, 164,000 9, 164, 000 7, 158,621 373,926,830 The First Stroudsburg National Bank, Stroudsburg (3632) 1,000,000 1,500,000 1,397,884 46, 557,693 The First National Bank of Eastern Pennsylvania, Wilkes- Barre(30) 3, 726, 800 6, 786,400 3,751,874 213,765,333 Sept. 10 The First National Bank of Eastern Pennsylvania, Wilkes- Barre(30) 4, 926,800 8, 286,400 4, 949, 758 259,095, 749 The National Bank of Chester Valley, Goatesville (575). 800,000 1,200,000 647, 179 29,024,752 Provident National Bank, Philadelphia (15422) 14,958,216 45, 296, 784 28, 162,475 1,081,667,265 Oct. 22 Provident National Bank, Philadelphia (15422) 14,958,216 48,470,544 28, 162,475 1,111,218,598

SOUTH CAROLINA Bank of Clinton, Clinton 100,000 200,000 224, 501 4,772, 357 First National Bank of South Carolina, Columbia (13720). 3, 999, 775 8, 740, 975 9,651,408 280,040,808 Jan. 29 First National Bank of South Carolina, Columbia (13720). 4,099,775 8, 900, 225 9,947, 392 284, 908,067 Bank of Kcrshaw, Kcrshaw 200,000 400,000 314,875 8, 739,378 First National Bank of South Carolina, Columbia (13720) 5,000,000 10,000,000 9,233, 556 297, 835, 389 Aug. 31 First National Bank of South Carolina, Columbia (13720) 5,000,000 10,000,000 10, 163,602 306,226, 828

VERMONT Northfield Trust Company, Northfield 51,000 175,000 272, 277 5,534,241 The Merchants National Bank of Burlington, Burlington, (1197) 700,000 810,000 807,913 50,637,710 Nov. 1 The Merchants National Bank of Burlington, Burlington, (1197) 785,000 810,000 1,221,191 56,171,951

VIRGINIA Eastern Shore Citizens Bank, Onancock 100,000 400,000 234,669 11,379,332 United Virginia/Seaboard National, Norfolk (10194)... 6,000,000 7,000,000 2,647,812 204,230,351 June 1 United Virginia/Seaboard National, Norfolk (10194)... 6, 282,050 7,217,950 2,882,481 213,599,458 Dominion Bank, Alexandria 724, 720 300,000 96,898 11,289,626 Dominion National Bank, Baileys Cross Roads (14909). 1,235,280 1,340,627 573, 260 45,524,110 Dec. 31 Dominion National Bank, Baileys Cross Roads (14909). 1,663,920 1,936,540 670, 159 55, 447,433

WASHINGTON National Bank of Mason County, Shelton (15418). 201,000 140,000 99,482 6, 867,684 Puget Sound National Bank, Tacoma (12292) 6, 250, 000 5,000,000 1,154,079 221,256,071 Mar. 19 Puget Sound National Bank, Tacoma (12292). . . . 6,551,550 5,000,000 1,304,175 228,011,350

•Excludes mergers involving only one operating bank, effected pursuant to corporate reorganization.

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TABLE B-16 Consolidations* of National banks, or National and State banks, by States, calendar 1972

Effective Consolidating banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

Total: 7 consolidations

LOUISIANA First National Bank, Slidell (14989) $200,000 $200, 000 $204, 308 $11,332,641 Commercial Bank and Trust Company, Covington 200,000 550,000 1,379,839 30, 100, 757 928,810 221, 190 1, 584, 148 Dec. 1 Commercial National Bank, Covington (14989) 41, 433, 398 NEW JERSEY First National Bank of Woodstown, Woodstown (399) 150,000 450, 000 222, 489 10,248, 139 Peoples National Bank of New Jersey, Westmont (12022). 3, 980, 049 4, 908, 272 4, 263, 858 247,114,722 Mar. 17 Peoples National Bank of New Jersey, Westmont (399).. . 4,245,831 5,197,491 4, 486, 347 257, 294, 688 Colonial National Bank, Haddonfield (14457) 3,981,400 7, 343, 600 1, 984, 442 194,554,577 Elmer Bank and Trust Company, Elmer 275, 000 400, 000 459, 948 17,249,371 Colonial National Bank, Haddonfield (14457) 7, 743, 600 Aug. 31 4, 256, 400 2, 444, 390 211,803,949 169,038,930 First National Bank of Central Jersey, Somerville (3866) . 3, 693, 750 3, 906, 250 4, 060, 544 First Clinton National Bank, Clinton (1114) 500, 000 890, 426 780, 370 33,741,235 Sept. 29 First National Bank of Central Jersey, Somerville (3866). 4, 818, 750 4, 796, 676 4,224,914 202, 780, 165

NEW YORK National Bank of North America, Jamaica (7703) 30, 918, 330 69,081,670 76, 593, 445 2,581,004,178 The National Bank of Far Rockaway, Far Rockaway (9271) 500,000 500, 000 48, 615 4, 656, 099 Oct. 16 National Bank of North America, Jamaica (7703) 31,095,470 69, 904, 530 76, 642,060 2,585,660,277

PENNSYLVANIA Citizens and Northern National Bank and Trust Company, Towanda (328) 1,400,000 1,400,000 625, 302 56, 674, 730 The First National Bank of Ralston, Ralston (9508) 50, 000 100, 000 110,630 2, 160, 046 May 1 Citizens and Northern National Bank and Trust Company, Towanda (328) 1,520,000 1,500,000 786, 670 58,906,816 The Farmers National Bank of Lititz, Lititz (5773) 1,584,000 2, 332, 000 377, 925 62, 553, 642 The First National Bank of Intercourse, Intercourse (9216). 50, 000 600, 000 188,801 11,301,451 May 31 Farmers First National Bank, Lititz (5773) 1,959,000 2, 932, 000 291, 183 74,000, 162

* Excludes consolidations involving only one operating bank, effected pursuant to corporate reorganization.

TABLE B-17 Mergers* of National banks, or National and State banks, by States, calendar 1972

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

Total: 39 merger actions

ALASKA Bank of Petersburg, Petersburg $100,000 $100,000 $272, 519 $7, 496, 743 National Bank of Alaska, Anchorage (14651). 5,000,000 5,000,000 6, 184, 550 238, 887, 138 Jan. 1 National Bank of Alaska, Anchorage (14651). 5, 150,000 5,000,000 6, 507, 070 246, 245, 666

CALIFORNIA San Joaquin Valley National Bank, Tulare (15357). 615, 740 365, 734 156,491 20, 768, 741 American National Bank, Bakersfield (15437) 1, 204, 800 663, 735 345, 926 56, 264, 565 Mar. 10 American National Bank, Bakersfield (15437) 1, 758, 960 1, 091, 050 511,973 79, 095, 779 Commercial National Bank, San Leandro (15451).. 1,000,000 768, 168 567, 994 15, 808, 944 First National Bank of San Jose (2158) 4, 747, 060 5,000,000 3, 683, 755 237,417,758 May 1 First National Bank of San Jose (2158) 5,547,060 5, 968, 168 4, 251, 749 253, 226, 702 See footnote at end of table. 212 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1972

TABLE B-l 7—Continued Mergers* of National banks, or National and State banks, by States, calendar 1972

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

INDIANA Dillsboro State Bank, Dillsboro $35,000 $200, 000 $297, 919 $6, 291, 368 First National Bank of Aurora, Aurora (0699). 200,000 200,000 636, 800 13, 573, 402 Sept. 30 First National Bank of Aurora, Aurora (0699). 326,000 400,000 843, 718 19, 864, 770

MAINE Kezar Falls National Bank, Parsonsfield (9826). 65, 000 335,000 208, 562 4,918,293 Maine National Bank, Portland (4128) 5, 420, 330 5, 079, 670 5, 059, 643 236,704,821 Sept. 29 Maine National Bank, Portland (4128) 5, 420, 330 5, 079, 670 5, 059, 643 241,623, 114

MASSACHUSETTS Bay State National Bank, Lawrence (1014) 700,000 2, 000, 000 1,165,946 71,853,399 First Bank and Trust Company, Haverhill * 210,000 172,200 242, 916 5,259,610 Second Bay State National Bank, Lawrence (1014). 200,000 40,000 0 240, 000 Dec. 29 Bay State National Bank, Lawrence (1014) 850,000 2, 650, 000 1,231,061 77, 120, 209

MISSISSIPPI Lumberton State Bank, Lumberton 160,000 363, 016 115,712 8, 723, 642 First Mississippi National Bank, Hattiesburg (5176). 1,898,440 5, 030, 000 790, 584 119, 164,988 Aug. 31 First Mississippi National Bank, Hattiesburg (5176). . 2, 042, 440 5, 409, 016 1,013, 136 128,087,692

NEW JERSEY Citizens National Bank of South Jersey, Woodbine (12977) 150,000 160,000 40, 749 8, 274, 284 Bridgeton National Bank, Bridgeton (2999) 200,000 400,000 226, 093 10, 662, 876 Jan. 14 Citizens National Bank of South Jersey, Bridgeton (2999). . 360, 000 550,000 266, 827 18,937, 122 Trenton Trust Company, Trenton 1,347,825 3,184,000 3, 292, 588 170,830,079 National State Bank, Elizabeth (1436) 12,000.000 12,000,000 1,891,200 449,219,093 Feb. 25 The National State Bank, Elizabeth (1436) 12,000,000 10,000,000 1,219,038 613,327,744 Ridgefield Park Trust Company, Ridgefield Park 132,500 1,617,500 233,213 19,379,193 First National State Bank of North Jersey, Hackensack (12014) 500, 000 750,000 1,977,632 57,719,663 June 23 First National State Bank of North Jersey, Hackensack (12014) 2, 000, 000 2, 000, 000 1,210,845 77,098, 856 First National Bank of Hightstown, Hightstown (1737)... 700, 000 1,000,000 720,818 31, 105, 142 Monmouth County National Bank of Red Bank, Red Bank (2257) 3, 825, 000 8, 675, 000 5, 557, 359 271, 134,779 Aug. 18 Colonial First National Bank, Red Bank (2257) 4, 770, 000 10,230,000 5,478,177 302,176,433 Suburban Trust Company, Westfield 2,081,985 2,128,981 6, 070, 573 115,531,849 The National Bank of New Jersey, New Brunswick (0587). 1,627,775 3, 629, 523 3,217,330 106, 633, 978 Dec. 22 The National Bank of New Jersey, New Brunswick (0587) 4, 000, 000 4, 000, 000 3, 100, 276 216,080,833

NEW YORK Bank of Gouverneur, Gouverneur 300,000 700,000 290, 279 12,633,834 Saint Lawrence County National Bank, Canton (8531).. 555,519 1,687,636 1, 185, 100 48,545,161 Mar. 17 Saint Lawrence National Bank, Canton (8531) 743,019 2,500,136 1, 153,435 61,246,870 The Chenango County National Bank and Trust Com- pany, Norwich (3011) 200,000 300,000 774, 090 12,767,713 First-City National Bank of Binghamton, Binghamton (15625) 4, 050, 000 8, 000, 000 5, 447, 355 198,857,489 Mar. 31 First-City National Bank of Binghamton, Binghamton (15625) 4, 250, 000 8, 300, 000 6,221,446 211,625,203 Royal National Bank of New York, New York (15029).., 9, 637, 360 19,020,644 5, 752, 494 283, 329, 958 Security National Bank, Huntington (6587) 15,329,825 35,516,814 28, 886, 386 1,401,513,359 May 5 Security National Bank, Hempstead (6587) 22,213,655 54, 537, 458 36,802,281 1,684,379,988 First National Bank of Edmeston, Edmeston (3681) 150,000 250,000 357,426 6, 390, 209 Central National Bank, Canajoharie (1122) 1, 153,420 1, 850, 000 1, 529, 139 61,707,611 June 30 Central National Bank, Canajoharie (1122) 1,466,760 2, 100, 000 1, 743, 935 68, 138,012

See footnote at end of table.

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TABLE R-17—Continued Mergers* of National hanks, or National and State hanks, hy States, calendar 1972

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW YORK—continued

Bank of Philadelphia, Philadelphia $25,000 $55,000 $81, 538 $2,056,210 The Waddington Bank, Waddington 25,000 25,000 123, 657 2, 163, 152 Jefferson National Bank, LaFargeville (13365) 25,000 175,000 216, 965 3, 154, 290 June 30 Jefferson National Bank, LaFargeville (13365) 225, 000 255, 000 272, 159 7, 373, 652 First National Bank of Central Square, Central Square (10109) 160, 000 500, 000 590,713 17,866,296 The Oneida National Bank and Trust Company of Cen- tral New York, Utica (1392) 5, 846, 220 10, 000, 000 9, 676, 143 358, 761, 262 Oct. 20 The Oneida National Bank and Trust Company of Cen- tral New York, Utica (1392) 6, 342, 220 10, 500, 000 10, 266, 855 376, 627, 558

NORTH CAROLINA

First State Bank, Reidsville 300,000 1, 100,000 534, 076 25, 928, 414 Wachovia Bank and Trust Company, National Associa- tion, Winston-Salem (15673) 50, 640, 070 51,000,000 38, 865, 842 2,013,049,917 Wachovia Bank and Trust Company, National Associa- tion, Winston-Salem (15673) 51,360,070 52, 100, 000 38, 998, 846 2, 037, 667, 546 Banner Elk Bank, Banner Elk 50,000 215,000 68, 960 4, 375, 735 North Carolina National Bank, Charlotte (13761) 17, 158,605 54, 091, 394 25, 629, 925 1, 746, 667, 642 21 North Carolina National Bank, Charlotte (13761) 17,241, 105 54, 273, 895 25, 713, 835 1,751,048,916 Carolina Bank of Commerce, Eden 499, 125 1, 000, 000 581, 238 30,314,680 North Carolina National Bank, Charlotte (13761) 17,241, 105 54, 273, 895 28, 108, 755 1, 883, 287, 655 North Carolina National Bank, Charlotte (13761) 18, 072, 980 54, 941, 145 28, 744, 065 1, 913, 684, 553 Bank of Winston-Salem, Winston-Salem 300,000 300, 000 Bank of North Carolina, National Association, Jackson- 45, 537 4,217,332 ville (14676) 3, 430, 375 7,021,625 Bank of North Carolina, National Association, Jackson- 1, 748, 846 287, 718, 384 ville (14676) 3,613,375 7, 438, 625 1, 794, 383 291, 935, 716 The Farmers Bank, Woodland 600,000 400,000 156, 576 16,886, 190 North Carolina National Bank, Charlotte (13761) 18, 072, 980 54, 941, 145 28 North Carolina National Bank, Charlotte (13761) 30, 636, 433 1,955,172,481 18, 447, 980 55, 566, 145 30, 964, 220 1, 972, 125, 047 Bank of Hobbsville, Hobbsville 216, 547 Bank of North Carolina, National Association, Jackson- 100,000 150,000 5, 151,000 ville (14676) 3,613,275 7, 438, 625 105, 163 8 Bank of North Carolina, National Association, Jackson- 315,919,749 ville (14676) 3, 738, 375 7, 563, 625 321, 709 North Mecklenburg Bank, Cornelius 150,000 150,000 362, 351 321,071,599 First Union National Bank of North Carolina, Charlotte (15650) 19, 088, 825 39, 000, 000 18, 724, 416 8, 177, 358 18 First Union National Bank of North Carolina, Charlotte (15650) 19.238,825 39, 150,000 19, 086, 767 1, 444, 982, 363 The Farmers Bank of Seaboard 40,325 200,000 129,511 Bank of North Carolina, National Association, Jackson- 1, 452, 020, 945 ville (14676) 3, 738, 375 7, 563, 625 428, 362 3, 482, 290 20 Bank of North Carolina, National Association, Jackson- 324,860,673 ville (14676) 3,931,935 7, 610, 390 557, 873 328,310,716 The Bank of New Bern, New Bern 120,000 400,000 217,095 13, 274, 782 North Carolina National Bank, Charlotte (13761) 29, 516, 768 55, 566, 145 23,061,765 2, 146, 544, 229 15 North Carolina National Bank, Charlotte (13761) 30, 111,968 55, 566, 145 23, 179,633 2, 159,619,294 North State Bank, Burlington Bank of North Carolina, National Association, Jackson- 408,000 1, 025, 000 221, 763 25, 555, 565 ville (14676) 3,835, 155 28 Bank of North Carolina, National Association, Jackson- 12,707,170 1,209,016 348, 815, 525 ville (14676) 8,690,310 9,285,015 1, 428, 974 See footnote at end of table. 369, 659, 404

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TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1972

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

OHIO The North Bloomfield Banking Company, North Bloom- field $330, 000 $420, 000 $327, 395 $15,760,951 The Union National Bank of Youngstown, Youngstown (13586) 6, 000, 000 9, 500, 000 3, 547, 450 158,026, 680 June 27 The Union National Bank of Youngstown, Youngstown (13586) 6, 528, 000 10,472,000 3, 124,823 175,472,146 The Johnstown Bank, Johnstown 100,000 225, 000 202,215 6, 560, 340 The First National Bank of Newark, Newark (858) 1,500,000 2, 000, 000 426, 873 54, 690, 902 Aug. 15 The First National Bank of Newark, Newark (858) 1,500,000 2, 325, 000 629, 089 61,251,243 The Mount Union Bank, Alliance 625, 000 1, 000, 000 852, 237 26, 392, 208 The Canton National Bank, Canton (14501) 1, 440, 000 1, 560, 000 1,774, 110 62, 738, 793 Sept. 30 The United National Bank and Trust Company, Canton (14501) 2, 200, 000 2, 560, 000 2, 491, 346 89,131,000 The Rockford National Bank, Rockford (11804) 125,000 125, 000 372, 727 9, 293, 053 First National Bank of Mercer County, Celina (5523)... 750, 000 750, 000 889, 253 33, 386, 519 Sept. 30 First National Bank of Mercer County, Celina (5523) 1,000,000 1, 000, 000 999,981 42, 747, 466 The Bank of North Lewisburg Company, North Lewis- burg 150, 000 150,000 86, 176 3,315,595 The Citizens National Bank of Urbana, Urbana (863). . 300,000 700,000 1,042,331 19, 774, 260 Nov. 29 The Citizens National Bank of Urbana, Urbana (863). . 450, 000 1, 050, 000 928, 507 23, 064, 855 PENNSYLVANIA The First National Bank of Oley, Oley (8858) 125,000 375, 000 438, 095 11,526,647 The National Bank of Boyertown, Boyertown (2137) 450, 000 2, 562, 000 1, 607, 054 64, 502, 935 June 30 National Bank of Boyertown, Boyertown (2137) 575, 000 2, 937, 000 2, 045, 149 76, 029, 581 The Farmers National Bank of Ephrata (4923) 250, 000 1, 500, 000 885, 583 32,971,030 Farmers First National Bank, Lititz (5773) 1,959,000 2, 932, 000 238, 349 74, 955, 286 July 17 Farmers First National Bank, Ephrata (5773) 2, 959, 000 4, 200, 000 758, 125 108,092, 670 The First National Bank of Mount Carmel, Mount Carmel (3980) 300,000 700, 000 1,011,358 25, 668, 570 The First National Bank of Sunbury, Sunbury (1237) 531,250 2, 200, 000 1, 099, 962 51, 887, 864 Oct. 2 First National Trust Bank, Sunbury (1237) 887, 500 2, 900, 000 2, 167, 887 77, 825, 040

UTAH North Davis Bank, Layton 200,000 135,000 210,615 5,858,331 First Security Bank of Utah, National Association, Ogden (2597) 22, 000, 000 20, 000, 000 9, 473, 329 725, 887, 290 Sept. 5 First Security Bank of Utah, National Association, Ogden (2597) 22, 000, 000 20, 000, 000 9, 076, 674 731,770,109

VERMONT Ethan Allen National Bank, Fairhaven (2422) 220, 000 220,000 270, 775 9,490,771 Vermont National Bank, Brattleboro (1430) 1,524, 110 2, 261, 912 2, 173, 367 91,406,456 Nov. 24 Vermont National Bank, Brattleboro (1430) 1,799,110 2,481,912 2, 380, 489 100, 905, 977

WASHINGTON Bothell State Bank, Bothell 200,000 700,000 1, 069, 976 18, 654, 553 Peoples National Bank of Washington, Seattle (14394) 11,722,500 11,777,500 12, 083, 157 561, 390, 669 July 15 Peoples National Bank of Washington, Seattle (14394) 11,722,500 12,477,500 10, 353, 134 574,786,617

•Excludes mergers involving only one operating bank, effected pursuant to corporate reorganization.

215 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1973

TABLE B-17 Mergers* of National banks, or National and State banks, by States, calendar 1973

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

Total: 41 merger actions

ALABAMA

Citronelle State Bank Citronelle $150,000 $225,000 $497,783 $8,974,005 The Merchants National Bank of Mobile, Mobile (13097) 3,300,000 10,200,000 6,358,992 291,108,014 Apr. 6 The Merchants National Bank of Mobile, Mobile (13097) 3,300,000 10,200,000 6,096,007 298,293,486

CALIFORNIA

National Bank of Agriculture, Fresno (11330). 1,072,030 304,800 648,554 28,593,405 American National Bank Bakersfield (15437) 1,825,095 1,116,235 954,283 115,775,269 Dec 17 American National Bank Bakersfield (15437) 2 347 710 1 518 391 934 114 146 846 361

GEORGIA

Bank of Acworth, Acworth 264,000 200,000 389,842 10,613,452 The First National Bank of Cobb County, Marietta (3830) 1,500,000 3,000,000 1,722,570 93,582,283 June 30 The First National Bank of Cobb County, Marietta (3830) 2,000,000 3,200,000 1,407,478 104,045,101

INDIANA

Northwest Bank of Indiana, National Association, Whiting (14813)... 750,000 750,000 420,092 41,601,410 Bank of Indiana, National Association, Gary (15455) 2,500,000 1,350,000 1,584,338 124,454,488 Jan. 19 Bank of Indiana, National Association, Gary (15455) 3,625,000 1,800,000 1,929,430 157,422,686 Stockwell State Bank, Stockwell 75,000 200,000 176,271 3,733,763 Purdue National Bank of Lafayette, Lafayette (11148) 2,160,000 3,840,000 1,858,576 140,846,321 June 1 Purdue National Bank of Lafayette, Lafayette (11148) 2,272,500 4,227,500 1,828,933 144,249,829

MARYLAND

Bank of Crisfield Crisfield . 200,000 800,000 356,201 17,097,115 Citizens National Bank in Pocomoke City, Pocomoke City (14106) 100,000 300,000 499,145 13,475,011 Dec. 31 The Eastern Shore National Bank, Pocomoke City (14106) 260,000 1,100,000 895,346 30,572,126

MASSACHUSETTS

The Conwav National Bank Conwav (895) . . 25,000 95,000 74,286 1,551,642 The Shelburne Falls National Bank, Shelburne (1144) 150,000 150,000 415,383 9,304,928 Oct. 29 The County Bank, National Association, Shelburne (1144) 215,600 245,000 401,133 9,568,422

MISSISSIPPI The Bank of Macon Macon 90,000 330,000 61,018 5,236,348 The Citizens National Bank of Meridian, Meridian (7266) 1,003,000 2,145,000 141,133 48,708,853 Mar. 8 The Citizens National Bank of Meridian, Meridian (7266) 1,149,840 2,423,160 203,525 53,406,092

NEW HAMPSHIRE

Amoskeag Trust Company, National Association, Manchester (16106) 200,000 300,000 594,507 1,965,690 The Amoskeag National Bank of Manchester, Manchester (574) 1,200,000 4,800,000 1,849,828 43,136,280 June 1 Amoskeag National Bank & Trust Company, Manchester (574) 1,279,000 5,200,000 2,458,202 44,675,439

NEW JERSEY

National Union Bank of New Jersey, Dover (2076) 2,713,110 3,557,400 2,681,681 105,959,078 National Community Bank of Rutherford, Rutherford (5005) 10,475,669 15,500,000 12,846,590 564,746,807 Mar. 30 National Community Bank of Rutherford, Rutherford (5005) 14,206,194 20,000,000 13,568,256 670,705,886 First National Bank of Moorestown, Moorestown (15534) 303,185 303,185 428,389 16,073,801 First National Bank of South Jersey, Egg Harbor Township (1326) 10,182,310 10,182,310 5,058,698 415,499,893 May 11 First National Bank of South Jersey, Egg Harbor Township (1326) 10,182,310 10,182,310 4,929,858 432,987,167 Countv Trust Comoanv Tenaflv . 4,000,000 4,000,000 1,449,136 137,014,366 First National State Bank of North Jersey, Hackensack (12014) 2,000,000 2,000,000 1,670,884 77,780,873 Nov. 16 County Trust Company, National Association, Tenafly (12014) 6,000,000 6,000,000 3,120,020 214,795,239 See footnote at end of table.

226 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1973

TABLE B-17- Continued Mergers* of National banks, or National and State banks, by States, calendar 1973

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW JERSEY —Continued

Pascack Valley Bank and Trust Company, Hillsdale $1,250,000 $1,350,000 $761,959 $40,590,487 Citizens First National of Ridge wood, Ridge wood (11759) 3,913,230 3,913,230 7,975,538 193,249,436 Nov. 30 Citizens First National Bank of New Jersey, Ridge wood (11759). 5,038,230 5,388,230 8,737,498 233,839,922 NEW YORK The First National Bank of Morris, Morris (4870) 50,000 150,000 112,895 4,729,691 Wilber National Bank of Oneonta, Oneonta (2151) 1,320,000 1,350,000 1,402,253 51,864,974 Feb. 13 Wilber National Bank, Oneonta (2151) 1,490,000 1,380,000 1,515,148 56,594,665

Montgomery County Trust Company, Amsterdam 400,000 2,000,000 1,717,839 31,655,502 Bankers Trust Company of Albany, National Association, Albany (15758) 4,000,000 6,000,000 9,672,568 222,214,972 Feb. 28 Bankers Trust Company of Albany, National Association, Albany (15758) 4,400,000 8,000,000 11,390,407 253,586,177 The National Bank of Schuylerville, Schuylerville (1298) 250,000 250,000 236,950 7,258,629 Glens Falls National Bank and Trust Company, Glens Falls (7699)... 2,116,920 2,600,000 2,457,529 102,857,054 June 30 Glens Falls National Bank and Trust Company, Glens Falls (7699)... 2,416,920 2,850,000 2,644,479 110,115,683 The First National Bank of Newark Valley, Newark Valley (10111).... 154,000 180,000 423,374 11,076,624 The National Bank and Trust Company of Norwich, Norwich (1354). 3,265,620 3,265,620 3,726,531 122,974,815 Oct. 1 The National Bank and Trust Company of Norwich, Norwich (1354). 3,727,620 3,727,620 3,561,502 134,097,626 The Cambridge Valley National Bank, Cambridge (1275) 100,000 250,000 I 324,502 8,005,233 Glens Falls National Bank and Trust Company, Glens Falls (7699). 2,416,920 2,850,000 / 2,806,555 118,805,382 Oct. 31 Glens Falls National Bank and Trust Company, Glens Falls (7699)... 2,796,920 3,100,000 2,851,057 126,810,615 The First National Bank of Dexter, Dexter (8463) 50,000 200,000 259,884 6,745,334 The National Bank of Northern New York, Watertown (2657) 2,307,815 2,307,815 5,624,013 128,230,685 Nov. 16 The National Bank of Northern New York, Watertown (2657) 2,417,815 2,417,815 5,913,896 134,123,923 First National Bank in Montgomery, Montgomery (13559) 50,000 200,000 245,833 5,017,741 Highland National Bank of Newburgh, Newburgh (1106) 1,300,000 2,020,000 1,990,391 75,409,266 Nov. 30 Highland National Bank of Newburgh, Newburgh (1106) 1,300,000 2,270,000 2,236,224 80,427,008

NORTH CAROLINA Citizens Bank and Trust Company, Henderson 750,000 2,000,000 1,526,568 36,681,251 North Carolina National Bank, Charlotte (13761) 30,111,968 55,490,945 24,851,792 2,374,261,872 Mar. 9 North Carolina National Bank, Charlotte (13761) 35,511,968 52,840,945 26,870,134 2,411,096,948 Bank of Elizabethtown, Elizabethtown 200,000 600,000 161,626 11,329,991 Wachovia Bank and Trust Company, National Association, Winston- Salem (15673) 51,360,070 70,000,000 42,174,849 2,775,623,294 Dec. 12 Wachovia Bank and Trust Company, National Association, Winston- Salem (15673) 51,360,070 70,800,000 42,336,475 2,782,553,285

OHIO Citizensbank National Association, Felicity (15861) 190,000 210,000 43,346 6,748,872 Community National Bank, Loveland (15945) 200,000 150,000 122,240 8,397,921 Jan. 15 Citizensbank National Association, Felicity (15945) 390,000 360,000 165,586 15,146,792 The First National Bank of Girard, Girard (4884) 437,500 562,500 811,279 20,544,959 The Union National Bank of Youngstown, Youngstown (13586) 6,528,000 10,972,000 4,178,472 178,216,355 Mar. 31 The Union National Bank of Youngstown, Youngstown (13586) 7,193,000 12,807,000 3,491,138 199,705,363 The Afger Savings Bank, Alger 100,000 100,000 138,482 4,662,151 The First National Bank of Kenton, Kenton (2500) 200,000 300,000 573,429 18,115,371 June 30 The First National Bank of Kenton, Kenton (2500) 320,880 529,120 561,910 22,777,521 The Amelia State Bank, Amelia 100,000 200,000 120,333 4,892,479 The First National Bank of Bethel, Bethel (5627) 100,000 400,000 563,578 6,640,958 Dec. 1 The First National Bank of Bethel, Bethel (5627) 327,425 600,000 573,386 11,494,091 The Grand Rapids Banking Company, Grand Rapids 250,000 250,000 340,046 10,427,143 Mid-American National Bank and Trust Company, Northwood (15416). 2,540,240 2,400,000 463,551 77,554,195 Dec. 31 Mid-American National Bank and Trust Company, Northwood (15416). 2,950,240 2,650,000 643,597 87,981,338 See footnote at end of table.

227 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1973

TABLE B-17 —Continued Mergers* of National banks, or National and State banks, by States, calendar 1973

Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

PENNSYLVANIA

The First National Bank of Lock Haven, Lock Haven (507) $220,000 $1,580,000 $545,331 $32,815,248 Fidelity National Bank of Pennsylvania, Williamsport (175) 1,338,480 3,341,490 441,461 66,006,960 Jan. 8 Fidelity National.Bank of Pennsylvania, Williamsport (175) 2,664,640 3,815,330 986,792 98,822,208 The First National Bank of Coopersburg, Coopersburg (9034) 200,000 400,000 362,030 14,680,425 The Merchants National Bank of Allentown, Allentown (6645) 3,718,825 7,500,000 4,110,409 292,874,718 Jan. 26 The Merchants National Bank of Allentown, Allentown (6645) 4,068,825 7,900,000 4,322,438 307,555,143 The First National Bank of Marietta, Marietta (25) 110,000 300,000 205,055 7,023,473 Farmers First National Bank, Lititz (5773) 2,959,000 4,200,000 852,195 118,275,757 Apr. 2 Farmers First National Bank, Lititz (5773) 3,234,000 4,500,000 927,238 125,332,695 The Leola National Bank, Leola (13186) 210,000 600,000 409,831 15,637,410 The Fulton National Bank of Lancaster, Lancaster (2634) 2,170,875 5,052,350 6,766,803 207,693,218 May 1 The Fulton National Bank of Lancaster, Lancaster (2634) 2,485,875 5,652,350 7,071,633 223,330,629 The Rebersburg National Bank, Rebersburg (11789) 25,000 175,000 136,536 3,891,845 The Peoples National Bank of State College, State College (12261) 600,000 1,200,000 1,379,497 42,929,457 Sept. 10 The Peoples National Bank of Central Pennsylvania, State College (12261) 652,500 1,347,500 1,516,032 46,821,302 The Citizens National Bank of Newport, Newport (7716) 75,000 200,000 312,365 5,086,415 Cumberland County National Bank and Trust Company, New Cum- berland (14542) 1,845,620 4,854,380 2,826,101 182,741,424 Dec. 31 Cumberland County National Bank and Trust Company, New Cum- berland (14542) 1,845,620 5,129,380 3,110,916 187,839,523

SOUTH CAROLINA

The Bank of Berkeley, Moncks Corner 129,000 221,000 420,643 7,574,054 The South Carolina National Bank, Charleston (2044) 8,167,010 22,072,990 28,447,124 872,357,834 July 2 The South Carolina National Bank, Charleston (2044) 8,399,210 22,190,790 28,867,768 879,931,887 The Security Bank, Edgefield 200,000 300,000 222,406 8,544,771 First National Bank of South Carolina, Columbia (13720) 5,000,000 15,000,000 10,994,361 467,861,074 Dec. 31 First National Bank of South Carolina, Columbia (13720) 5,000,000 15,000,000 11,716,767 473,849,177

SOUTH DAKOTA

Parker State Bank, Parker 125,000 225,000 216,672 6,747,726 Northwestern National Bank of Sioux Falls, Sioux Falls (10592) 3,500,000 3,500,000 3,880,447 188,247,376 Mar. 31 Northwestern National Bank of Sioux Falls, Sioux Falls (10592) 3,600,000 3,600,000 4,270,099 195,118,591

TEXAS

Bank of Commerce, Corpus Christi 750,000 750,000 667,006 13,309,223 Guaranty National Bank & Trust of Corpus Christi, Corpus Christi (14988) . 462,750 468,250 763,322 20,110,719 Apr. 2 Guaranty National Bank & Trust of Corpus Christi, Corpus Christi (14988) 991,500 1,218,250 1,652,882 34,114,798

UTAH

Pioneer National Bank, Logan (15643) 120,000 73,000 182,400 5,549,460 The First National Bank of Logan, Logan (4670) 600,000 600,000 729,341 26,073,142 June 30 The First National Bank of Logan, Logan (4670) 720,000 720,000 864,742 31,068,413 Carbon Emery Bank, Price 400,000 800,000 885,142 38,219,970 Zions First National Bank, Salt Lake City (4341) 5,630,890 12,662,354 6,771,101 489,667,449 Aug. 1 Zions First National Bank, Salt Lake City (4341) 6,030,890 13,462,354 7,345,965 503,888,365

See footnote at end of table.

228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1973

TABLE B-17 — Continued Mergers* of National banks, or National and State banks, by States, calendar 1973

Effective Merging banks Outstanding Undivided date Resulting hank capital Surplus profits and Total assets stock reserves

VIRGINIA

The First National Bank of Nelson County at Lovingston, Lovingston (11957) $100,000 $400,000 $269,884 $10,484,042 National Bank and Trust Company, Charlottesville (10618) 2,005,785 4,045,000 7,020,900 174,634,229 Mar. 30 National Bank and Trust Company, Charlottesville (10618) 2,105,785 4,445,000 7,290,784 185,118,272

WASHINGTON

State Bank of Morton, Morton 50,000 200,000 354,535 6,251,927 Orting State Bank, Orting 50,000 75,000 93,281 2,733,198 Eatonville State Bank, Eatonville 50,000 150,000 209,342 4,782,028 I'uget Sound National Bank, Taeoma (12292) 6,551,500 5,850,000 1,724,837 287,728,181 Mar. 9 Puget Sound National Bank, Taeoma (12292) 7,166,500 5,850,000 2,440,154 297,990,490

'Excludes mergers involving only one operating bank, effected pursuant to corporate reorganizations.

TABLE B-18 Mergers resulting in National banks, by assets of acquiring and acquired banks, 1960-73}

Assets of acquired hank

Assets of acquiring hanks't Acquired Under $10 $10 million to $25 million to $50 mil/ion to $100 million hanks mil/ion $24.9 $49.9 $99.9 and over 1960-73 million million million

Under $10 million 87 87 0 0 0 0 $10 million to $24.9 million 137 120 17 0 0 0 $25 million to $49.9 million 156 103 42 11 0 0 $50 million to $99.9 million 170 107 40 20 3 0 $100 million and over 525 223 182 65 25 30

Total 1,075?- 640 281 96 28 30

* Includes all forms of acquisitions involving two or more hanks from May 13, 1960 through December 31, 1973. f In each transaction, the bank with larger total assets was considered to he the acquiring bank. t Comprises 1,035 transactions, 23 involving three banks, seven involving four banks, and one involving five banks.

229 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1974

TABLE B-17 Mergers* of National banks, or National and State banks, by States, calendar 1974 Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves Total: 43 merger actions CALIFORNIA Palm Springs National Bank, Palm Springs (15276) $859,365 $181,113 $195,366 $24,710,462 First National Bank and Trust Company, Ontario (6268) 1,840,080 2,349,950 2,155,404 128,773,855 Jan. 1 2,245,200 2,985,308 1,960,038 153,484,317 First National Bank and Trust Company, Ontario (6268) Hayward National Bank, Hayward (15343) 705,020 425,900 608,877 16,876,039 The First National Bank of San Jose, San Jose (2158) 5,603,690 7,600,000 4,444,381 283,984,707 July 31 The First National Bank of San Jose, San Jose (2158) 6,308,710 8,025,900 5,053,258 300,860,747 Commercial National Bank, Buena Park (15434) 1,355,865 483,724 512,854 33,069,076 Wells Fargo Bank, National Association, San Francisco (15660) .. . 93,010,320 260,664,910 78,416,062 9,819,837,927 Aug. 23 Wells Fargo Bank, National Association, San Francisco (15660) ... 94,461,100 261,053,719 78,928,916 9,852,907,003 INDIANA Farmers State Bank, Plainville 25,000 50,000 137,576 1,876,645 The Peoples National Bank and Trust Company of Washington, Washington (3842) 300,000 400,000 562,737 24,867,345 Apr. 30 The Peoples National Bank and Trust Company of Washington, Washington (3842) 346,250 450,000 679,063 26,682,905 IOWA Farmers Loan and Trust Company, Sioux City 100,000 100,000 96,000 375,066 The Toy National Bank of Sioux City, Sioux City (10139). 1,500,000 2,000,000 1,502,605 95,337,656 Sept. 16 The Toy National Bank, Sioux City (10139) 1,589,000 2,111,000 1,596,437 93,805,519 KANSAS The Victory State Bank, Kansas City 271,000 229,000 769,000 9,128,913 Security National Bank of Kansas City, Kansas City (13801) 5,500,000 6,000,000 9,134,904 169,462,647 Nov. 29 Security National Bank of Kansas City, Kansas City (13801) 5,771,000 6,229,000 9,903,905 178,591,559 MARYLAND Sykesville State Bank, Sykesville 300,000 600,000 455,185 14,481,227 Maryland National Bank, Baltimore (13745). 17,000,000 38,000,000 61,523,378 1,732,138,222 Jan. 4 Maryland National Bank, Baltimore (13745). 17,000,000 38,000,000 62,878,563 1,745,392,289 MICHIGAN The Farmers State Bank of Concord, Concord 97,500 52,500 361,006 7,553,765 The National Bank of Jackson, Jackson (13741) 3,159,160 7,899,880 3,999,780 172,221,639 May 31 The National Bank of Jackson, Jackson (13741) 3,256,660 7,952,380 4,360,786 179,775,404 New Haven Savings Bank, New Haven 125,000 105,000 200,817 5,474,903 The National Bank of Richmond, Richmond (13793) 246,905 263,000 1,362,606 33,622,896 Dec. 31 The National Bank of Richmond, Richmond (13793) 303,155 436,750 1,563,423 39,097,799 MISSISSIPPI Leflore Bank and Trust Company, Greenwood 300,000 1,200,000 130,787 17,544,879 Deposit Guaranty National Bank, Jackson (15548) 10,481,625 37,018,375 2,527,709 775,645,596 June 28 Deposit Guaranty National Bank, Jackson (15548) 10,808,625 39,191,375 1,661,844 789,457,648 NEW JERSEY Midlantic National Bank/Parsippany, Parsippany-Troy Hills (15975) 400,000 400,000 93,129 8,997,817 Midlantic National Bank/Morris, Morristown (15360) 400,000 265,000 107,135 12,315,879 Mar. 31 Midlantic National Bank/Morris, Morristown (15360) 800,000 665,000 200,265 21,313,697 Millburn-Short Hills Bank, Millburn 250,000 250,000 903,425 49,402,960 Midlantic National Bank, Newark (1316) 16,725,870 33,467,013 25,648,937 1,004,152,034 Mar. 31 Midlantic National Bank, Newark (1316) 16,975,570 33,717,013 26,552,362 1,053,554,995 Madison State Bank, Madison Township 630,000 590,305 0 9,895,881 Peoples National Bank of Monmouth County, Hazlet Township (4147) 900,000 1,762,000 906,027 72,047,509 May 31 United Jersey Bank/Mid State, National Association, Hazlet Town- ship (4147) 1,125,000 4,417,000 906,027 83,449,286 First National State Bank of Ocean County, Lakewood (16035) 1,000,000 1,500,000 428,639 44,837,737 First National State Bank of the Jersey Coast, Spring Lake (13898) 1,000,000 1,000,000 712,705 37,317,025 June 7 First National State Bank of the Jersey Coast, Spring Lake (13898) 2,000,000 2,500,000 1,279,292 82,605,008 Belmar-Wall National Bank, Wall Township (13848) 899,890 1,000,000 2,096,470 56,959,716 The First Jersey National Bank, Jersey City (374) 7,836,000 14,501,375 7,608,908 486,446,643 Aug. 2 The First Jersey National Bank, Jersey City (374) 7,836,000 14,501,375 7,423,768 543,281,539

See footnote at end of table. 199 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1974

TABLE B-17—Continued Mergers* of National banks, or National and State banks, by States, calendar 1974 Effective Merging banks Outstanding Undivided date Resulting bank capital Surplus profits and Total assets stock reserves

NEW JERSEY—Continued Citizens State Bank, Vineland $1,250,000 $750,000 $543,711 $50,685,279 Citizens Bank of Maple Shade, Maple Shade 500,000 473,013 291,295 20,129,415 Citizens National Bank of South Jersey, Bridgeton (2999) 460,005 670,001 389,833 26,441,564 Citizens Bank of Marlton, National Association, Marlton (13125) ... 675,568 1,036,562 212,575 33,498,441 Oct. 29 Citizens United Bank, National Association, Vineland (13125) 2,885,573 2,929,576 1,437,414 130,754,699 Oakland State Bank, Oakland 500,000 387,538 70,000 8,566,397 Citizens First National Bank of New Jersey, Ridgewood (11759) 5,239,760 5,388,230 10,136,247 241,475,526 Oct. 31 Citizens First National Bank of New Jersey, Ridgewood (11759) 5,614,760 5,913,230 10,113,449 249,151,711 Fairneld National Bank, Fairfield (15857) 500,000 500,000 167,731 8,095,383 New Jersey Bank (National Association), Clifton (15709) 9,693,096 24,921,108 9,563,098 758,661,811 Oct. 31 New Jersey Bank (National Association), Clifton (15709) 9,693,096 23,639,069 9,563,098 764,858,801 Egg Harbor Bank and Trust Company, Egg Harbor City 900,000 900,000 673,003 24,280,566 Mechanics National Bank of Delaware Valley, Burlington Township (1222) 2,750,000 2,750,000 929,771 109,646,386 Nov. 29 First National State Bank/Mechanics, Burlington (1222) 3,650,000 3,650,000 1,602,774 133,926,951 United Jersey National Bank of Cherry Hill, Cherry Hill (15971) 500,000 250,000 124,163 10,836,278 Third National Bank of New Jersey, Camden (13203) 1,062,500 724,706 0 64,102,809 Dec. 2 United Jersey Bank/Third National, Camden (13203) 1,562,500 1,098,869 0 74,939,087 The First National Bank of Westwood, Westwood (8777) 425,250 1,074,750 1,147,693 37,882,853 New Jersey Bank (National Association), Clifton (15709) 9,693,096 23,639,069 9,105,272 752,139,150 Dec. 30 New Jersey Bank (National Association), Clifton (15709) 9,693,096 19,856,010 9,105,272 783,462,337 NEW YORK Lewis County Trust Company, Lowville 350,000 1,000,000 783,069 26,017,160 The St. Lawrence National Bank, Canton (8531) 789,669 2,470,324 2,242,466 79,901,518 May 17 The St. Lawrence National Bank, Canton (8531) 1,090,450 3,519,543 3,027,974 107,033,826 The National Bank of Hobart, Hobart (4497) 100,000 150,000 351,968 6,251,306 The National Bank and Trust Company of Norwich, Norwich (1354) 3,876,720 3,876,720 3,815,580 143,864,859 June 28 The National Bank and Trust Company of Norwich, Norwich (1354) 4,156,720 4,156,720 3,864,191 150,157,667 Republic Bank, National Association, New York 200,000 40,000 0 965,000 Kings Lafayette Bank, New York 10,000,000 6,500,000 6,315,363 224,190,575 Republic National Bank of New York, New York (15569) 11,282,080 14,841,090 29,484,282 565,630,656 July 1 Republic National Bank of New York, New York (15569) 21,482,080 22,466,261 29,484,282 782,781,076 The First National Bank of Cooperstown, Cooperstown (280) 250,000 400,000 992,860 17,791,081 Bankers Trust Company of Albany, National Association, Albany (15758) 4,400,000 8,000,000 11,662,879 266,520,970 Nov. 29 Bankers Trust Company of Albany, National Association, Albany (15758) 4,400,000 8,650,000 12,655,739 284,312,051 NORTH CAROLINA The First National Bank of Mount Airy, Mount Airy (4896) 300,000 700,000 716,020 19,174,569 North Carolina National Bank, Charlotte (13761) 46,171,968 52,180,946 31,633,945 3,109,145,446 May 17 North Carolina National Bank, Charlotte (13761) 46,471,968 52,880,945 32,374,378 3,128,334,357 Citizens Bank, Marshall 100,000 1,100,000 334,578 16,584,986 Wachovia Bank and Trust Company, National Association, Win- ston-Salem (15673) 51,360,070 70,800,000 57,842,297 2,975,719,479 Dec. 30 Wachovia Bank and Trust Company, National Association, Win- ston-Salem (15673) 51,360,070 72,000,000 58,176,876 2,992,304,465 OHIO Beach City Banking Company, Beach City 150,000 500,000 369,106 10,286,299 The United National Bank and Trust Company, Canton (14501) 2,200,000 2,560,000 3,060,953 100,413,248 Jan. 1 The United National Bank and Trust Company, Canton (14501) 2,560,000 3,060,000 3,290,098 109,383,244 The Freeport State Bank, Freeport 40,000 100,000 66,599 2,866,775 Harrison County National Bank, Hopedale (6938) 150,000 210,000 405,906 9,505,483 Dec. 21 Harrison County National Bank, Hopedale (6938) 190,000 310,000 462,548 12,372,258 The Farmers and Merchants Bank of Englewood, Englewood 250,000 246,148 0 7,473,617 The Central Trust Company of Montgomery County, National Asso- ciation, Dayton (16330) 1,000,000 500,000 461,093 8,631,213 Dec. 31 The Central Trust Company of Montgomery County, National Asso- ciation, Dayton (16330) 1,250,000 746,148 461,093 16,104,831

See footnote at end of table.

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PENNSYLVANIA The Hummelstown National Bank, Hummelstown (2822) $250,000 $1,250,000 $434,496 $19,652,739 The Fulton National Bank of Lancaster, Lancaster (2634) 2,485,875 5,652,350 8,049,268 255,255,958 May 10 The Fulton National Bank of Lancaster, Lancaster (2634) 2,767,125 6,902,350 8,452,514 274,908,698 The Dime Bank of Lansford, Lansford 50,000 350,000 278,435 10,719,813 Pennsylvania National Bank and Trust Company, Pottsville (1663) 1,737,500 8,150,000 3,127,937 206,100,697 May 31 Pennsylvania National Bank and Trust Company, Pottsville (1663) 1,837,500 8,500,000 3,241,091 216,877,111 The First National Bank of Factoryville, Factoryville (9130) 75,000 250,000 254,555 5,750,662 The Wyoming National Bank of Wilkes-Barre, Wilkes-Barre (732) . 1,300,600 3,381,560 3,302,133 134,984,599 June 10 The Wyoming National Bank of Wilkes-Barre, Wilkes-Barre (732) . 1,431,850 3,722,810 3,409,188 140,735,261 The Duncannon National Bank, Duncannon (4142) 130,000 235,000 490,713 10,887,945 Cumberland County National Bank and Trust Company, New Cumberland (14542) 1,845,620 5,129,380 3,969,460 225,799,364 Sept. .30 Cumberland County National Bank and Trust Company, New Cumberland (14542) 1,845,620 5,494,380 4,460,173 236,687,309 The Berwick National Bank, Berwick (6162) 174,000 976,000 412,392 22,048,850 The First National Bank of Eastern Pennsylvania, Wilkes-Barre (30) 4,926,800 8,286,400 7,678,690 381,565,461 Nov. 15 First Eastern Bank, National Association, Wilkes-Barre (30) 5,579,300 9,262,400 7,960,810 403,091,570 SOUTH CAROLINA The Peoples Bank, Beaufort 800,000 1,048,306 815,681 33,698,335 Bankers Trust of South Carolina, National Association, Columbia (10635) 16,329,490 5,686,005 7,389,821 519,892,860 Apr. 22 Bankers Trust of South Carolina, National Association, Columbia (10635) 18,196,160 5,667,641 8,205,502 553,591,195 The Farmers Bank, Loris 300,000 500,000 334,635 16,784,082 The National Bank of South Carolina of Sumter, Sumter (10660) 2,000,000 3,000,000 2,753,489 97,918,723 June 10 The National Bank of South Carolina, Sumter (10660) 2,430,000 3,320,000 3,088,124 114,702,805 Palmetto Bank and Trust Company, Lake City 220,000 1,000,000 697,749 14,351,449 First National Bank of South Carolina, Columbia (13720) 5,000,000 15,000,000 17,025,395 511,034,589 Dec. 31 First National Bank of South Carolina, Columbia (13720) 6,000,000 17,000,000 16,930,530 532,638,256 The Bank of Walterboro, Walterboro 275,000 475,000 240,371 12,621,018 First National Bank of South Carolina, Columbia (13720) 5,000,000 15,000,000 17,025,395 511,034,589 Dec. 31 First National Bank of South Carolina, Columbia (13720) 6,000,000 17,000,000 16,930,530 532,638,256 SOUTH DAKOTA The First National Bank in Bristol, Bristol (10868) 25,000 350,000 298,025 6,430,772 First National Bank of Aberdeen, Aberdeen (2980) 3,000,000 3,000,000 2,945,444 180,284,114 Oct. 1 First National Bank of Aberdeen, Aberdeen (2980) 3,025,000 3,350,000 3,243,469 186,714,886 VERMONT Montpelier National Bank, Montpelier (13915) 499,600 787,320 1,180,986 34,785,131 Vermont National Bank, Brattleboro (1430) 1,802,875 2,556,545 2,938,677 121,496,942 Nov. 29 Vermont National Bank, Brattleboro (1430) 3,051,875 3,343,865 3,370,263 154,110,108 The Northfield National Bank, Northfield (1638) 50,000 100,000 335,481 4,560,089 The First National Bank of Fair Haven, Fair Haven (344). 125,000 160,000 14,900 5,726,429 First National Bank of Springfield, Springfield (122) 800,000 800,000 1,015,377 30,688,474 Dec. 30 First National Bank of Springfield, Springfield (122) 800,000 800,000 1,015,377 39,836,587 VIRGINIA Peoples Bank and Trust Company of Fairfax, Fairfax County, Alexandria 709,030 523,562 243,687 19,496,742 Dominion National Bank, Baileys Cross Roads (14904) 1,875,970 2,924,481 1,200,183 94,885,747 Apr. 1 Dominion National Bank, Baileys Cross Roads (14904) 2,506,350 3,305,742 1,664,821 112,274,685 * Excludes mergers involving only one operating bank, effected pursuant to corporate reorganization.

201 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis