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F.R. CONFIDENTIAL ?%IS COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES. \ , NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. * '

BOARD OF GOVERNORS OF TIE FEDERAL RESERVE SYSTEM L.4.5. May 16, 1958

CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING APRIL 1958

Class Date of Name and location of banks and branches of bank change

New banks

(except successions and conversions)

Arapahoe County Bank Littleton, Colo. Nonins. 4-14-58 Arapahoe County

Bank of Crestwood Crestwood, Mo. Ins.non. 4-15—58 St. Louis County

New London Trust Co. New London, N.H. Ins.non. 4-15-58 Merrimack County

Security Bank of Oregon Portland, Ore. Ins.non. 4-7-58 Multnomah County

Chimney Rock National Bank Houston, Texas National 4-11-58 Harris County

Southgate National Bank Milwaukee, Wis. National 4-7-58 Milwaukee County

Successions and conversions

Pilgrim Trust Co. Boston, Mass. Member 4-21-58 Converted to — Pilgrim National Bank Boston, Mass. National ^

First Bank of Chico Chico, Texas Nonins. 4-18-58 Converted to — First State Bank Chico, Texas Ins.non.

- Suspension

Industrial Banking Co. Valdosta, Ga. Nonins, 4-21-58

Consolidations, absorptions, etc.

Salem Bank & Trust Co. Goshen, Ind. Ins.non, 4-2-58 New Paris State Bank New Paris, Ind. Ins.non, Merged under charter and title of — Salem Bank & Trust Co. Goshen, Ind, Ins.non. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 -

Class Date of Name and location of banks and branches of bank change

Consolidations *absorption?,etc. -(Contfd)

Ionia Savings Bank Ionia, Iowa Ins.non. 4-1-53 Absorbed by — First Security Bank & Trust Co, Charles City, Iowa Ins.non.

Salem Bank Salem, Ky. Ins.non, 4-21-58 Smithland Bank Smithland, Ky. Ins.non. Merged under charter and title of — Salem Bank Salem, Ky. Ins.non.

First National Bank Springfield, Ky. National 4—2-58 Peoples Deposit Bank Springfield, Ky. Ins.non. Merged under charter of Peoples Deposit Bank and title of — First & Peoples Bank Springfield, Ky. Ins.non.

Union National Bank Friendship, N.Y. National 4-19-58 First Trust Co. of Allegany County Wellsville, N.Y. Ins.non. Merged under charter and title of — First Trust Co, of Allegany County Wellsville, N.Y. Ins.non.

Luzerne-Hadley Bank Lake Luzerne, N.Y. Member 4-14-58 Emerson National Bank Warrensburg, N.Y. National Merged under charter and title of — -Emerson National Bank Warrensburg, N.Y. National

Valley National Bank Chambersburg, Pa. National 4-28-58 Peoples National Bank Lemasters, Pa. National Merged under charter and title of — Valley National Bank Chambersburg, Pa. National t: Barclay-Westmoreland Trust Co. Greensburg, Pa. Member 4~14-58 Mellon National Bank & Trust Co. Pittsburgh, Pa. National Merged under charter and title of — Mellon National Bank & Trust Co. Pittsburgh, Pa. National

Newtown Bank & Trust Co. Newtown, Pa. Member 4-28-58 Absorbed by — Central-Penn National Bank Philadelphia, Pa, National

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 -

Class Date of Name and location of banksand branches of bank change Consolidations, absorptions, etc. -(ContM)

Girard Trust Corn Exchange Bank Philadelphia Pa. Member 4-28-58 Upper Darby National Bank Upper Darby, Pa. National Merged under charter and title of — Girard Trust Corn Exchange Bank Philadelphia, Pa. Member

Vandergrift Savings & Trust Co. Vandergrift, Pa, Ins.non. 4-14-58 Absorbed by — Peoples Union Bank & Trust Co. McKeesport, Pa. Member

Allegheny Valley Trust Co, Verona, Pa. Ins.non. 4-7-58 Absorbed by — Fidelity Trust Co, Pittsburgh, Pa. Member

Withdrawals of State banks from Federal Reserve Membership

Inland Empire Bank Umatilla, Ore. Insurance 4-1^*58 continued

First State Bank Gladewater, Texas Insurance 4-28-59 continued

Security State Bank Littlefield, Texas Insurance 4-18-58 continued

Changes in name or location of banks

Greenfield State Bank Greenfield, Calif. Member 4-22-58 Location changed to Bakersfield, Calif.

Equitable Security Trust Co, Wilmington, Del. Member 4-12-58 Name changed to — Bank of Delaware

National Bank of London London, Ky. National 4-1-58 Name changed to — First National Bank

y/County Trust Co. of Maryland Cambridge, Md. Member >11-58 Location changed to Glen Burnie, Mi.

Branches established dm novo

(includes branches at military and other Government establishments) Arkansas National Bank Hot Springs, Ark. National Southwestern Office Garland County, Ark, 4-15-58 Bellgrove St. & U.S. Highway (P.O. Hot Springs) Digitized for27 FRASER0 West . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 -

Class Date of Name and location of banksand branches of bank change-

Branches established de novo - (Cont*d) (includes branches at military and other Government establishments)

Greenfield State Bank Bakersfield, Calif. Member Greenfield Office Greenfield, Calif. 4-22-58 9925 South Union Avenue Kern County (Formerly head office of (P.O. Bakersfield) Greenfield State Bank which moved from Greenfield to Bakersfield.)

Hartford National Bank & Trust Co. Hartford, Conn. National Farmington Village Office Farmington, Conn. 4-11-58 High Street Hartford County

National Bank & Trust Co, of Fair- field County Stamford, Conn. National Wilton Office Wilton, Conn. 4-14-58 Gateway Shopping Center, Route #7 Fairfield County

Waterbury National Bank Waterbury, Conn, National Plaza Office Waterbury, Conn. 4-14-58 252 Chase Avenue New Haven County

' Georgia Railroad Bank & Trust Co, Augusta, Ga. Member Walton Way Branch Augusta, Ga. 4-16-58 Walton Way & Liberty Street Richmond County

First National Bank Kokomo, Ind. National West Side Branch Kokomo, Ind. 4-4-58 2130 West Sycamore Street Howard County

Purdue National Bank Lafayette, Ind. National Jefferson Square Branch Lafayette, Ind. 4-9-58 3 Jefferson Square, Teal Road Tippecanoe County

. Planters State Bank Salina, Kans. Ins.non. Salina Branch Salina, Kans* 1—2—58 127-133 North 5th Street Saline County

The Royal Bank Louisville, Ky. Ins.non. Highland Office Louisville, Ky. 4-I6-58 1394 Bardstown Road Jefferson County

Washington Bank & Trust Co, Franklinton, La. Ins.non. . Columbia Street Branch Bogalusa, La. 4-14-58 562 Columbia Street Washington County

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 -

Class Date of Name and location of banle and branches of bank change

Branches established de novo - (Cont*d)

(includes branches at military and other Government establishments)

Guaranty Bank & Trust Co. Gretna, La, Ins.non. Marrero Branch Marrero, La. 4-15-58 3901 West side Expressway Jefferson County

Ouachita National Bank Monroe, La, National College Town Branch Monroe, La, 4tl4-,58 3220 Louisville Avenue Ouachita County

^/County Trust Co, of Maryland Glen Burnie, Md. Member Cambridge Branch Cambridge, Md. 3-11-58 Race Street Dorchester County (Formerly head office of County Trust Co, of Maryland, which moved from Cambridge to Glen Burnie.) / Riviera Beach Branch Riviera Beach, Md. 4-14-58 Anne Aruadgl County ySecond National Bank Hagerstown, Md, National Long Meadow Branch Hagerstown, Md, 4-16-58 1523 Potomac Avenue Washington County

Arlington Trust Co. Lawrence, Mass, Ins.non. Middleton Branch Middleton, Mass. 4-18-58 Central Street Essex County

Muskegon Bank & Trust Co, Muskegon, Mich. Ins.non. Broadway-Henry Branch Muskegon, Mich. 4-3-58 821 West Broadway Avenue Muskegon County

Wyandotte Savings Bank Wyandotte, Mich. Member Dearborn Township Office Dearborn Township, Mich. 4-2-58 22840 Van Born Road Wayne County

First-Columbus National Bank Columbus, Miss. National 83 East Branch Columbus, Miss. 4-3-58 211 23rd Street, North . Lowndes County

Union County Savings Bank Elizabeth, N.J. Ins.non, North Broad Street Office Elizabeth, N.J. 4-7-58 320 North Broad Road Union County

First National Iron Bank Morristown, M.J. National Rockaway Township Industrial Office Rockaway Township, N.J. 4-14-58 Hibernia Avenue & Ford Road Morris County

North Jersey Trust Co. Ridgewood, N.J. Member Oakland Office Oakland, N.J. 4-12-58 Ramapo Valley Road Bergen County

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis — 6

Class Date of Name and location of banks and branches of bank change

Branches established de novo-(Contfd)

(includes branches at military and other Government e stablishmsnts)

Trenton Bankirig Go. Trenton. N.J. Jns.non, Hopewell Township Office Hopewell Township, N.J. 4-28-58 Washington Crossing (P.,D, Pennington) Mercer County -

Bank of New Mexico Albuquerque, N. Mex, Ins.non, Downtown Branch Albuquerque, N. Mex. 3-31-58 418 West Gold Street Bernalillo County

Rockland National Bank Suffem, N.Y. National West Haverstraw Office West Haverstraw, N.Y. 4-18-58 Route 9 W & Railroad Avenue Rockland County

County Trust Co. White Plains •, N.Y. Member Kimball Avenue Office Yonkers, N.Y. 4-21-58 830 Kimball Avenue Westchester County

V*America n Commercial Bank Charlotte, N.C. Member Plaza Branch Charlotte, N.C. 4-3-58 Commonwealth Avenue & The Plaza Mecklenburg County

Central National Bank Cleveland, Ohio National Miles-E. 131st Branch Cleveland, Ohio 4-18-58 4097 E. 131st Street Cuyahoga County

Union National Bank Youngstown, Ohio National Gypsy Lane Branch Liberty Township, Ohio 4-14-58 526 Gypsy Lane Trumbull County (P.O. Youngstown)

Commercial National Bank Muskogee, Okla. National Commercial National Drive-In Bank Muskogee, Okla. 4-14-58 220-223 North Third Street Muskogee County

Bank of Mid-America Savings & Trust Co. Oklahoma City, Okla. Ins.non. Drive-in Branch Oklahoma City, Okla. 1-13-58 120-30 West California Avenue Oklahoma County

First Pennsylvania Banking & Trust Co. Philadelphia, Pa. Member Drive-in Facility " Ardmore, Pa. 4-1-58 Inbound Pennsylvania Railroad Montgomery County Station

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Class Date of Name and location of banks and branches of bank change

Branches established de novo - (Cont^d')

(includes branches at military and other Government establishments)

Rhode Island Hospital Trust Co. Providence, R. I. Member Wakefield Office Wakefield, Town of 4-25-58 9-10 Robinson Street South Kingstown, R.I. Washington County

/^Washington Trust & Savings Bank Bristol, Va„ Ins.non, Drive-In Branch Bristol, Va, 4-14-58 428 Cumberland Street Independent City

/First & Merchants National Bank Richmond, Va. National Eighth and Broad Branch Richmond, Va. 4-15-58 719 East Broad Street Independent City

^First National Exchange Bank Roanoke, Va. National South Roanoke Branch Roanoke, Va. 4-18-58 301 McClanahan Street, S.W. Independent City

/Mountain Trust Bank Roanoke, Va. Member South Roanoke Branch Roanoke, Va. 4-14-58 2203 Crystal Springs Avenue, S.W. Independent City

Puget Sound National Bank Tacoma, Wash, National Drive-In Branch Tacoma, Wash. 4-1-58 1301 A Street Pierce County

Banks converted into branches

(See also Consolidations, absorptions, etc.)

Salem Bank & Trust Co. Goshen, Ind. Ins.non. New Paris Branch New Paris, Ind. 4-2-58 (Formerly New Paris State Bank) Elkhart County

First Security Bank & Trust Co. Charles City, Iowa Ins.non. Ionia Office Ionia, Iowa 4-1-58 (Formerly Ionia Savings Bank) Chickasaw County

Salem Bank Salem, Ky. Ins.non, Smithland Branch Smithland, Ky. 4-21-58 (Formerly Smithland Bank) Livingston County

Emerson National Bank Warrensburg, N.Y. National Luzerne-Hadley Branch Lake Luzerne, N.Y. 4-14-58 (Formerly Luzerne-Hadley Batik) Warren County

First Trust Co. of Allegany County Wellsville, N.Y. Ins.non. Friendship Office Friendship, N.Y. 4-19-5C (Formerly Union National Bank) Allegany County Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 8 -

Class Date of Name and location of banks and branches of bank change

Banks converted into branches - (ContTd)

(See also Consolidations, absorptions, etc.)

Valley National Bank Chambersburg, Pa. National Lemasters Office Lemasters, Pa, 4-28-58 f (Formerly Peoples National Bank) Franklin County <<»

Peoples Union Bank & Trust Co. McKeesport, Pa. Member Vandergrift Branch Vandergrift, Pa. 4-14-58 100 Grant Avenue Westmoreland County (Formerly Vandergrift Savings & Trust Co,)

Central-Penh National Bank Philadelphia, Pa. National Newtown Office Newtown, Pa. 4-28-58 Washington Avenue & State Street Bucks County (Formerly Newtown Bank & Trust Co.)

Girard Trust Corn Exchange Bank Philadelphia, Pa. Member Upper Darby Branch Upper Darby, Pa. 4-28-58 6910 Market Street Delaware County (Formerly Upper Darby National Bank)

Fidelity Trust Co. Pittsburgh, Pa. Member Allegheny Valley Branch Verona, Pa. 4-7-58 742 Allegheny River Boulevard Allegheny County (Formerly Allegheny Valley Trust Co.)

Mellon National Bank & Trust Co. Pittsburgh, Pa. National Barclay Branch Greensburg, Pa. 4-14-58 1 North Main Street Westmoreland County (Formerly Barclay-Westmoreland Trust Co.)

Branches acquired by consolidation, absorption, etc.

Girard Trust Corn Exchange Bank Philadelphia, Pa. Member Acquired through merger and will 4-28-58 operate the eleven branches formerly operated by Upper Darby National Bank, Upper Darby, in Delaware County.

Mellon National Bank & Trust Co, Pittsburgh, Pa. National Acquired through merger and will 4-14-58 operate the branch formerly operated by Barclay-Westmoreland Trust Co., Greensburg, in Westmoreland County. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Class Date of Name and location of banks and branches of bank change

Branches discontinued

Security-First National Bank Los Angeles, Calif. National Central & Towne Branch 333 South Central Avenue 4-14-58 Los Angeles, Calif.

V'County Trust Co. of Maryland Glen Burnie, Md. Member Glen Bumie Branch 5 Grain Highway, N.E. 3-11-58 Glen Burnie, Md.

Guaranty Trust Co„ New York, N.Y. Member Church Street Branch 6 Church Street 4-25-58 New York, N.Y.

County Trust Co. White Plains, N.Y. Member South Yonkers Office 355 South Broadway 4-18-58 Yonkers, N.Y.

Changes in name or location of branches

Long Beach National Bank Long Beach, Calif. National Atlantic & South Street Branch 5801 Atlantic Boulevard 3-24-58 Name changed to — Long Beach, Calif. North Long Beach Office

SecurityFirst National Bank Los Angeles, Calif. National ^Carpinteria Branch Carpinteria, Calif. 4-2-58 Changed from 4994 State Highway Change to 4994 Carpinteria Avenue

Seventh & Central Branch Los Angeles, Calif. 4-14-58 Moved from 700 South Central Avenue Moved to 590 South Central and renamed Avenue 'Sixth & Central Branch

Union Bank Los Angeles, Calif. Member Panorama City Branch Los Angeles, Calif. 4-30-58 (P.O. Panorama City) Moved from 8620 Van Nuys Boulevard Moved to 14526 Roscoe Boulevard

*This change is due to renaming of street and does not represent any change in the actual location. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis — 10 -

Class Date of f Name and location of banks and branches of bank change •

Changes in name or location of branches - (Conttd)

Bank of America, N.T. & S.A. San Francisco, Calif. National La Puente Branch 4-14-58 ; Moved from 15835 East Main Street * La Puente, Calif. Moved to 15633 East Valley Boulevard and renamed City of Industry, Calif. La Puente-City of Industry Branch,

Santa Ana Branch 801 North Main Street 4-1-58 Name changed to — Santa Ana, Calif. Santa Ana Main Office First National Bank San Jose, Calif. National s Palo Alto Office Palo Alto, Calif. 4-21-58 Moved from 334 California Avenue Moved to 414 California Avenue

Connecticut National Bank Bridgeport, Conn, National Westport Office Westport, Conn. 4-21-58 - Moved from ' East State Street, 1 Compo Shopping Center Moved to 126 East State Street

Calumet National Bank Hammond, Ind. National Hessville Branch Hammond, Ind. 4-28-58 Moved* from 6817 Kennedy Avenue Moved to 6611 Kennedy Avenue if v Bank of Maryland Seat Pleasant, Md. Ins.non. Annapolis Road Branch Lanham, Md. 4-28-58 < Moved from 7465 Annapolis Road Moved to 7459 Annapolis Road

Oneida National Bank & Trust Co. Utica, N.Y, National Whitestown Branch Whitesboro, N.Y. 4-21-58 Moved from 115 Main Street Moved to Whitestown Shopping Plaza, between Main Street & Oriskany Boulevard

County Trust Co. White Plains, N.Y. Member Dobbs Ferry Office Dobbs Ferry, N.Y. 4-28-58 Moved from 67 Main Street Moved to 12 Ashford Avenue

North East Ycnkers Office Yonkers, N.Y. 4-14-58 Moved from 2250 Central Park Avenue Digitized for MoveFRASERd to 2195 Central Park Avenue http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -11-

Class Date of Name and location of banks and branches of bank change

Changes in name or location of branches - (Cont'd)

IZtJnion National Park Charlotte, N,C. National Myers Park Branch Charlotte, N.C, 4-28-58 Moved from 609 Providence Road Moved to 839 Providence Road

Lake County National Bank Painesville, Ohio National Mentor Branch Mentor, Ohio 4-30-58 Moved from 1645 Mentor Avenue Moved to 1526 Mentor Avenue

Union Planters National Bank Memphis, Tenn, National White Station Branch Memphis, Tenn. 4-21-58 Moved from 4900 Poplar Avenue Moved to 4790 Poplar Avenue

Revision of previous report

/ The statement covering the month of March 1958 reported that the Security / National Bank, Greensboro, North Carolina, opened a branch in High Point, North / Carolina, on March 25, 1958. Advice has now been received that this branch did not / open for business until April 10, 1958.

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