Javascript: Add data from JSON to <select>

gistfile1

var options_departments = '<option>The first option goes here<\/option>';	

$.each(banks, function(i,x){
	options_departments += '<option value="' + x.name + '">' + x.name + '<\/option>';
});
		
$("select#divName", this).html(options_departments);	
		
$("select#divName", this).change(function(){
	var index = $(this).get(0).selectedIndex;

})