Two Waterbury, CT newspaper items (June 1932 and June 1933) refer to a receiver acting for the Brooklyn Bank and the receiver bringing foreclosure actions and seeking court instructions on payment of a dividend to depositors. This indicates the bank had been closed and placed in receivership (not a simple temporary run). There is no mention of a depositor run prior to the suspension or of the bank resuming normal operations; the 1933 item discusses the receiver seeking instructions about paying a dividend, consistent with ongoing receivership/closure proceedings.
Events (3)
1.June 17, 1932Receivership
Newspaper Excerpt
Waterbury National Takes Possession Late In Month Receiver for Brooklyn Bank Brings Actions at Short Calendar Session ...foreclosures were granted the WaterNational Bank, receiver for Company, against Charles Kasemekas...the property involved located on Bank and in the Brooklyn section the city. (OCR errors present in article.) The item indicates a receiver had taken possession and was prosecuting foreclosure actions on behalf of the bank (receiver actions). (June 17, 1932 newspaper).
Source
newspapers
2.June 17, 1932Suspension
Cause
Government Action
Cause Details
Bank was in the hands of a receiver and actions were brought by the receiver; bank taken into possession by Waterbury National as receiver late in month (receiver/possession indicates closure by regulatory/receiver action).
Newspaper Excerpt
Receiver for Brooklyn Bank Brings Actions at Short Calendar Session
Source
newspapers
3.June 7, 1933Other
Newspaper Excerpt
Bank Is Seeking Information On Paying Dividend ...instructions as to payment 10 per cent dividend depositors the Brooklyn bank...It will mark the first payment the Kasemekas bank have received...the receiver asks advice as to the payment to the City...the receiver intends to sell...the setting aside $3,500 favor John O'Dea against Charles Amodeo will be heard during the session. (June 7, 1933).
Waterbury National Takes Possession Late In Month
Receiver for Brooklyn Bank Brings Actions at Short Calendar Session To-day-Colonial Trust Gets $189,000 Foreclosure on Palomba Property
Foreclosures totaling nearly $100,000 were granted the WaterNational Bank, receiver for Company, against Charles Kasemekas at short court before Judge Edwin Dickinson today. The property involved located on Bank and in the Brooklyn section the city. mortgages were issued to Kazemekas by the company. Attorney Loren Carter appeared for the receiver Attorney Francis represented Mr Kazemekas
The involved in the six foreclosures ranged from to June 27th, 10 days Judge Dickinson also granted the in the favor of the Col. onial Trust Company against The Charles Palomba Willow and West The court approved lease ment wherein the Hotel bury is operated separately from of the property. first Monday in February set as law day.
2.June 7, 1933The Waterbury DemocratWaterbury, CT
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Article Text
39 CIVIL MOTIONS ON SHORT CALENDAR
Bank Is Seeking Information On Paying Dividend
Uncontested Divorce Suit Also Included-Beardsley & Wolcott Seeks Court Ruling on Payment of Taxes to City of Waterbury
Several motions are the motions in civil included in cases that will come before Judge John Richards Booth at the short calendar of the superior court Friday One uncontested divorce, Mary Gerunaitis against William Gerunaitis will also be heard. Among the motions will be that of the National bank, for the Kazemekas bank, instructions as to payment 10 per cent dividend depositors the Brooklyn bank. it granted It will mark the first payment the the Kasemekas bank have received. In the Beardsley & Wolcott Co. receivership, the receiver asks vice as to the payment to the City of sum of part of the bill owed by the company The payment would divided into two $500 separate pieces of machinery receiver intends to sell. will represent the amount taxes on those twb pieces machinery. the case, the receiver asks advice as the payment of banking Allowance to the receiver and the attorney for the receiver will be presented in another motion in the same case. the setting aside $3,500 favor John O'Dea against Charles Amodeo will be heard during the session.
