Hartford National Bank & Trust Company (Hartford, CT)

View Charter #1338 on SPMC View balance sheet

Episode Information

Episode UID
133801585
Episode Type
Run → Suspension → Unsure
Bank Type
national
Bank ID
13380 national
Charter Number
1338
Start Date
January 4, 1932
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b83364d0b175e413

Response Measures

Fed/other loan, Partial suspension

Description

Articles describe city-wide runs and suspensions in Hartford but do not name this specific bank.

Events (4)
1. June 24, 1865 Chartered
Source
historical_nic
2. January 4, 1932 Run
Cause
Local Banks
Cause Details
Runs followed recent closings of local banks (City Bank and Trust Co., East Hartford Trust Co.), triggering heavy withdrawals across Hartford.
Measures
Banks invoked the 90-day rule for withdrawals (suspension of immediate payouts).
Newspaper Excerpt
HARTFORD BANKS SHAKEN BY LONG RUNS ON MONDAY ... depositors of all savings banks and governmental postal savings stormed the banks and formed long, insistent lines until the Federal Reserve Bank of Boston rushed $1,000,000 to meet the demands
Source
newspapers
3. January 4, 1932 Suspension
Cause
Local Banks
Cause Details
Invoked 90-day notice rule in response to heavy withdrawals and local bank closings.
Newspaper Excerpt
Banks thruout the city immediately invoked the rule of ninety days notice for withdrawals.
Source
newspapers
4. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Presidential proclamation (national bank holiday) suspended bank operations in March 1933.
Newspaper Excerpt
the President's proclamation closing banks had also suspended operation of building and loan associations ... not permitted to pay out money ... After the bank suspension is lifted
Source
newspapers

Newspaper Articles (2)
1. January 7, 1932 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, January 7, 1932

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Article Text

HARTFORD BANKS SHAKEN BY LONG RUNS ON MONDAY Savings Banks, Gov't Postal Savings Are Stormed In City HARTFORD, Conn. - Following the closing of the city bank and trust Co., the East Hartford Trust Co. Saturday, a run of major proportions developed here Monday when depoitors of all savings banks and governmental postal savings stormed the banks and formed long, insistent lines until the Federal Reserve Bank of Boston rushed $1,000,000 to meet the demands of the depositors. Banks thruout the city immediately invoked the rule of ninety days notice for withdrawals. All day Monday anxious crowds formed in front of all savings banks here, as well as the postal savings, calling for a return of their deposits. Bank officials are seeking to cover up the seriousness of the situation by the usual promises of "rehabilitation" and "need for confidence." . * The Freehold Trust Co. of Freehold, Monmouth County, New Jersey placed its affairs in the hands of the state department of Banking and Insurance after a period of heavy withdrawals. Depositors Try Recover Money. Desperate because of the closing of the People's State Bank of Monck's Corner, S. C., two depositors forced an entrance into the closed bank and took $2,000, a sum equal to that which they had in deposits at the time of the bank closing. The two depositors later surrendered to the sheriff, after burying the money they took.

2. March 12, 1933 Hartford Courant Hartford, CT
Article from Hartford Courant, March 12, 1933

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Article Text

Federal System Benefits Cited Rediscounting Privileges for Mortgages Extended 25 Per Cent of Those in Conn. Enter Eleven of the building and loaning associations of Connecticut, 25 per cent of the total number representing more than 50 per cent of the total assets of all the building loan associations in the state have already bought stock in the Federal Home Loan Bank and been accepted as members. An enabling act passed by the General Assembly and signed by Governor Cross about two weeks ago now permits Connecticut building and loan associations, savings banks or savings departments any state bank and trust company to become members the purchase of stock in the Federal Home Loan Bank, which was de signed to extend to banks and building and loan associations rediscounting privileges for mortgages. Walker Cites Benefits. Herbert Walker. president of the Hartford Building and Loan Association and president of the Connecticut State League of building and Loan Associations who was active in supporting the passage of the enabling act, said last week that there will now be more money available for loans on approved home mortgages. He pointed out, however, that the President's proclamation closing banks had also suspended operation of building and loan associations and that these associations, while they are permitted to accept payments on obligations, are not permitted to pay out money or negotiate any new mortgages at the present time. After the bank suspension is lifted. members will be in better position to take care of mortgages than before they joined the Federal Home Loan he said. In loaning out funds. he indicated that preference will be given to present members of the building and loan associations who need to refinance their present mortgages order to pay taxes or take care necessary repairs on their homes The Hartford Home Building and Loan Association, the only one in Hartford, was one of the first to join the Federal Home Loan Bank This association is in strong position, Mr. Walker added.