City Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: January 1, 1931*
Location: Hartford, Connecticut (41.764, -72.685)

Metadata

Model: gpt-5-mini
Short Digest: 260b4b737affde11

Response Measures

None

Description

Article (1944-10-02) discusses the City Bank & Trust Co. of Hartford already in receivership (began in 1931). No run is described; the bank has been closed and a receiver (state bank commissioner) is administering disposition of assets. Payments to depositors (savers 85%, commercial 70%) are underway and a court ordered single sale (in June, implied 1944) is mentioned.

Events (2)

1. January 1, 1931* Receivership

Newspaper Excerpt: the receivership which started in 1931 would be ended.
Source: newspapers

2. June 1, 1944* Other

Newspaper Excerpt: last June the court ordered the disposition of assets of the City Bank and Trust Co. of Hartford in a single sale.
Source: newspapers

Newspaper Articles (1)

1. October 2, 1944 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, October 2, 1944

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Article Text

Bank May Pay In Full / (Continued from Page 1) manner of disposition. Assistant Attorney General Robert M. Dowling disclosed today that the assets of the local bank are not considerable. He said they consist of about 10 mortgages and two vacant lots, with the remainder made up of unsecured notes. He said the list of assets will not be drawn up until the court issues an order for the sale. In presenting the motion for advice for Richard Rapport, the state bank commissioner and successor receiver of the bank, Attorney Dowling pointed out that last June the court ordered the disposition of assets of the City Bank and Trust Co. of Hartford in a single sale. He said experience in that case showed it might be advisable to take simimiar action here. Attorney Weisman pointed out that savings depositors have already been paid dividends amounting to 85 per cent, while payments to commercial depositors have totaled 70 per cent. He said he was "most interested in disposition" and hoped the TO= ceivership which started in 1931 would be ended. He said It appeared probable that the savings depositors would be paid in full and "the commercial depositions also may be paid in full." Judge Daly concluded the brief hearings by stating that everyone interested will decide on all of the defunet banks at the name time.