The bank was under conservatorship following the 1933 banking holiday and was eventually liquidated with assets sold to a successor institution.
Events (4)
1.July 11, 1865Chartered
Source
historical_nic
+68 years
2.March 6, 1933Suspension
Cause
Government Action
Cause Details
The bank was placed under conservatorship, likely following the March 1933 federal banking holiday.
Newspaper Excerpt
The bank which has been under conservatorship with Clarence W. Trimble, as Conservator
Source
newspapers
+10 months
3.January 9, 1934Receivership
Newspaper Excerpt
Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon.
Source
newspapers
same day
4.January 9, 1934Receivership
Source
historical_nic
Newspaper Articles (6)
1.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
2.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
3.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
4.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
5.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
6.January 13, 1934The Bangor Daily NewsBangor, ME
Article Text
RECEIVER FOR ASSETS OF OLD CALAIS BANK
(Special to The Bangor Daily News)
CALAIS—Attorney Reed V. Jewett has been appointed Receiver for the Calais National Bank and will assume his duties soon. The bank which has been under conservatorship with Clarence W. Trimble, as Conservator, has sold the greater part of its assets to the National Bank of Calais, which is doing business in the quarters formerly occupied by the old bank. The Receiver will continue to liquidate the assets with a view to securing depositors the full amount of their claims. The total assets in the hands of the receiver is in excess of $400,000.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.