First National Bank - Plainfield, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10145
Charter Number: 10145
Start Date: June 25, 1914
Location: Plainfield, Connecticut (41.676, -71.915)

Metadata

Model: gpt-5-mini
Short Digest: fa8b31c07019fe91

Response Measures

None

Description

Article (Norwich Bulletin, 1914-06-25) refers to the liquidation of the First National Bank of Plainfield and describes compromises of notes in the liquidation. No mention of any run or temporary suspension/reopening — evidence points to permanent closure/liquidation (receiver actions). Used article date as evidence of ongoing receivership/liquidation.

Events (2)

1. February 23, 1912 Chartered

Source: historical_nic

2. June 25, 1914 Receivership

Newspaper Excerpt: a $3,000 note held by the First National Bank of Plainfield ... in the liquidation of the First National Bank of Plainfield
Source: newspapers

Newspaper Articles (1)

1. June 25, 1914 Norwich Bulletin Norwich, CT

Article from Norwich Bulletin, June 25, 1914

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Article Text

COMPROMISE OF NOTES IS AUTHORIZED In Norwich Belt Co. and William P. Wright Paper Held by Trust Co. In the superior court an order has been issued by Judge Shumway authorizing Receiver Charles F. Thayer 'of the Thames Loan & Trust Co. to accept an offer of twenty-five per cent. in cash for five notes of the Norwich Belt Manufacturing Co., which total $12,500. The cash offer will bring $312.50 in compromise of the five notes. Judge Shumway has also issued an order allowing Receiver Thayer to accept $2,000 in compromise of a $10,000. note of William P. Wright of Apponaug, R. I., which was among the assets of the Thames Loan & Trust Co., with 125 shares of the Apponaug Co. as collateral. The collateral is to be returned to Mr. Wright. Both note and collateral were appraised as of no value in the appraisal of the assets of the bank. This is a 20 per cent. compromise and in the application filed it is stated that a similar 20 per cent. compromise has been accepted for a $10,000 note in the liquidation of the First National Bank of Norwich, as well as for a $3,000 note held by the First National Bank of Plainfield.