1540. West Side Bank (Bridgeport, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 30, 1933
Location
Bridgeport, Connecticut (41.167, -73.205)

Metadata

Model
gpt-5-mini
Short Digest
f585c5dc

Response Measures

None

Description

Articles state the West Side Bank and Trust Company failed two weeks ago (relative to Sept 13, 1933) and a receiver was appointed Sept 13, 1933. No article describes a depositor run; the bank remained closed and a receiver was named, so classify as suspension followed by closure/receivership. Cause of suspension not specified in the articles.

Events (3)

1. August 30, 1933 Suspension
Cause Details
Article notes the bank failed two weeks ago but gives no specific cause for the failure or suspension.
Newspaper Excerpt
the three Bridgeport banks which failed two weeks ago
Source
newspapers
2. September 13, 1933 Receivership
Newspaper Excerpt
Attorney Samuel A. Mellitz, Bridgeport, today was appointed receiver for the West Side Bank and Trust Company, Bridgeport, by Superior Court Judge Newell Jennings.
Source
newspapers
3. December 29, 1933 Other
Newspaper Excerpt
Bridgeport, Dec. 29 AP -Attorney Samuel Mellitz, Bridgeport receiver for the Westside Bank, today instituted suit in Superior Court against Mrs. Anna Irene Collins... seeking to recover $17,000 damages for alleged non-payment of notes totaling $15,000.
Source
newspapers

Newspaper Articles (2)

Article from The Waterbury Democrat, September 13, 1933

Click image to open full size in new tab

Article Text

Receivers Named for Three Banks (Continued From Page 1) Hartford, Conn, Sept 13-(UP) -Attorney Samuel A. Mellitz, Bridgeport, today was appointed receiver for the West Side Bank and Trust Company, Bridgeport, by Superior Court Judge Newell Jen. nings. The state banking department and attorney general's office had urged the naming of the Bridgeport City Trust Company in that capacity. The appointment was made at a hearing on proposed receivership for three Bridgeport banks which failed two weeks ago. The other two, the Commercial Bank and Trust and American Bank and Trust, will be taken up during the afternoon session. The naming of Mellitz was urged by Attorney Joseph A. Shapiro, representing 75 per cent of the depositors who, he said, were of Hungarian extraction. Shapiro outlined the work of reorganization as planned by a depositors committee and two other groups and stated that Mellitz had the endorsement and confidence of all parties concerned. William Riddon, representing the minority depositors, and William P. Kirk, president of the bank, also spoke in behalf of Mellitz. Assistant Attorney General Raymond A. Johnson, who proposed, the bank as receiver, declared he was not opposed to Mellitz but believed a bank or officer of a bank should be in charge of the closed bank's affairs. Judge Jennings stated that while he had permitted two delays in his appointment, he now had a clearer picture of the situation and inasmuch as this was not an ordinary case and that Mellitz had the confidence of the depositors, he would so order his appointment. Among those attending to-day's hearing were Albert W. Tremaine, president of the other two banks, and Albert J. Endean, treasurer of the Commercial bank, and Louis Randall, treasurer of the American bank. Mellitz's bond was set at $50,000.


Article from Hartford Courant, December 30, 1933

Click image to open full size in new tab

Article Text

Four Days to File Citizenship Petitions There will be four days of preliminary filing of petitions for naturalization at the Federal Building next week, starting Tuesday, preparatory to the receipt by applicants of full citizenship rights at the April term of United States District Court. Petitions will be filed with the clerk of the Federal Court. Mrs. Mary Oliver Hector and her assistant, Miss Eva Bronstein This may be done any day from m. until 5 p. m. from Tuesday to Friday, inclusive. Bank Receiver Sues. Bridgeport, Dec. 29 AP -Attorney Samuel Mellitz. Bridgeport receiver for the Westside Bank, today instituted suit in Superior Court against Mrs. Anna Irene Collins, widow of Charles J. Collins, Fairfield beach pavilion owner, seeking to recover $17,000 damages for alleged non-payment of notes totalling $15 000. The notes are said to have been executed jointly by the deceased and Mrs. Collins.