Bank of the United States

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: November 11, 1933
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: cbe2d8c0

Response Measures

None

Description

The article discusses the closed Bank of the United States in New York and legal action by the receiver to collect assessments from stockholders. The text indicates the bank had closed and was being liquidated/insolvent; no article text here describes a depositor run. Therefore classified as a suspension that resulted in permanent closure/receivership. OCR in the article is poor; corrected obvious garbling in quotes (e.g., references to the closed Bank of the United States).

Events (2)

1. November 11, 1933 Receivership

Newspaper Excerpt: Receiver of Bank of United States Brings Action to Collect $25 Assessment on Shares ... suits ... brought Friday in the Superior Court by Joseph superintendent of banks of the State of New York, who asked total damages $92,700.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was insolvent/being liquidated; more owed to creditors than assets, prompting closure and liquidation.
Newspaper Excerpt: the closed Bank of the United States New York City were brought Friday in the Superior Court by Joseph superintendent of banks of the State of New York
Source: newspapers

Newspaper Articles (1)

1. November 11, 1933 Hartford Courant Hartford, CT

Article from Hartford Courant, November 11, 1933

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Article Text

Stockholders Defunct Receiver of Bank of United States Brings Action to Collect $25 Assessment on Shares County Affected Prominent 91 of in ages Superior Court damage suits against stockholders the closed Bank of the United States New York City were brought Friday in the Superior Court by Joseph superintendent of banks of the State of New York, who asked total damages $92,700. The defendants included prominent persons busiand professional in Hartford County, banks and brokerage The suits were brought under section of the New York State constitution which makes stockholders of banks individually responsible to the amount of their respective shares of stock for the debts and liabilities of the bank. They are being served by Deputy Sheriff Joseph Fanelli of Hartford and Constable Harold Cole of Stamford and returnable the first Tuesday of December 30 Million Owing Creditors. Similar to suits filed against in New the papers relate that the Bank the United States, which had capital $25,250,000, closed by the bank on when it was that the bank could not its safely bank being liquidated who found that more than owing to creditors, and above the value the On July Superintendent the stockholders the bank $25 for share stock held them. The defendants named in the present suits have refused to their assesspay ments states and the actions brought to enforce their alleged liability List of Defendants. The list of defendants, many of them prominent in public life, and the amount damages claimed against each, follows: Raymond Betts, Hartford. $3000; Edwin Hartford, $1000; Ed. ward Hartford, $3500; Max Leshin, Hartford, $1500; mond Levi, Hartford. $1500; Edward McNamara. $3000; Roy Mason, $1700: Frances Prince, Hartford. $1200: Jacob Wieder. Hartford. $1000: Peter VourHartford, $2700: Simon Yolish Hartford. $3500; William H. Hartford. Salvatore Rotella. New $2000; Charles New Britain, $3000; Michael Contaras New $3000; George William Wyatt. Bristol. Rudolph Broad Baton $12.$800; Goodwin Beach Hart$1000; Trusban Hart$6500; Latina Bros. Hartford, $1500; Grote Hart Shoor CorpoHartford. Park Street Trust Hartford. Mildred mond Bieth and Dorothea Bieth, both Hartford. Frank Adams, $200; Frieda $550; Beatrice BlodgAbraham $650; Hazel Charles $550; Sarah Daws, $150: Daly. $350; Michael Mary Stewart Dunning Rose and William Flynn