1545. Cheshire Bank & Trust Company (Cheshire, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
July 3, 1934
Location
Cheshire, Connecticut (41.499, -72.901)

Metadata

Model
gpt-5-mini
Short Digest
fcc9f7ed

Response Measures

None

Description

Articles refer to the Cheshire Bank & Trust as the late or defunct institution with a receiver (Second National Bank of New Haven) handling dividend payments in 1934–1935. No run or reopening is mentioned; the bank remained closed and in receivership.

Events (4)

1. July 3, 1934 Receivership
Newspaper Excerpt
Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so. The receiver, the Second National bank of New Haven, ... $3,655.88 is on hand ... the receiver believes it would be inadvisable to pay the dividend at the present timesDepositors in the commercial department of the bakn have already received dividends amounting to (1935 article referring to receiver).
Source
newspapers
2. June 18, 1935 Other
Newspaper Excerpt
The receiver, the Second Ntaional bank of New Haven, states that $3,655.88 is on hand for the payment of expenses and to pay a further dividend in the commercial department. ... the receiver believes it would be inadvisable to pay the dividend at the present times Depositors in the commercial department of the bakn have already received dividends amounting to
Source
newspapers
3. July 25, 1935 Other
Newspaper Excerpt
$537,852.10 Other Closed Banks Other closed banks in the state are: ... Cheshire Bank and Trust;
Source
newspapers
4. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and suspended operations; court and receiver handling dividends.
Newspaper Excerpt
Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so.
Source
newspapers

Newspaper Articles (4)

Article from The Waterbury Democrat, July 3, 1934

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Article Text

RICHARD GILLIS DIES IN ANSONIA Brother of Local Woman to Be Burned To-day; Californian Here CHESHIRE NEWS Corrpesondent--Gistav Galucci Phone 319 Mrs George W. Keeler received word late Sunday afternoon of the death of her brother, Richard GIIlis of Ansonila. Funeral services was held from his home this afternoon at 3 o'clock and burial was in Pine Grove cemetery, Ansonia. He is survived by his widow, a daughter, Mrs Morgan and a grandson, and his sister, Mrs Keeler, who is now the last one of a large family. "Dick". as he was affectionately called by his family and friends, was a resident of this town many years and is well remembered. E. H. Mix of Redondo Beach, Cal., a former resident of Cheshire has been calling on relatives and friends the past week. Mr and Mrs Harrison B. Faskett celebrated their 35th wedding anniversary. and Mrs Faskett's birthday Saturday, with a happy family gathering in the home, which was necessarily a quiet one owing to Mrs Faskett's recent recovery from illness. Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so. Installation of officers at L. A. Thomas Lodge, 1. O. O. F., will take place in Odd Fellows hall. Monday night, July 9. Mrs Walter C. Dailey is spending two weeks at her home here. having rented her cottage at Short Beach for that time. The Public Library will be closed Wednesday owing to the holiday. The meeting of the Fire Department will be held in its club room to-night at 7:30 o'clock. The Public Health Nursing association board will meet Friday night in the office in the town hall at 8 o'clock. The only public observance of the national holiday, so far is the annual game planned, and single men, between the married to be played on Merwin's field. Fourth or July morning.


Article from The Waterbury Democrat, July 3, 1934

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Article Text

Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so.


Article from The Waterbury Democrat, June 18, 1935

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Article Text

FINAL DIVIDEND PAYMENT LOOMS Cheshire Depositors' Hope Extended By Motion Yesterday Mope for the payment of a final dividend to depositors in the commercial department of the Cheshire Bank & Trust company was extended yesterday by the filing of a motion by the receiver asking the advice of the superior court as to whether the payment of a dividend was advisable at the present time. The motion will be heard by Judge Arthur F. Ells at the short calendar session Friday. The receiver, the Second Ntaional bank of New Haven, states that $3,655.88 is on hand for the payment of expenses and to pay a further dividend in the commercial department. Other than a negligible sum for court fees, the chief expenses will be additional fees for the receiver and its attorneys, provision for which is asked in another motion to be heard by the court. Unless the authority of the court is given to sell certain assets of the defunct institution, the receiver believes it would be inadvisable to pay the dividend at the present times "Depositors in the commercial department of the bakn have already received dividends amounting to


Article from The Waterbury Democrat, July 25, 1935

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Article Text

$537,852.10 Other Closed Banks Other closed banks in the state are: The American Bank and Trust, Bridgeport; Broadway Bank and Trust, Bridgeport; Broadway Bank and Trust, New Haven; Cheshire Bank and Trust; Citizens Bank and Trust, New Haven; City Bank and Trust Bridgeport: Commercial Bank nad Trust, New Britain; Hamden Bank and Trust; Mechanics Bank and Trust, New Haven; Naugatuck Bank and Trust; Unionville Bank and Trust; West Haven Bank and Trust; Windsor Locks Trust and Safe Deposit. The receiver for the Naugatuck Bank and Trust company will resign at a hearing to be held here next Wednesday morning at 11 o'clock.