East Hampton Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 1, 1937*
Location: East Hampton, Connecticut (41.576, -72.503)

Metadata

Model: gpt-5-mini
Short Digest: bfd4269b

Response Measures

None

Description

The article (Nov 8, 1937) refers to the closing of the East Hampton Bank and Trust Company and criminal charges connected with that closing. No run is mentioned; the bank was closed (suspended) and appears to have led to permanent closure. Cause is bank-specific adverse information (criminals/stolen securities).

Events (3)

1. November 1, 1937* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closing tied to conspiracy and interstate transportation of stolen securities involving bank employees and others.
Newspaper Excerpt: in connection with the closing of the East Hampton Bank and Trust Company
Source: newspapers

2. November 8, 1937 Other

Newspaper Excerpt: George Brott and Harry E. Price, accused of conspiracy and interstate transportation of stolen securities in connection with the closing of the East Hampton Bank and Trust Company, were given suspended sentences ... Miss Eleanor Katz, former employe of the bank entered a plea of nolo contendere to a charge of conspiracy ...
Source: newspapers

3. * Receivership

Newspaper Excerpt: closing of the East Hampton Bank and Trust Company
Source: newspapers

Newspaper Articles (1)

1. November 8, 1937 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, November 8, 1937

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Article Text

SENTENCES ARE SUSPENDED New Haven, Conn., Nov. 8 - (U. P.)-George Brott and Harry E. Price, accused of conspiracy and interstate transportation of stolen securities in connection with the closing of the East Hampton Bank and Trust Company, were given suspended sentences of 18 months each when arraignfed today in U. S. district court. Miss Eleanor Katz, former employe of the bank entered a plea of nolo contendere to a charge of conspiracy and sentence was deferred for two weeks by Judge Carroll C. Hincks.