1572. Hamden Bank & Trust Company (Hamden, CT)

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 1, 1933*
Location: Hamden, Connecticut (41.396, -72.897)

Metadata

Model: gpt-5-mini
Short Digest: 2d7b3851

Response Measures

None

Description

The bank was one of the institutions closed during the 1933 bank moratorium and remained in private/state receivership through at least 1936 (dividends paid by receiver). No article describes an antecedent depositor run; closure resulted from the 1933 moratorium/government action and the bank stayed in receivership. Dates: suspension tied to 1933 moratorium; receiver active in 1934 (requesting dividends) and payments approved mid-1934. OCR corrected minor wording; bank name and city consistent.

Events (4)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed as part of the statewide bank moratorium/closures in 1933 (state/government action)
Newspaper Excerpt: the closings in various parts of the state, resulting from the bank moratorium of 1933
Source: newspapers

2. March 2, 1934 Receivership

Newspaper Excerpt: Thomas J. Ryan, receiver for the Hamden Bank and Trust Company, for permission to pay a 5 per cent dividend out of fund of $620,000 in the bank.
Source: newspapers

3. June 15, 1934 Other

Newspaper Excerpt: Motions granted today by the superior court will permit the pay this month and early of $230,000 depositors by Hamden Bank & Trust Co.... This will bring paid depositors of the Hamden bank to ... per cent
Source: newspapers

4. April 21, 1936 Other

Newspaper Excerpt: Fourteen of Them Re- ported By Bank Receiv- er; Dividends Came... The banks involved are ... Hamden Bank & Trust Co.; ... the state banking commission reported shrinkage in assets of 14 closed banks
Source: newspapers

Newspaper Articles (5)

1. March 2, 1934 Hartford Courant Hartford, CT

Article from Hartford Courant, March 2, 1934

Click image to open full size in new tab

Article Text

Hamden Bank Receiver Plans More Dividends New Haven, March AP The Superior Court will be asked tomorrow by Thomas J. Ryan, receiver for the Hamden Bank and Trust Company, for permission to pay a 5 per cent dividend out of fund of $620,000 in the bank. The petition also includes a request to pay 15 per cent on $9000 which was not available when an earlier 15 per cent was paid to commercial depositors. For "placing" a million stars, a woman England has been honored with the degree of M A. at Ox-

2. April 6, 1934 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, April 6, 1934

Click image to open full size in new tab

Article Text

TWO MORE BANKS LIKED THE PLAN Petitioned for State Examination-Plan Got Start in Waterbury New Haven, Conn., April 6 (UP)-State banking department supervision of closed banks was made possible for the first time today when Superior Court Judge Ernest A. Inglis approved petitions of receivers for three closed banks for state examinations. Receivers for the Mechanics and Citizens Bank & Trust company, New Haven, and Hamden Bank & Trust Co., were the first group to act on suggestions of superior court judges who recommended the examinations at a recent meeting. The judiciary felt it would be beneficial to both the suspended institutions and their depositors to have periodic examinations made and the experience of the banking department afforded to share the responsibility in adjusting the in stitutions' affairs.

3. June 15, 1934 The Day New London, CT

Article from The Day, June 15, 1934

Click image to open full size in new tab

Article Text

Hamden Bank Payment Approved by Court NEW HAVEN June 15 Motions granted today by the perior court will permit the pay this month and early of $230,000 depositors by Hamden Bank Trust West Bank Trust Co. the Hamden will begin dividend $675,655.42 tomorrow This will bring paid deposithe Hamden bank to per cent Approximately $163,000 will distributed savings of the West Haven bank by ceiver, Haven bank another ten per cent divi-

4. July 25, 1935 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, July 25, 1935

Click image to open full size in new tab

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.

5. April 21, 1936 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, April 21, 1936

Click image to open full size in new tab

Article Text

ASSETS SHRINK IN CLOSED BANKS Fourteen of Them Re= ported By Bank Receiv= er; Dividends Came / Hartford, Conn., April 21-(UP) -An approximate shrinkage of $9,500,000 in the assets of 14 closed banks was reported today by the state banking commission, a part of which probably will be borne by depositors with claims ranging from 15 to 80 per cent. Since the closings in various parts of the state, resulting from the bank moratorium of 1933, assets were estimated to have fallen off from 31 to 21 million dollars. However, dividends declared under private receivership scaled from 20 to 80 per cent on savings accounts and from 15 to 50 per cent on commercial deposits. Took Over Them All The state bank department, by authority of the last session of the legislature, took over all receiverships last June and no additional dividends have since been granted. However, officials of the department indicated that when conditions warranted, the superior court would be petitioned for permission to reimburse both commersavings depositors in proto the portion cial and amount of liquidation. An improvement of nearly $1,000,000 in the condition of all of the banks was noted by commissioner Walter Perry in his report I to superior court late yesterday. Principal losses, thus far, have bene in the securities and mortgage fields. Banks Involved I The banks involved are the American Bank & Trust Co. and Commercial Bank & Trust Co., Bridgeport; Citizens Bank & Trust Co. and Broadway Bank & Trust Co., New Haven; Hamden Bank & Trust 1 Co.; Manchester Bank & Trust So.; 1 West Haven Bank & Trurst Co.; 1 Naugatuck Bank & Trust Co.; 1 Pawcatuck Bank & Trust Co., Stonington; Merchants Trust Co., Waterbury; Commercial Trust Co., New Britain; Unionville Bank & Trust Co.; Windsor Locks Trust & Safe Deposit Co.; City Bank & 8 Trust Co., Hartford.