Mutual Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: June 11, 1933
Location: Hartford, Connecticut (41.764, -72.685)

Metadata

Model: gpt-5-mini
Short Digest: 585cc42c

Response Measures

None

Description

Article indicates the Mutual Bank & Trust Company was taken over and placed under a receiver (City Bank receiver) and its assets were considered with City Bank's; court denied segregation. No run or reopening mentioned — this is a government/receiver action resulting in closure.

Events (2)

1. June 11, 1933 Receivership

Newspaper Excerpt: The receiver, who is represented by Robinson, Robinson & Cole... the Mutual Bank & Trust Company, which was taken over by the City Bank, The City Bank receiver is responsible for rentals accrued and unpaid at the his appointment under lease for the Mutual Bank quarters. lease was affirmed by the Supreme Court of Errors, but Mrs Judd's motion for segregation of the assets of the Mutual Bank from those of the City Bank was denied (Hartford Courant, 1933-06-11).
Source: newspapers

2. June 11, 1933 Suspension

Cause: Government Action
Cause Details: Taken over by City Bank; receiver appointed and assets handled by City Bank receiver; court denied segregation of Mutual Bank assets from City Bank's
Newspaper Excerpt: the Mutual Bank & Trust Company, which was taken over by the City Bank
Source: newspapers

Newspaper Articles (1)

1. June 11, 1933 Hartford Courant Hartford, CT

Article from Hartford Courant, June 11, 1933

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Article Text

pensation for his work since December 12. 1932. Mr. Hewes whose resignation was made necessary by his appointment as an Assistant of the Treasury, did not ask for a specific fee and did not recommend anyone as his successor A hearing on his motions will be held next Friday The receiver. who is represented by Robinson, Robinson & Cole. has been paid total of $21,500 for his work during 1932 Mr. Hewes also requested the court to allow Mrs. Florence Gates Judd $33 609 and disallow the balance of her claim of $23 68 for rent of quarters at 75 Pearl Street to the Mutual Bank & Trust Company, which was taken over by the City Bank, The City Bank receiver is responsible for rentals accrued and unpaid at the his appointmen under lease for the Mutual Bank quarters. lease was affirmed by the Supreme Court of Errors. but Mrs Judd's motion for segregation of the assets of the Mutual Bank from those of the City Bank was denied