Peoples Savings Bank - Pawcatuck, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 22, 1908
Location: Pawcatuck, Connecticut (41.377, -71.834)

Metadata

Model: gpt-5-mini
Short Digest: 7a435026

Response Measures

None

Description

Article (1908-01-22) states the receiver of People's Savings Bank of Pawcatuck paid a final dividend, implying the bank had been placed in receivership and the charter/operations closed. No run is mentioned in the excerpt.

Events (1)

1. January 22, 1908 Receivership

Newspaper Excerpt: The receiver of the People's Savings bank of Pawcatuck has paid during the year a final dividend of 22 3-10 per cent., which, with a previous dividend paid, makes a total of 72 3-10 per cent.
Source: newspapers

Newspaper Articles (1)

1. January 22, 1908 The Morning Journal-Courier New Haven, CT

Article from The Morning Journal-Courier, January 22, 1908

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Article Text

Upon the expiration of the restraining order, February 28. 1907. the Thompson Savings bank of Putnam commenced to pay its depositors in full and in July, 1907, deposits not called for were deposited with the treasurer of the state and the charter annulled, as provided by special act, approved March 19. 1907. There were 174d eposits uncalled for, amounting to $519.69. The restraining order to the Stonington Savings bank expires January 3. 1908. On December 28, 1907. a further order was issued. restraining payments to October 3. 1908. The Watertown Savings bank is still in the hands of Mrs. S. McLean Buckingham, receiver. The receiver of the People's Savings bank of Pawcatuck has paid during the year a final dividend of 22 3-10 per cent., which. with a previous dividend paid, makes a total of 72 3-10 per cent. The defalcation if the treasurer of New Britain was the Savings Bank excellency at the fully reported to ye rther examinatime it occurred. ar ers and investion by the commi have proved tigation by the