Valley National Bank - Seymour, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5499
Charter Number: 5499
Start Date: August 12, 1905
Location: Seymour, Connecticut (41.397, -73.076)

Metadata

Model: gpt-5-mini
Short Digest: ff65c08b

Response Measures

None

Description

Article (New Haven, 1905-07-29) states Valley National Bank of Seymour voted to liquidate and wind up business on Aug 12; business to be taken over by the newly incorporated Seymour Trust Company. No run reported; voluntary liquidation and takeover imply permanent closure.

Events (3)

1. July 16, 1900 Chartered

Source: historical_nic

2. August 12, 1905 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to liquidate the bank and wind up business on August 12; operations to be taken over by Seymour Trust Company.
Newspaper Excerpt: At a meeting of the stockholders of the Valley National bank of Seymour, Conn., it has been voted to liquidate its affairs, winding up business on August 12. The business will be taken over by the Seymour Trust company, recently incorporated.
Source: newspapers

3. August 12, 1905 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. July 29, 1905 The Daily Morning Journal and Courier New Haven, CT

Article from The Daily Morning Journal and Courier, July 29, 1905

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Article Text

STOCK MARKET FEATURES STRENGTH WAS EVIDENT ALL AROUND. Stocks Responded Well to Satisfactory ConditionsSome Profit TakingSteels Were a Strong Feature-Consolidated Road's Good EarningsTalk of a Dividend on Rubber Common-U. P.-The Southern Stocks. Stocks were strong and buoyant yesterday, and responsive to the good conditions prevailing. Prices ran up easily. Lackawanna, now of the 400, surpassed its previous high record and rose to 4041/2, gaining 8 points easily. Steel common braced up and got to 351/s, and stayed there. Little attention was paid to a new report as to black rust in spring wheat. This was because the winter wheat harvest is so satisfactory and good needed rains have fallen in the corn belt, while spring wheat is doing tolerably well, The indications were that the outside public is nibbling well now. Missouri Pacific crossed par again and acted as if it was waking up from B Rip Van Winkle sleep. One of the earmarks of a professional market was very conspicuous yesterday, namely, the circulation of reports of all sorts of deals, melon-cutting" and the like. The market encountered heavy profittaking on the way up, but exhibited a somewhat remarkable absorbing power, and the advance suffered but little interruption at any time. Reports are that the New York, New Haven and Hartford road's earnings for the fiscal year ended June 30 will show a surplus of $300,000 after the payment of the 8 per cent. on the road's $80,000,000 of stock, and that June earnings for this year will exceed June's of last year by $700,000. The Erie second preferred dividend appears to have paralyzed the speculation in Erie common. The theory is urged that the new dividend was not in the line of conservatism. Stocks ruled strong in the late trading, with Amalgamated Copper and certain other specialties leading. The Pennsylvania group and others which led at the start were quieter. There seemed to be a little increase in the buying power. Union Pacific common and United States Steel preferred are still considered the most representative of the active lis, and their advances yesterday helped general bullish speculation. The running up of the southern group of railroad stocks had all the appearance of a professional .move to prevent those issues from sagging off on public selling, because of the inroads of yellow fever. The operations in Smelters and Amalare in founharmony, gamated Copper and both have being for their worked dation the strong position of the metals with which they are allied. Smelters crossed 120 for the first time since April, when it sold at approximately 124. At a meeting of the stockholders of the Valley National bank of Seymour, Conn., it has been voted to liquidate its affairs, winding up business on August 12. The business will be taken over by the Seymour Trust company, recently incorporated. Nobody in Wall street appeared to attach any importance to the story about Union Pacific getting Illinois Central. The men who circulated this story had something to do with the alleged "sale" of New York Central to Union Pacific last year, when they put the former up well above 165 and the latter to 137. Illinois Central and Lackawanna sold higher than ever before, and several shares, including Rubber common and Nickel Plate first preferred, touched the best prices of the year. Illinois Central crossed 175. Its best previous quotation was 173 1/2, made in 1902. There was again talk of a dividend for Rubcommon.