Shelton Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 16, 1923
Location: Shelton, Connecticut (41.316, -73.093)

Metadata

Model: gpt-5-mini
Short Digest: e6c4c44b

Response Measures

None

Description

Article (New Britain Herald, 1923-03-16) reports the Shelton Bank & Trust Co. was in receivership, paid 100% to depositors, and the receiver was discharged. No run is mentioned in the excerpt; this is a failed (wrecked) bank that remained closed and had a receiver.

Events (2)

1. March 16, 1923 Other

Newspaper Excerpt: The judge commended Mr. Holcomb on the efficient manner in which he handled the receivership. The bank paid 100 per cent to depositors and stockholders received $90 a [share].
Source: newspapers

2. March 16, 1923 Receivership

Newspaper Excerpt: Former Governor Marcus Holcomb was discharged by Judge John W. Banks today from his duties as receiver for the Shelton Bank & Trust Co. ... The bank paid 100 per cent to depositors and stockholders received $90 a [share].
Source: newspapers

Newspaper Articles (1)

1. March 16, 1923 New Britain Herald New Britain, CT

Article from New Britain Herald, March 16, 1923

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Article Text

THROUGH AT BANK Former Governor Holcomb Relieved of His Duties as Receiver For The Wrecked Bank at Shelton. Bridgeport. March 16. - Former Governor Marcus Holcomb was discharged by Judge John W. Banks today from his duties as receiver for the Shelton Bank & Trust Co. The judge commended Mr. Holcomb on the efficient manner in which he handled the receivership. The bank paid 100 per cent to depositors and stockholders received $90 a shore. The outstanding claims against the bank total $1.111 and there is enough on hand to meet this. It was said Mr. Holcomb's bill for his expenses as receiver for two years was $100.