1797. Citizens National Bank (Waterbury, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
791
Charter Number
791
Start Date
December 1, 1931*
Location
Waterbury, Connecticut (41.558, -73.051)

Metadata

Model
gpt-5-mini
Short Digest
cff0099f

Response Measures

None

Description

Articles indicate the Citizens National Bank was in the hands of a receiver (receiver in place since December 1931) and counsel was being paid in 1932, consistent with a suspension and permanent closure/receivership. No newspaper text describes a depositor run; events reflect receivership and subsequent administration. OCR errors corrected (e.g., submitetd -> submitted).

Events (3)

1. February 9, 1865 Chartered
Source
historical_nic
2. December 1, 1931* Receivership
Newspaper Excerpt
The receiver of the Merchants Trust Co, pursuant to an order of this court, employed Judge Francis T. Reeves of Waterbury as counsel and he has performed all of the duties Incident to the employment ... since the inception the on December 1931.
Source
newspapers
3. November 17, 1932 Other
Newspaper Excerpt
The receiver ... directed to pay Judge Francis Reeves, counsel for receiver, the sum of fourteen thousand, five hundred dollars.
Source
newspapers

Newspaper Articles (2)

Article from The Waterbury Democrat, November 17, 1932

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Article Text

Attorney Reeves Is Granted Allowance (Continued from Page 1) Attorney Reeves submitetd itemized the work has done as counsel for the Citizens National bank, receiver, and explained that $2,000 of the $16,000 sought, comprises extra expense such typewriter purchase, extra clerical help, stationery, etc. states in his decision: "The receiver of the Mer- chants Trust Co, pursuant to an order of this court, employed Judge Francis T. Reeves of Waterbury as counsel and he has performed all of the duties Incident to the employment counsel since the inception the on December 1931. The volume work indicated by the file. Because of the volume and of the counse) found It necessary to increase his office expense account by very substantial amount. He celved no compensaiton for either services or expenses. "The application of an allowance to counsel is and the ceiver directed to pay Judge Francis Reeves, counsel for receiver, the sum of fourteen thousand, five hundred dollars. This payment is not however, regarded the court as adequate compenfor the expenses the nor is regarded being in full payment for services and up October 31, 1932, the date to which his memorandum services runs. It payment to be taken into conupon any application an allowance, including such allowance may made upon the winding up of the re.


Article from The Waterbury Democrat, June 13, 1934

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Article Text

Younger Element In Union Takes Bit In Its Teeth of the leadership began to take the bit in their early strike that time all lodges had been their respective uniform contracts signed demand simultaneously shop which an lodge recognise that for which members of the simultaneous refusal made. contended that represents less steel more, they would not because be a preliminary closed shop. Asks Only Recognition union takes the postthat does ask the closed accordthe of NRA, which majority. claims represent to or 75 per steel probably nearer cent. more the large already behind with dues and showing tendency to away practical results be shown. committed to the strike there was nothing do but and "hoopgroups united strike and this done some of the negotiations in WashBesides the potential clevage within the ranks the AmalgaSteel and Metal Work. Industrial Union was thrown situation communsweeping demands. Communists in Picture actual membership gible, partof the announced foothold heavy ways factor lining up and disaffected elements in the unions, not Hurriedly presented dozen from to 90 cent the employes opposed to Many averred they would on working, strike or But well known that minority of union members cent can often. mass picketing, effectivestrike plant where 80 or 85 per cent to work. No the extent of the possible by union votes nor union claims. Wages are not primarily at stake today, nor though wage Increase demand Hours been reduced through the codes to maximum Wages, the per amove with employment almost per cent pay was granted last but, despite the high wages, the mills for weekly of Prepare for Conflict have been made both sides to fight. Many the steel plants believed built barracks capable housing indefinitely Inside the plants workers wish to continue employers that they will prothem. The steel practiced the industrial also making careful plans picketing other activities. strike and protracted This IN the stage setting for conflict may the recovery battle that centers around one ble word: (THE END) Jennie Waterbury Savings Bank Samuel Zacks: Waterbury Savings Bank Mary Sweeney Savings Bank Samuel Waterbury Savings DeBonis: Waterbury Hoospital Represen tatives, etc. Samuel Winestine: Prudential Insurance company Antonio Rinaldi: terbury Savings Max Jones; Savings Bank Thomas Mabel Atwood VS W. Savings Bank Bank Clarlo: James Lillian Thomaston Bank Citizens National National Bank receiver, Matthew Murphy: Peasley Mary Ricel: Michael Pomponio E. Smith Florence National Bank, Joseph Singer: Citizens National receiver, Anna Waterbury Building Loan Inc. Burr Smith: Carney VN Henry Smith Harold Barnacle.