1806. Kazemekas & Co. (Waterbury, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 29, 1934
Location
Waterbury, Connecticut (41.558, -73.051)

Metadata

Model
gpt-5-mini
Short Digest
8eb7252a

Response Measures

None

Description

All articles describe Kazemekas & Co. as a closed private bank under receivership with the Waterbury National Bank acting as receiver. No run or agitation is described. The bank remains closed throughout the period (1934–1937) with receiver reports, allowance motions, asset sales and bids called — consistent with a suspension followed by permanent closure/receivership.

Events (9)
1. December 29, 1934 Receivership
Newspaper Excerpt
the receiver for the Kazemekas & Co. and the Sanditz & Traurig banks ... grants the receiver $3,866.67 as a reimbursement to it for moneys paid employes who were loaned to the receivership by the receiver.
Source
newspapers
2. December 29, 1934 Suspension
Cause
Government Action
Cause Details
Bank had been closed and placed in receivership with the Waterbury National Bank acting as receiver; closure ordered/handled through court/receiver process.
Newspaper Excerpt
receiver for the Kazemekas & Co. and the Sanditz & Traurig banks should not be granted an allowance for services rendered at this time.
Source
newspapers
3. January 14, 1935 Other
Newspaper Excerpt
December reports of the Sanditz & Traurig and Kazemekas bank receiverships were filed by the receiver, the Waterbury National bank, in superior court today
Source
newspapers
4. October 3, 1935 Other
Newspaper Excerpt
Kazemekas & Co., receivership, instructions in regard to fire insurance;
Source
newspapers
5. October 28, 1935 Other
Newspaper Excerpt
Receipts in the Kazemekas case were $5,360.71 and disbursements were $3,844.10. The largest receipts were rents of $3,599.40.
Source
newspapers
6. April 15, 1936 Other
Newspaper Excerpt
Kazemekas Co. Sanditz, Traurig Co. Have No Dividends Coming ... statement for Kazemekas & Co., shows that the sum of $660.46 set aside for dividends.
Source
newspapers
7. June 26, 1936 Other
Newspaper Excerpt
The Waterbury National Bank, receiver for the Sanditz and Traurig Co., and the Kazemekas & Co., private banks, was granted allowances today by Judge Edwin C. Dickenson.
Source
newspapers
8. September 21, 1936 Other
Newspaper Excerpt
Sealed bids for the remaining assets of the Kazemekas & Co. private bank must be submitted to the receiver, the Waterbury National Bank, by 10 o'clock tomorrow.
Source
newspapers
9. March 30, 1937 Other
Newspaper Excerpt
Instructions by the court in the matter of turning over $2,788.68 to the state treasury is asked today in a motion filed in superior court by the Waterbury National bank, as receiver for Kazemekas & Co.
Source
newspapers

Newspaper Articles (10)
1. December 29, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 29, 1934

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Article Text

BANK'SPETITION FOR FEES DENIED No Allowance for Services Granted to Waterbury National Bank / Monday morning at 11 o'clock was the time set for a hearing on the application for allowance to the receiver for the Merchants Trust Co., following a chamber hearing before Judge John A. Cornell late yesterday afternoon. Counsel for the receiver, the Citizens & Manufacturers National Bank and opposing counsel, were heard by Judge Cornell yesterday. In addition to Attorney William E. Thoms, receiver's counsel, Lewis S. Reed, executive vice-president of the Citizens & Manufacturers National bank and Robert Leach, vice-president of the same bank, in charge of the Merchants Trust Co. receivership, were present. Attorney Harry J. Beardsley appeared at the hearing for Attorney Michael V. Blansfield who is laid up with the grippe at his home. Before the hearing yesterday, Judge Cornell handed down a decision in which he held that the receiver for the Kazemekas & Co. and the Sanditz & Traurig banks should not be granted an allowance for services rendered at this time. He suggested the receiver, the Waterbury National bank, wait until later when it is determined what the position of the depositors of the two closed banks will be, before asking for an allowance for services rendered. He grants the receiver $3,866.67 as a reimbursement to it for moneys paid employes who were loaned to the receivership by the receiver.

2. January 14, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, January 14, 1935

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Article Text

December reports of the Sanditz & Traurig and Kazemekas bank receiverships were filed by the receiver, the Waterbury National bank, in superior court today The reports show- more expenditures than receipts in each case because deductions were made for counsel fees to Attorney L. Russell Carter and for reimbursements to the receiver for moneys paid out to its clerks in the operation of hte receivership. Receipts in the Kazemekas & Co. receivership, amounting to $905.98. include: Industrial loan payments, $22; time and demand loan payments, $182; interest, $67.73; rents,

3. October 3, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 3, 1935

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Article Text

Nineteen motions in civil cases are slated to be heard by Judge Newell Jennings at the short callendar session of superior court tomorrow morning. In addition, four divorce suits are scheduled to be heard. The motion. include receivership and foreclosure matters. together with motions in divorce proceedings. The calendar includes: Kazemekas & Co., receivership, instructions in regard to fire insurance; Waterbury Mutual Loan Association, Inc., receivership, advice as to sale of assets of the corporation; Merchants Trust Co., receivership, permission to sell property held by F. W. Judson, trustee; Sanditz & Traurig Co., receivership, instructions in regard to mortgage on 204 Alder street property. George E. Sokoloff against Wil-

4. October 28, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 28, 1935

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Article Text

Receiver Reports On Closed Banks Profits Feature Semi-Annual Accountings of Receiv= ership for Sanditz-Traurig, Kazemekas Co. deduction of disbursements from reProfits of $4227.65 for the Sanditz ceipts for the last six months. & Traurig receivership and $1,516.62 The receipts in the Sanditz case for the Kazemekas & Co. receivercase bring the cash to $15,881.77 which appears more than is necesship are noted in the semi-annual sary for a 10 per cent dividend to reports of each case filed by the redepositors, for the total claim of deceiver, The Waterbury National positorsis $105,984.39. Bank in superior court today. The Cash on hand in the Kazemekas figures showing profits result from case is $11,536.03. Receipts in the Sanditz case were derived from mortgage loans of $3,538.55; rents $1,559.50; industrial Girl Scouts Aid loans of $131.91; bills discounted, $696.90; dividends, $216.50; interest Local Red Cross $272.54 and miscellaneous $169.52, making a total receipts of $6,585.42. Disbursements were $2,357.77. Among The Waterbury Council of the expenses were tax payments of Girl Scouts is assisting the $958.29, repairs of $406.01 and interAnti-Tuberculosis league in est payments of $630. preparations for its annual seal Receipts in the Kazemekas case sale, according to Miss Anna were $5,360.71 and disbursements G. Murphy, director of the sale. were $3,844.10. The largest receipts "If the enthusiasm of the girls is were rents of $3,599.40. Large exany criterion, we are headed for pense items were taxes of $1,737.21 another successful sale this and repairs, $835.19. year," Miss Murphy said.

5. December 13, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 13, 1935

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Article Text

JUDGE CONTINUES PLEA OF COUNSEL Application for Allowance to Attorney Carter Put Off a Week / An application asking an additional allowance to Attorney L. Russell Carter, counsel for the receiver for the Kazemekas & Co. and the Sandite Traurig banks, was continued a week by Judge Newell Jennings at the request of Attorney Michael V. Blansfield in superior court today. Attorney Blansfield, who represents the depositors of the Kazemekas bank, said no wished to inspect the latest reports of the bank before the court passed on the application. The application was presented in each case, and although Mr. Blansfield only appears for the Kazemekas depositors, the same continuance was applied to the Sanditz & Traurig motion. Judge Jennings informed Mr. Carter that if he grants the payment of a fee, the checks will be received before Christmas, regardless of whether the applications were heard today or next week.

6. April 15, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 15, 1936

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Article Text

BANK RECEIVER MAKES REPORT Kazemekas Co. Sanditz, Traurig Co. Have No Dividends Coming Monthly accounts filed by the Waterbury National bank, receiver for the Kazemekas & Co., bank and the Sanditz and Traurig Co., bank, give little promise of an early dividend for depositors in the two closed institutions. The statement for Kazemekas & Co., shows that the sum of $660.46 set aside for dividends. The statement for the Sanditz and Traurig Co., shows that the amount set aside for dividends for depositors is $2,308.82. Assets of Both Banks Kazemekas & Co., have assets totalling in value $417,350.08. Re. ceipts during the month were $959.22, principally in the form of rents for property owned by the bank. Disbursements totalled $621.05. Sanditz and Traurig have assets totalling $255,726.73. Receipts during the month were to the amount of $391.98, principally in the form of interest payments. Disbursements were only $3.50. The reports were submitted by Attorney Chase Kimball, trust officer for the Waterbury National bank. The reports will be submitted to Judge Earnest C. Simpson in the superior court Friday morning for approval.

7. May 11, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, May 11, 1936

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Article Text

DIVIDEND HOPES HERE GROW DIM Closed Private Banks' Re= ceiver's Report Shows Chances Slight Monthly reports of the Waterbury National bank receiver for Kazemekas & Co., and Sanditz & Traurig, closed private banks, offers little prospect of an early dividend for depositors in the two banks. The monthly statements were filed today with the clerk of the superior court. In the Kazemekas & Co., receivership, cash set aside for dividends amounts to $660.46, as against savings deposit claims of $264,702.15, and general deposits of $13,093.06. In the Sanditz & Traurig receivership each set aside for dividends amounts to $2.301.47. Savings deposit claims are $104,993.01. During the monthly period ending May 1, receipts in the Kazemekas receivership were $625.35, mainly in the form of rent, while disbursements. were $586.74. Receipts for Sanditz & Traurig in the month were $150.67. The reports for both closed banks were signed by Attorney Chase Kimball, trust officer for the Waterbury National bank. Assets of Kazemekas & Co., are listed at $417,896, and for the Sanditz & Traurig bank at $255,827.63 The reports show that a large amount of cash must yet be raised before dividend of even 5 per cent can be paid to depositors.

8. June 26, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, June 26, 1936

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Article Text

BANK RECEIVER GETS ALLOWANCE The Waterbury National Bank, receiver for the Sanditz and Traurig Co., and the Kazemekas & Co., private banks, was granted allowances today by Judge Edwin C. Dickenson. For services and disbursements in the Sanditz and Traurig matter, the receiver is allowed $1,202.73, and in the Kazemekas receivership, the bank is allowed $1,461.31. Motions for allowances were made in superior court last week and the previous week by the receiver. Statements of work done in connection with the receivership were also filed.

9. September 21, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, September 21, 1936

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Article Text

BIDS CALLED FOR ON BANK ASSETS Sealed bids for the remaining assets of the Kazemekas & Co. private bank must be submitted to the receiver, the Waterbury National Bank, by 10 o'clock tomorrow. Acceptance of the bids will be ruled on in superior court. The call for bids was ordered in superior court here last spring by Judge Edwin C. Dickenson after he had instructed the receiver to decline an offer made on behalf of an unidentified client by Bronson, Lewis & Bronson.

10. March 30, 1937 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, March 30, 1937

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Article Text

COURT ASKED TO INSTRUCT BANK Instructions by the court in the matter of turning over $2,788.68 to the state treasury is asked today in a motion filed in superior court by the Waterbury National bank, as receiver for Kazemekas & Co. The sum represents dividends which have been uncalled for by their owners. In a recent order, Judge Frank P. McEvoy advised the receiver to clear up the estate, and turn over unçalled for dividends to the state treasury for legal disposal. The court is asked to issue an additional order, dealing with the time of transfer, the manner, and notice to depositors.