Kazemekas & Company - Waterbury, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 26, 1933
Location: Waterbury, Connecticut (41.558, -73.051)

Metadata

Model: gpt-5-mini
Short Digest: 8c5b8d68

Response Measures

None

Description

All articles describe Kazemekas & Company as a closed bank in receivership with the Waterbury National Bank acting as receiver. There is no mention of a depositor run; instead the corpus documents receivership administration, distributions, liquidation and court hearings. Therefore this is a suspension/closure with receiver (permanent closure).

Events (6)

1. April 26, 1933 Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership and is described as a closed bank; matters heard in superior court and Waterbury National Bank is receiver.
Newspaper Excerpt: several matters in connection with the receiverships of the Sanditz & Traurig and Kazemekas & Company banks were heard by Judge Frank P. McEvoy in superior court to-day.
Source: newspapers

2. July 21, 1933 Receivership

Newspaper Excerpt: The court gave permission to the Waterbury National bank, receiver for both banks, to accept a $2,700 offer ... included as an asset of the Kazemekas bank.
Source: newspapers

3. November 11, 1933 Other

Newspaper Excerpt: Reports of the Waterbury National Bank, receiver for the Sanditz & Traurig and Kazemekas & Company banks for the month of October, were filed in superior court to-day.
Source: newspapers

4. November 24, 1933 Other

Newspaper Excerpt: Receivers for three Waterbury closed banks have a total of $26,401.93 on hand waiting for owners to claim it... The Waterbury National Bank, receiver for the Sanditz & Traurig and Kazemekas Company, report an uncollected amount of $2,695.56.
Source: newspapers

5. June 9, 1934 Other

Newspaper Excerpt: Liquidation of assets in the Sanditz & Traurig and Kazemekas & Company banks during the months of May amounted to $6,707.56 according to the report of the receiver for both banks, the Waterbury National Bank, filed to-day in superior court.
Source: newspapers

6. December 14, 1934 Other

Newspaper Excerpt: Strong objection to the granting of fees to receivers for the closed Kazemekas & Company and the Merchants Trust Company banks was made by Attorney Michael V. Blansfield during a hearing in superior- court today before Judge John A. Cornell.
Source: newspapers

Newspaper Articles (6)

1. April 26, 1933 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, April 26, 1933

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Article Text

Five Uncontested Divorces Sought; 3 Bank Motions Amendment of Complaint Against John Calabrese Is Asked-Bank Seeks to Oust Hotel From Prem= ises-Mortgage Foreclosure Motions Brought By Merchants Trust Company closures, as does the motion in the Twenty motions in civil matters Kazemekas company. Real estate and five uncontested divorce acmatters are included in the Sanditz tions are scheduled for hearings at the short calendar session of the & Traurig Bank receivership matters. superior court before Judge John Another important motion is the Richard Booth Friday morning. on easking permission to amend Included in the civil matters are the complaint in the civil action of motions relative to the receiverWilliam Leach, administrator, ships in the Merchants Trust comagainst John Calabrese. The plainpany. Sanditz & Traurig company tiff in this suit is the husband of and the Kazemekas & Company. Mrs Jennie Leach who was killed The divorce actions are brought in a sand pit off the Plank road by by: - Amelia Stauch Ashmore Calabrese's truck. Calabrese reagainst James Ashmore; Marion cently was convicted on a manElizabeth Miller Robinson against slaughter charge and sentenced to Foster F. Robinson; Anna E. a year in jail. Brown against Leon F. Brown. Carmelia Daddona against Samuel Daddona and Carmella Locatelli against Ambrosio Locatelli. NO SUSPICION Another matter of importance will be the motion brought by the Colonial Trust company to oust OF FOUL PLAY the Hotel Waterbury, Inc, from the premises at West Main street. The plaintiff is the owner of the promises and the hotel is in receivJohn Owens Colored Died ership. The Merchants Trust company Following a Fall Last motions deal with mortgage foreSunday

2. July 21, 1933 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, July 21, 1933

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Article Text

ACCEPT OFFER ON BANK MORTGAGE Court Authorizes Actions in Two Receiverships ONE CONTINUANCE Several matters in connection with the receiverships of the Sanditz & Traurig and Kazemekas & Company banks were heard by Judge Frank P. McEvoy in superior court to-day. The court gave permisison to the Waterbury National bank, receiver for both banks, to accept a $2,700 offer in payment for a $4,700 mortgage owed by Angelina Davino. Permission was also given the receiver to bring suit against Sully Berman and others for the collection of a note in the amount of $196. The receiver was granted permission to accept $200 and deposits of $1,600 to release a third mortgage of $6,000 on Watertown property which had been appraised as of no value by court appraisers. The offer was made in the Eva Blazys case. Judge McEvoy continued until the flal session of the court, the application asking permission to bring suit against Anastasia Kazemekas for the collection of $46 house rent. The same action was taken in the application in regard to the offer of $5,600 for part of the property at City Hill street in Naugatuck, that is included as an asset of the Kazemekas bank.

3. November 11, 1933 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, November 11, 1933

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Article Text

BANK RECEIVER REPORTS ON TWO LOCAL HOUSES Financial Returns in Octo= ber for Sanditz & Trau= rig and Kazemekas -Reports of the Waterbury National Bank, receiver for the Sanditz & Traurig and Kazemekas & Company banks for the month of October, were filed in superior court to-day. Receipts of the receiver for the Kazemekas bank were swelled during the month by $1,288.34, representing dividend payments from the Merchants Trust company. The report shows that Kazemekas & Company receipts during the month were $2,267.67 as compared with expenditures of $1.917.43. Included in the expenditures were the sums of $1,479.73 and $152.06 paid the tax collector for the City of Waterbury on propcrty owned by the suspended bank. Receipts in the Sanditz & Traurig receivership were $1,723.86 with expenditures of $1,393.69. Included in the expenditures were a payment to the tax collector of the City of Waterbury of $862 for taxes and $216 to L. D. Traurig for insurance. Receipts in the Kazemekas receivership payments on: Industrial loans, $107.03; time and demand loans, $88.82; dividends. $44 and rents, $722.57. The dividend payments included $1,000 on the certificate of deposit in Merchants Trust company and $288.34 on the commercial accounts in the Merchants Trust company. Receipts in the Sanditz & Traurig case included payments on Industrial loans, $76: bills discounted, $41;; mortgage loans. $23: Waterbury rents, $294: Stamford rents. $1,012.50; interest, $95.47; dividends, $112, and miscellaneous, $67.89.

4. November 24, 1933 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, November 24, 1933

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BANK RECEIVERS HAVE MONEY FOR I DISTRIBUTION on Total of $26,401.03 Hand Awaiting Call of the Owners Receivers for three Waterbury closed banks have a total of $26,401.93 on hand waiting for owners to claim it. The sum represents the amounts in the Merchants Trust company, Sanditz & Traurig company and the Kazemekas & company that have been declared as due depositors by dividends, yet remain at the banks because the depositors have either not cashed the dividend checks sent out as in the case of the Merchants Trust company or have not called for their dividends as is the case in the Sanditz & Traurig company and the Kazemekas & Company. The Merchants Trust company reports $23,706.37 as uncollected by the depositors, according to the Citizens & Manufacturers National Bank, receiver. The Waterbury National Bank, receiver for the Sanditz & Traurig and Kazemekas Company, report an uncollected amount of $2,695.56. Of that sum, $1,548 is in the Kazemekas company and 1,147.56 is in the Sanditz & Traurig company. Although the balance in savings and commercial dividends represent negligible amounts as compared to the sums declared for (Continued on Page 17.)

5. June 9, 1934 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, June 9, 1934

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Article Text

LIQUIDATION OF MAY ASSETS FOR TWO CITY BANKS Sanditz and Traurig With Kazemekas & Company Turn in $6,707.56 Liquidation of assets in the Sanditz & Traurig and Kazemekas & Company banks during the months of May amounted to $6,707.56 according to the report of the receiver for both banks, the Waterbury National Bank, filed to. day in superior court. In the Kazemekas bank, the liquidation amounted to $4,704.91 and in the Sanditz rank, $2,002.65. The Kazemekas bank now has cash on hand of $8,111.29, while the other bank has but $2,811.43 on hand. Disbursements in the Kazemekas receivership for the month amounted to $1,838.33. Included in this amount is the sum of $1,458.68 paid the City of Waterbury for taxes on property held in the recelvership. The biggest item in receipts for the month resulted from the sale of property in Union City, owned by the Kazemekas bank, for $3.340.87. Other receipts included: Industrial loans, $90.50; time and demand loans, $77; mortgage loans, $5; interest, $362.45; rents, $814. In the Sanditz receivership the disbursements amounted to $2.958.70. Of this amount, taxes totaling $999.70 were paid the City of Waterbury on real estate held by the receivership and $1,271.23 was paid the City of Stamford. Receipts were realized from the fol. lowing liquidation: Industrial loans, $62; bills discounted, $215; collateral loans, $50; mortgage loans, $20; interest, $266.53; miscellaneous. $59.62: Stamford rents, $992.50 and Waterbury rents, $337.00.

6. December 14, 1934 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, December 14, 1934

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OBJECTION RAISED TO BANK FEES Attorney Blansfield Enters Strong Protest at Court Hearing To-day BILLS SHOULD BE DISCUSSED IN OPEN Discussion Next Week Be= fore Judge Cornell Will Be Held Strong objection to the granting of fees to receivers for the closed Kazemekas & Company and the Merchants Trust Company banks was made by Attorney Michael V. Blansfield during a hearing in superior- court today before Judge John A. Cornell. Attorney Blansfield charged that the bills of the receivers should be discussed in open court at a public hearing, and not in private and that the accounting of the services rendered should be set up in an itemized statement. The Citizens & Manufacturers National Bank presented an application for allowance for services rendered as receiver for the Merchants Trust Company last week. The Waterbury National Bank presented its application for services rendered as receiver for the Kazemekas & Company and Sanditz & Trurig banks today. There was no objection made in the Sanditz case. Mr Blansfield said he was appearing in the interest of depositors of the Kazemekas and Merchants Trust Company banks. Asks Statements Prepared Judge Cornell asked counsel for the receivers. Attorney William E. Thoms for the Citizens & Manufacturers National Bank and A:torney L. Russell Carter, counsel for the Waterbury National Bank. to prepare a statement and set next week as the time for further discussion of the matter. Attorney Blansfield after the court hearing said he recalled that when the Citizens & Manufacturers National Bank was named receiver for the Merchants Trust Company three years ago, officials of that bank announced they would ask no fees for services rendered until a[ter the receivership was, wound,up. $2,098 Fee Aked Ne said the Waterbury National Banks asks $2,098 for services rendered and for compensation paid its employes In the administration of the affairs of the Kazemekas & Company Bank. Mr Blansfield's statements duiing the court hearing came as a surprise since there never have been any strenuous objections made in open court to fees requested in the bank receiverships here. Made No Charges He said he believed the receivera should make. no charges for (Continued on Page 4.)