Sanditz & Traurig Bank - Waterbury, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 12, 1935
Location: Waterbury, Connecticut (41.558, -73.051)

Metadata

Model: gpt-5-mini
Short Digest: e6cfe9f4

Response Measures

None

Description

The article (dated 1935-04-13) describes Sanditz & Traurig Bank as already closed and in the hands of a receiver (Waterbury National Bank). No run or depositor run is described. The receiver's report was filed 'yesterday' (i.e., 1935-04-12). Receiver is preparing a dividend — this is a suspension with receivership and permanent closure.

Events (2)

1. April 12, 1935 Receivership

Newspaper Excerpt: report of the doings of the receiver, the Waterbury National Bank, was filed in superior court. The report shows the receiver now has cash on hand of $11,654.12 ... to make a 10 per cent dividend to depositors.
Source: newspapers

2. April 12, 1935 Suspension

Cause: Government Action
Cause Details: Bank had been closed and placed in receivership; Waterbury National Bank acting as receiver.
Newspaper Excerpt: report of the doings of the receiver, the Waterbury National Bank, was filed in superior court. Possibility of a dividend to depositors of the closed Sanditz & Traurig Bank
Source: newspapers

Newspaper Articles (1)

1. April 13, 1935 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, April 13, 1935

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Article Text

Sanditz- Traurig May Have Dividend Soon Depositors May Receive It Late in the Summer-Re= port of Waterbury National Bank, as Receiver, Was Made Yesterday Possibility of a dividend to depositors of the closed Sanditz & STANLEY MORIN Traurig Bank some time in the late summer, probably in September, loomed to-day when the reguASKS $15,000 IN lar report of the doings of the receiver, the Waterbury National Bank, was filed In superior court. ASSAULT CASE The report shows the receiver now has cash on hand of $11,654.12 and needs but about $3,000 more Donato, Dominic Marsele in order to make a 10 per cent dividend to depositors. Accused of Causing May Realize Cash It is expected that the receiver Loss of an Eye by following along the lines it has for the past few months will be Damages of $15,000 are claimed able to realize the cash needed for in an assault and battery action the dividend payment. instituted in the common pleas The report of the same receiver court to-day by Stanley Morin of for the Kazemekas & Co. bank is this city against Donato and Domnot as bright as far as dividend enic Marsele. Loss of his right payments to depositors is coneye as a result of a beating he 11cerned. The report shows cash on leges he suffered from the hands hand of $10,119.41 but about of the two defendants, forms the $30,000 is needed for a ten per basis for the suit, brought by Atcent dividend. It is possible, howtorney Irving W. Pasternak. ever, that the receiver might make Morin claims he was waiting for some effort. to bring the cash up a bus to take him to his home near the point where a dividend late in the evening of January 12. could be considered. 1935. It was a cold night so he Receipts For March stepped into a doorway near WolThe report shows receipts in the cott and East Main streets. While Sanditz case amounted to $833.70 in the hallway, the defendants are for the month of March. These alleged to have set upon the plainwere realized from the following tiff beating him with their fists payments: Industrial loans, $16. and a stick. bills discounted, $15; mortgage Made Unconscious (Continued on Page 2.) The plaintiff says he was ren-