Sanditz & Traurig bank - Waterbury, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 25, 1935
Location: Waterbury, Connecticut (41.558, -73.051)

Metadata

Model: gpt-5-mini
Short Digest: 7e1471b9

Response Measures

None

Description

Article (1935-10-25) discusses the bank in receivership and proposes a 10% dividend to depositors before paying receiver's fee. No run or suspension event is described in the article; the bank is already in receivership (permanent closure). Receiver named is Waterbury National Bank. Date given is the newspaper date and likely reflects ongoing receivership proceedings.

Events (1)

1. October 25, 1935 Receivership

Newspaper Excerpt: Suggestion that a dividend of ten per cent be paid depositors of Sanditz & Traurig bank... during a hearing before Judge Newell Jennings... discussion of the affairs of the receivership... the Waterbury National bank, was brought up
Source: newspapers

Newspaper Articles (1)

1. October 25, 1935 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, October 25, 1935

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Article Text

Suggests Payment Of 10% Dividend Suggestion that a dividend of ten per cent be paid depositors of Sanditz & Traurig bank, before another fee is granted to the receiver was made by Attorney Max R. Traurig during a hearing before Judge Newell Jennings in superior court today. The matter came to the court's attention during a discussion of the affairs of the receivership that are brought up periodically. Attorney L. Russell Carter had asked the court's advise on whether the receiver sell certain securities held in the receivership. The court suggested the securities be held for the present. When the matter of granting an allowance to the receiver, the Waterbury National bank, was brought up, Attorney Traurig addressed the court stating there was sufficient cash for a dividend of 10 per cent and that it ought to be paid before an allowance or any other administration fee is granted. The court reserved decision.