Sanditz & Traurig bank - Waterbury, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 12, 1937
Location: Waterbury, Connecticut (41.558, -73.051)

Metadata

Model: gpt-5-mini
Short Digest: 86bc3911

Response Measures

None

Description

Article (The Waterbury Democrat, 1937-04-12) reports Sanditz & Traurig bank is under receivership of the Waterbury National Bank and a receivership statement was filed in court. No run is mentioned and no explicit statement that the bank suspended payments appears in the excerpt, but the assignment of a receiver indicates the bank remained closed/permanently out of normal operations, so I classify as suspension_closure. If stricter interpretation required (no explicit suspension), 'other' could be considered.

Events (2)

1. April 12, 1937 Other

Newspaper Excerpt: Assets are listed as $238,913.06 with liabilities of a corresponding figure. Stocks and bonds held by the bank total $22,145. Cash amounts to $8,652.30; amount set aside for dividends is $3,217.78. Attorney Chase Kimball is the officer in the receivership.
Source: newspapers

2. April 12, 1937 Receivership

Newspaper Excerpt: Statement of assets and liabilities of the Sanditz & Traurig bank, which is under the receivership of the Waterbury National bank, for the period January 1-April 1, 1937, was filed today in the superior court for approval of the court.
Source: newspapers

Newspaper Articles (1)

1. April 12, 1937 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, April 12, 1937

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Article Text

ASSETS OF BANK TOTAL $238,913 Statement of assets and liabilities of the Sanditz & Traurig bank, which is under the receivership of the Waterbury National bank, for the period January 1-April 1, 1937, was filed today in the superior court for approval of the court. Assets are listed as $238,913.06 with liabilities of a corresponding figure. Stocks and bonds held by the bank total $22,145, cash amounts to $8,652.30, and the amount set aside for dividends is $3,217.78. The expense account for the period was $61,638.60. Liabilities include claims of savclaims of Christmas club depositors of $847.91. Receipts during the period included $40.88 received from industrial loans. Attorney Chase Kimball is the officer in the receivership.