Waterbury National Bank - Waterbury, CT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 780
Charter Number: 780
Start Date: July 1, 1935*
Location: Waterbury, Connecticut (41.558, -73.051)

Metadata

Model: gpt-5-mini
Short Digest: dae6ac2c

Response Measures

None

Description

Article is a receiver's report (published 1935-08-15) describing the Waterbury National Bank in receivership. It states the bank had closed (total deposits when the bank closed about $150,000) and a receiver is paying dividends. No bank run or depositor panic is described in the text. I infer the bank was closed and placed in receivership (government action), hence suspension followed by closure.

Events (2)

1. July 1, 1935* Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in receivership; report is of the receiver for the Waterbury National Bank (payments and dividends being made by receiver).
Newspaper Excerpt: the doings of the receiver, the Waterbury National bank, for the month of July... The total deposits when the bank closed were about $150,000.
Source: newspapers

2. August 15, 1935 Receivership

Newspaper Excerpt: Reports of the receiver for the Waterbury National bank, for the month of July... The receiver has paid dividends of 25 per cent... The cash on hand as of Aug 1, is $10,680.61. The receiver shows a considerable profit over expenses.
Source: newspapers

Newspaper Articles (1)

1. August 15, 1935 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, August 15, 1935

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Article Text

WPA Registration Will Not be Ended Until September RED CROSS SWIM Arranging Women's Auxiliary D. A. V. Outing Sunday Merchants Dividend Surrounding Towns TESTS FINISHED Not Probable As Yet Not Canvassed Yet, Classes to Re-Open in Fall Not Enough Cash in Hands of Receiver For Closed Under Florence Turnbull Says City Manager Bank-Sanditz Receiver Shows Profit The American Red Cross swimReports of the receiver for the stocks, $108.25: interest payments, Kazemekas & Co. and Sanditz 17.48. The expense items included Waterbury About 60 Percent Finished Reveals Arthur ming class under the direction of payments for repairing property Traurig banks were filed today at Mrs. Howard Kraft completed its the office of the clerk of the suin the receivership and insurance Collins-Federal Regulations Provide Preference course Monday night with an imIn the Kazemekas case, the perior court, showing the doings ceipts for the month amounted to of the receiver, the Waterbury promptu swimming meet. During For Persons on Relief Rolls as of May $837. as against expenses of $659. National bank, for the month of the summer course of eight weeks. 72. The biggest item in the expense July. In the Sanditz case, the reStarted under instructions from ployables" is meantthose who were 28 girls and women won beginners' account was the payment of $404. ceiver shows a considerable profit federal relief authorities early in on the relief rolls during May and 4: to the Naugatuck tax collector. stripes, seven won intermediate over expenses. The receipts for who are able towork. June, the registration of all perthe month amounted to $2,458.63 Receipts included industrial lonas, stripes, and one girl passed the There are many unemployed sons eligible for employment un$52: time and demand loans, $200 as compared to expenses of $87.17. junior life saving test. Four girls who are not eligible unedr the der the WPA will not be completdividends, $52.75: rents, $504: misThe receipts bring the total cash ed for at least another month, work relief program rules. It is were working on the senior life cellaneous. $28.25. The cash on on hand to $14,176.56 which is less Arthur J. Collins, manager of the hoped that these persons may be saving test. Classes will reopen hand as of Aug 1, is $10,680.61. than the amount needed for a 10 again this fall under the guidance indirectly absorbed in paying jobs local office of the state employper cent dividend. The dividend is of Miss Florence Turnbull. by the program. ment service said today. Mr. Coldeclared on the amount the delins said the registration in WaterThe results of the races Monday positor owned at the time the bank night follow: bury was about 60 per cent comclosed. The total deposits when Daily Statistics pleto, but that most of the surMRS. HELEN BROPHY MRS. ISABELLE MARTONE Beginners' race, width of the MRS. ELIZABETH FAHEY the bank closed were about $150.GUARDS PREPARE pool, free style: Won by Sally 000. The receiver has paid diviPlans were completed for the annual outing of the Women's Auxiliary of the Disabled American VetOn Auto Accidents Deschenes; 2d, Lillie Gusatferri; dends of 25 per cent whic hbring be erans at Lakewood Park Sunday at the home of Mrs. Helen Brophy Tuesday evening. The affair will back stroke, won by Lillie Gustathe total deposits down to $105,FOR WAR GAMES held rain or shine. The reception committee includes: Mrs. Elizabeth Fahey, commander, ferri; 2d, Sally Deschenes; life 403.98. 1935 1934 and Mrs. Helen Brophy; ticket, committee, Mrs. Isa belle Martone, Mae Aylward and Jeannette Rice; savers' 20 yard dash, free style, Attorney L. Russell Carter, coun9,229 8,956 Accidents general refreshment committee: John Brophy, Fred Schell, Walter Overton, Emil Schultz, Michael Calwon by Barbara Siens; 2d, Edna sel for the receiver stated today Local Members Concen258 239 Fatalities Jahan, Michael DeZinno, Timothy Madden, Mary Delaney, Mary Madden, William Finlay, Chris Delaney, Kraft; diving exhibition, won by that another dividend of 10 per Injuries 7,352 7,648 Mary Hopkins, Germaine DeZinno, Florence Palladino, Jane Meyer, Delma DeAngelo, Harry Dutton, Edna Kraft; 2d. Lorraine Kraft; cent would be declared, if the KILLED. Josephine Donahue and Anna Schell. The state department, chapter and auxiliary, will meet at the trate on Drills and Equip= beginners' race, second class, court approved, provided another 123 126 Pedestrain Roseland ballroom, the women convening at 1 o'clock and the men at 3 p. m. All members are requested width, free style, won by Mary dividend were declared in the Mer131 to wear white uniforms. 111 ment at Armory Occupant chants Trust Co case. That hardly 4 2 Bicylist appears probable at this writing 25 27 Child With only two more days in because there is not cash enough Adult 233 212 Whose Steamroller which to prepare before leaving for in the hands of the receiver for the INJURED. Pine Camp New York and the most Merchants Trust Co. to pay an1,730 Pedestrain Eligibility Of Supers 1,835 Was Discussed? other dividend of 10 per cent. extensive maneuvers in the peace5,503 5,693 Occupant 119 120 Bicylist The receipts in the Sanditz case time history of the country, local A lengthy and detailed ar1,152 Child 1,348 included industrial lonas, $8; bills national guardsmen are concenticle in The Republican this Is Under Scrutiny Adult 5,884 6,108 discounted, $21,90; loans, $2,085; trating on final drills, the cleaning 192 316 morning anent yesterday aftAge Not Stated rents, $218; dividends received on and oiling of weapons and the ernoon's meeting of the nolice