1827. Waterbury Trust Company (Waterbury, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
February 12, 1932
Location
Waterbury, Connecticut (41.558, -73.051)

Metadata

Model
gpt-5-mini
Short Digest
6b6ec7a7

Response Measures

None

Description

Newspaper articles refer to the Waterbury Trust Co. as a closed bank with a receiver appointed and receiver's account accepted and discharged. No article describes a depositor run; the bank was in receivership (closed) and remained under receiver control through at least Jan 1933. Classified as suspension leading to closure (receivership).

Events (3)

1. February 12, 1932 Receivership
Newspaper Excerpt
Waterbury Receiver To Join Court ... for the Trust Company Judge Peasley the Superior Court join other receivers meeting to for the court discussed.
Source
newspapers
2. February 12, 1932 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and suspended operations; court and receiver involvement referenced in February 1932 article.
Newspaper Excerpt
Waterbury Receiver To Join Court ... for the Trust Company
Source
newspapers
3. January 27, 1933 Other
Newspaper Excerpt
The receiver's account was accepted in the case of the Waterbury Trust Co ... and the receiver was given his discharge.
Source
newspapers

Newspaper Articles (4)

Article from Hartford Courant, February 12, 1932

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Article Text

Waterbury Receiver To Join Court Query Supreme Court Errors tablish followed all bank the the recently completion. Attorney Francis Reeves, for the Trust Company Judge Peasley the Superior Court join other receivers meeting to for the court discussed.


Article from The Day, July 20, 1932

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Article Text

Court of Errors Gives Advice to Bank Receiver HARTFORD July 20 (AP)-Advice was given by the court of errors today to the Manufacturers National bank of receiver for the Trust Co. Waterbury, request Superior Judge Frederick M. Peasley Rulings the opinion by Chief Justice William M. Maltbie included the following receiver must keep records the the department separately, as did the bank before his Income collected on assets segregated the savings department should added to the segregated assets that departincome part of the general The must keep such records as will enable any expenses incurred for the benefit one department to be charged against it ultiThe supreme court answered to the question: "Has the of note held as an of the savings departand who has pledged his evidencing deposit that department set off of the dethe Attorneys for the receiver the Danielson Trust Co. filed brief in the case, but did not argue an opinion by Justice ChristoAvery, court ruled there the for Alice est and Al's Tire Service Garage, damages in Waterbury common court. Genest's not liable for the damage, the said, beusing the automobile for his own though was the garage "The that the the lend the car the belief spirit toward the company would be proved he would be more willing tice make the which engaged the time the accident, master's business.


Article from The Waterbury Democrat, January 27, 1933

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Article Text

Settles Issue In Superior Court To-day Short Calendar Sessions in Both Tribunals Brief$15,503 in Foreclosures Granted-Accept Receiver's Account in Trust Company Issue $200 is deducted from his account, The short calendar sessions in granted his request for a 10 per the superior and common pleas cent dividend on the $500 which courts to-day were brief in comwas not paid when other dividends were declared several months ago. parison with other weeks, when Four foreclosures totaling $15,the hearings lasted as late as 1 503.20 were granted. The follow. o'clock and some times were coning were entered in the superior tinued through the afternoons. court: West Side Savings bank Hearings in receiverships, forecloagainst Cirillo DIPletro and others, sures, pleas in abatements, demur$6,217; Waterbury Savings bank rers and other matters pertaining against Joel H. Solomon, $2,574; to civil actions were included in Waterbury Savings bank against to-day's session. Joel H. Solomon, $2,574.88. In the In superior court, Judge Fredcommon pleas court before Judge erick M. Peasley granted permisEdward J. Finn, George E. Comsion to the receiver for the Merstock was granted a judgment of chants Trust Co to make a set-off $4,137.32 against Julius Kleineiand pay dividend to a depositor dam. who was an endorser on a small The receiver's account was acnote. The endorser, Harry Goldcepted in the case of the Waterberg has $700 on commercial debury Trust Co against Anthony posit in the closed bank. but is Prislopsky and the receiver was endorser on a $200 note made out given his discharge. An allowance by his wife, Jennie. Mrs Goldberg of $24.30 was granted the receiver defaulted on the note to the Meragainst Cristina Cannelli, the rechants and the receiver called the in the case of Clarence W. Lines endorser to pay. He informed the ceiver's report was accepted and receiver he was not indemnified his discharge granted. Santo Va. against loss and asked for a set-off sile was appointed receiver in the of the amount of the note against case of Micele Santoro against his $700 deposit. The court grantSanto Vasile, a foreclosure action. ed the petition and also, after the


Article from The Waterbury Democrat, January 27, 1933

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Article Text

JUDGE GRANTS Settles Issue In Superior Court To-day Short Calendar Sessions in Both Tribunals Brief$15,503 in Foreclosures Receiver's Account in Trust Company Issue The short calendar sessions In the superior and pleas courts to-day were brief in comwith other weeks, when parison the hearings lasted as late as and some times were tinued. the afternoons. Hearings in receiverships, foreclosures, pleas in demurrers other matters pertaining to civil actions were included in session. In superior court, Judge Frederick Peasley permission to the receiver for the Merchants Trust Co to make set-off pay dividend to depositor an endorser small note. The Harry Goldberg has $700 on commercial deposit in the closed bank. but endorser on $200 note made out by his Jennie. Mrs Goldberg defaulted on the note the Merchants and the called the endorser pay. He informed receiver he not indemnified against loss and asked for set-off the amount of the note against his deposit. granted the petition and also, after the deducted from his granted his 10 cent dividend on the $500 which was not paid when other dividends months ago. Four totaling 503.20 were granted. The follow. entered in the superior court: West Side Savings bank against Cirille DiPietro and others, Waterbury Savings against Joel bank against Joel H. Solomon, In the common pleas court before Judge Edward Finn, George E. Comstock was granted judgment of against Julius KleineiThe receiver's account was accepted the case the Waterbury Trust Co against Anthony Prislopsky and the receiver given his An allowance the receiver against Cristina Cannelli, the rein the case of Clarence W. Lines report accepted and his discharge granted. Santo Va. sile was appointed receiver in the case Micele Santoro against Santo Vasile, foreclosure action.