Middlebury Savings Bank - Middlebury, VT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 2, 1865
Location: Middlebury, Vermont (44.015, -73.167)

Metadata

Model: gpt-5-mini
Short Digest: 5d7a2ae9

Response Measures

None

Description

Articles (June 1865) describe a receiver (John W. Stewart) in possession of the bank's assets, payment of dividends to creditors, and court proceedings to settle the receiver's accounts. No run or reopening is mentioned; bank is in receivership implying suspension and permanent closure.

Events (1)

1. June 2, 1865 Receivership

Newspaper Excerpt: John W Stewart, receiver in this cause, has filed in Court his petition, setting forth in substance that he has taken possession of all the assets of said Bank under his appointment as receiver thereof, and has converted them into money, so far as practicable; that he has made three dividends to the creditors of said Bank, two of ten per cent each and one of twenty per cent, out of assets; that he has now on hand the balance arising out of said assets, which ought to be divided as a final dividend among said creditors; that his accounts as receiver have never been settled, or his expenses or compensation allowed. It is ordered by said court... this 2d day of June, 1865. D. STEWART, Clerk.
Source: newspapers

Newspaper Articles (2)

1. June 21, 1865 The Middlebury Register Middlebury, VT

Article from The Middlebury Register, June 21, 1865

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Article Text

IN N CHANCERY.-Addisot County JUSTUS COBB VS. MIDDLEBURY SAVINGS BANK. Whereas John W Stewart. receiver in this cause, has filed in Court his petition, setting forth in substance that he has taken possession of all the assets of said Bank under his appointment as receiver thereof, and has converted them into money, SO far as practicable; that he has made three dividends to the creditors of said Bank, two of ten per cent each and one of twenty per cent, out of assets; that he has now on band the balance aris, ing out of said assets, which ought to be divided as a final dividend atrong said creditors; that his accounts as receiver have never been settled. or his expenses or compensation allowed. And fur. ther setting forth, that said creditors have not appeared in this cause, are numerous and widely scattered, and that personal service cannot be made on them without unreasonable delay and expense. And praying that a time and place may be fixed by the court for the hearing of said petition, and a proper order of notice to parties in interest made, and that on said hearing his said accounts may be referred to a trustee for examination and allowance, and that on the coming in of the trustee's report said accounts may be finally settled, his compensation and expenses allowed, a final dividend of said assets on band directed, and that on payment thereof he be discharged from said receivership. It is ordered by said court, that said petition be heard at Vergennes, on the 8th day of July, 1865, at 10 o'clock in the forenoon, and that notice thereof be given to all parties in interest by service of a copy of the petition and of this order on all parties who have appeared in this cause, at least twelve days before said hearing, and by publication of the substance of said petition and of this order in the Middledury Register newspaper for three weeks successively, the last publication to be at least ten davs before said hearing. By order of the court, this 2d dav of June, 1865. D. STEWART, Clerk. E. P. PHELPS, Sol. for Pet'r.

2. June 28, 1865 The Middlebury Register Middlebury, VT

Article from The Middlebury Register, June 28, 1865

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Article Text

IN CHANCERY.-Addison County JUSTUS COBB vs. MIDDLEBURY SAVINGS BANK. Whereas John W Stewart, receiver in this cause, has filed in Court his petition, setting forth in substance that be has taken possession of all the assets of said Bank under his appointment as receiv er thereof, and has converted them into money, so far as practicable ; that he has made three dividends to the creditors of said Bank, two of ten per cent each and one of twenty per cent, out of assets: that he has now on hand the balance arising out of said assets, which ought to be divided as a final dividend among said creditors; that his accounts as receiver have never been settled, or his expenses or compensation allowed. And fur. ther setting forth, that said creditors have not appeared in this cause, are numerous and widely scattered, and that personal service cannot be made on them without unreasonable delay and expense. And praying that a time and place may be fixed by the court for the hearing of said petition, and a proper order of notice to parties in interest made, and that on said hearing his said accounts may be referred to a trustee for examination and allowance, and that on the coming in of the trustee's report said accounts may be finally settled, his compensation and expenses allowed, a final dividend of said assets on hand directed, and that on payment thereof be be discharged from said receivership. It is ordered by said court. that said petition be heard at Vergennes, on the 8th day of July, 1865, at 10 o'clock in the forenoon, and that notice thereof De given to all parties in interest by service of a copy of the petition and of this order on all parties who have appeared in this cause, at least twelve days before said hearing, and by publicati in of the substance f said petition and of this order in the Middledury Register newspaper for three weeks successively, the last publication to be at least ten days before said hearing. By order of the court, this 2d day of June, 1865. D. STEWART, Clerk. E. P. PHELPS, Sol. for Pet'r. 11;3w