Clement National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 2950
Charter Number: 2950
Start Date: March 1, 1933*
Location: Rutland, Vermont (43.611, -72.973)

Metadata

Model: gpt-5-mini
Short Digest: 3de78940

Response Measures

None

Description

OCR-corrected text. Article (Boston Daily Globe, 1933-03-25) reports the Clement National Bank of Rutland opening with a conservator in charge after being closed by the Controller of the Currency. No run or depositor panic is described — this was a government-ordered closure and subsequent reopening under conservatorship during the 1933 banking actions.

Events (4)

1. May 14, 1883 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed by the Controller of the Currency (government conservatorship/holiday closures in March 1933).
Newspaper Excerpt: which was closed by the bank by Controller of the United States Currency
Source: newspapers

3. March 25, 1933 Reopening

Newspaper Excerpt: RUTLAND, Clement National Bank ... today the of Henry G. Smith Smith, president ... holiday ... bank opens - conservator in charge (OCR-corrected). The bank opens with a conservator in charge and had deposits of $2,956,000.
Source: newspapers

4. July 1, 1941 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 25, 1933 The Boston Daily Globe Boston, MA

Article from The Boston Daily Globe, March 25, 1933

Click image to open full size in new tab

Article Text

VT, BANK OPENS -CONSERVATOR IN CHARGE RUTLAND, Clement National Bank, one the largest the State, today the of Henry G. Smith Smith, president of the institution, holiday, which was closed by the bank by Controller of the United States Currency. The bank had deposits of $2,956,000.