National Bank - Vergennes, VT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1364
Charter Number: 1364
Start Date: August 20, 1901
Location: Vergennes, Vermont (44.167, -73.254)

Metadata

Model: gpt-5-mini
Short Digest: 19ca5d5a

Response Measures

None

Description

Article (Vergennes, Aug. 20, 1901) states the National Bank is 'defunct' and a receiver (Sullivan) is paying dividends to depositors; bank is in receivership and remains closed. No run described.

Events (2)

1. June 29, 1865 Chartered

Source: historical_nic

2. August 20, 1901 Receivership

Newspaper Excerpt: The Comptroller of the currency has declared another 25 per cent dividend to the depositors of the defunct National Bank and Receiver Sullivan said that there was enough money on hand to pay a 40 per cent dividend now...
Source: newspapers

Newspaper Articles (1)

1. August 30, 1901 Barre Evening Telegram Barre, VT

Article from Barre Evening Telegram, August 30, 1901

Click image to open full size in new tab

Article Text

PAYING IT BACK Vergennes, Aug. 20 - The Comp. troller of the currency has declared another 25 per cent dividend to the depositors of the defunct National Bank and Receiver Sullivan said that there was enough money on hand to pay a 40 per cent dividend now but it 18 the policy of tbose having the matter in hand to keep a certain amount in reserve to meet any contingent liabilities that may arise.