Merchants Trust Company (New York, NY)

Episode Information

Episode UID
4754227691607
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
475422769 hash
Start Date
November 1, 1933*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad3ead59ecdf33d7

Response Measures

None

Description

OCR errors in Article 1; receiver mentioned on 1933-11-11 and suspension referenced earlier in 1934 article.

Events (2)
1. November 1, 1933* Suspension
Cause
Government Action
Cause Details
Merchants Trust Company suspended operations (leading to closure and receivership); exact triggering mechanism not specified in articles.
Newspaper Excerpt
This bank closed right after the Merchants Trust company suspended operations.
Source
newspapers
2. November 11, 1933 Receivership
Newspaper Excerpt
application was filed ... by the Citizens and Manufacturers National Bank, receiver for the Merchants Trust Company.
Source
newspapers

Newspaper Articles (2)
1. November 11, 1933 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, November 11, 1933

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Article Text

New York Youth Bound O ver Under $5, 000 Rebel Chief, In Death's Shadow, Recruits His Men Receiver Q Pleads Not Guilty a Right On Two Counts And Bank Asks Court to Issu Waives Examination Receiversh An unusual application was filed Charles DeFesi, 19, Linked in Gambling House Holdin superior court to-day by the Citizens and Manufacturers National Bank, recetiver for the MerUp, Taken to County Jail to Await Superior chants Trust Company. It requests the superior court to issue an order Court Trial-Confesses Part in Crime instructing the receiver for the Sanditz and Traurig Company not to make a set off in an account in Joseph Stevens and Detective WilEntering a plea of not guilty and liam P. Foley. He has confessed which the Merchants Trust Comwaiving examination in police court Charles DeFesi, 19, of 139 to his part in the hold-up. He pany receiver is interested. claims that he searched the pockets West 28th street, New York city, The application states that Mornovt of the 17 lined " nagainat form bound

2. August 9, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, August 9, 1934

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Article Text

BRANCH BANK IN BROOKLYN OPENS NEXT OCTOBER Waterbury Savings Bank Is Now Preparing Quar= ters For the Opening Plans for opening the new Brooklyn branch of the Waterbury Savings Bank are being gradually completed. Edwin C. Northrop of the banking institution stated today that the branch bank will open on October 1st. At the present time a large crew of men is at work inside the building where the new branch wil be situated at 793 Bank street. The quarters were occupied up to some time ago by a grill. Prior to that time the building was OCcupied on the ground floor, by the former , Kazemekas bank. This bank closed right after the Merchants Trust company suspended operations. The officials of the Waterbury Savings bank estimated that approximately 20,000 of their depositors live in and around the Brooklyn district and that, therefore, the added service and convenience to the patrons of the in stitution is needed. The Waterbury Savings bank will be the only institution of its kind in the city with a branch. At the last session of the Legislature an act was passed authorizing the establishment of branch banking houses in the city. Since the nthe Dime Savings and West Side Savings banks merged with the Waterbury Savings bank.