gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cc596e74dfc559cf
Response Measures
None
Description
Bank is in receivership and being liquidated; no runs reported in the articles.
Events (5)
1.November 6, 1936Receivership
Newspaper Excerpt
The receivers for the Central Industrial bank were granted a reduction of bond to $5,000 and also an extension of one year in which to
Source
newspapers
2.March 18, 1938Other
Newspaper Excerpt
RECEIVER MEETS COLD RECEPTION ... Attorney A. L. Finkelstein, receiver of the Central Industrial bank, which is in the process of dissolution, today reported ... efforts to dispose of the remaining assets ... met with 'a cold reception'.
Source
newspapers
3.March 19, 1938Other
Newspaper Excerpt
ORDER FOR BANK ASSETS APPROVED Acceptance of $2,000 Offer Ordered By Judge Frank McEvoy ... This procedure practically completes the receivership.
Source
newspapers
4.March 25, 1938Other
Newspaper Excerpt
$2,000. DIVIDEND FROM BANK URGED ... the receivership is in the final processes, and the only step remaining is to file dissolution papers.
Source
newspapers
5.March 26, 1938Other
Newspaper Excerpt
Dividend Payment of a 2 1-2 per cent dividend to depositors of the Central Industrial Bank was approved in Superior Court ... The dividend, which will be the final one, will bring the total payment to 47 1-2 percent.
# RESERVE VERDICT
# IN APPEAL TODAY
Bank Receivers Granted
Bond Reduction; Three
Divorces Continued
Appeal of a compensation award made by Commissioner James M. Lynch was heard before Judge John A. Cornell at the short calendar session of superior court today, but decision of the case was reserved.
The award was made in favor of George A. France, an employe of William D. Munson of Middlebury, but it is contested, on several grounds, that France was eligible for compensation. Attorney John H. Cassidy presented the appeal for Mr. Munson, with Attorney Michael V. Blansfield upholding the decision.
The receivers for the Central Industrial bank were granted a reduction of bond to $5,000 and also an extension of one year in which to
Decision was reserved on an application for an allowance to the attorney for the directors of the Central Industrial Bank, in dissolution. In the case of the Waterbury Savings Bank against Michael T. Hayes and others, decision was reserved on an application for acceptance of the receiver's final account and discharge of the receiver. Mrs. Phoebe Mary Lanouette Soucy was granted an allowance of $50 to defend an action brought by Lionel Joseph Soucy. In the application in the case of the Waterbury Savings Bank against the heirs of John H. Cooney, and others, for acceptance of the receiver's final account and discharge of the receiver, decision was
RECEIVER MEETS COLD RECEPTION Finkelstein Suggests to Judge That $2,000 Offer Be Approved Attorney A. L. Finkelstein, receiver of the Central Industrial bank. which is in the process of dissolution, today reported to Judge Frank P. McEvoy in superior court that his efforts to dispose of the remaining assets of the bank had been met with "a cold reception" of late. The assets consist of several notes. long overdue, and one piece of property. Mr Finkelstein suggested to Judge McEVoy that an offer of $2000 be approved. He said that under orders from the court he had sought bidders. in an effort to wind up the receivership. Judge McEvoy reserved decision.
ORDER FOR BANK ASSETS APPROVED Acceptance of $2,000 Of= fer Ordered By Judge Frank McEvoy Order for the acceptance of a $2,000 offer for the remaining assets of the Central Industrial Bank was handed down in superior court today by Judge Frank P. McEvoy. This procedure practically completes the receivership. Attorney A. L. Finkelstein, receiver, explained to Judge McEvoy yesterday that the assets consist of several notes and one piece of property. He said his attempts to arouse bids for the assets had been met "with a cold reception." The purchaser of the assets has' asked the receiver not to release it for publication. The man is a client of Attorney Perry Graicerstein.
$2,000. DIVIDEND FROM BANK URGED Judge McEvoy Takes Sug= gestion of Receiver Under Consideration / Judge Frank P. McEvoy in superior court today took under advisement the suggestion of Attorney A. L. Finkelstein, receiver for the defunct Central Industrial Bank, that depositors be paid a final dividend of 2 1-2 per cent. In all the dividend would total about $2.200. The receivership is in the final processes, and the only step remaining it to file dissolution papers. There is about $3,500 on hand at the present and after payment of the dividend there would be $1,300, of which $100 more will be spent for expenses. Attorney Finkelstein suggests that the remainder be allowed to him as a fee for his services during the past three and one half years.
Dividend Payment of a 2 1-2 per cent dividend to depositors of the Central Industrial Bank was approved in Superior Court yesterday by Judge Frank P. McEvoy. The dividend, which will be the final one, will bring the total payment to 47 1-2 percent. Judge McEvoy reserved decision on the request of Attorney Alfred Finklestein for payment for legal services as receiver.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
