Cheshire Bank & Trust Company (Cheshire, CT)

Episode Information

Episode UID
51031671615
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
5103167 routing
Routing Number
51-0316
Start Date
July 3, 1934
Location
Cheshire, Connecticut (41.499, -72.901)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47a4ffaca75239e2

Response Measures

None

Description

Receiver and dividend motions indicate the institution was defunct and in receivership; no run is mentioned.

Events (3)
1. July 3, 1934 Suspension
Cause
Government Action
Cause Details
Bank is in receivership and described as 'late'; court and receiver handling dividends.
Newspaper Excerpt
Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so.
Source
newspapers
2. June 18, 1935 Receivership
Newspaper Excerpt
The receiver, the Second Ntaional bank of New Haven, states that $3,655.88 is on hand for the payment of expenses and to pay a further dividend in the commercial department. ... the filing of a motion by the receiver asking the advice of the superior court as to whether the payment of a dividend was advisable at the present time.
Source
newspapers
3. July 25, 1935 Other
Newspaper Excerpt
Other closed banks in the state are: ... Cheshire Bank and Trust; ... The receiver for the Naugatuck Bank and Trust company will resign at a hearing to be held here next Wednesday morning at 11 o'clock.
Source
newspapers

Newspaper Articles (4)
1. July 3, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, July 3, 1934

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Article Text

RICHARD GILLIS DIES IN ANSONIA Brother of Local Woman to Be Burned To-day; Californian Here CHESHIRE NEWS Corrpesondent--Gistav Galucci Phone 319 Mrs George W. Keeler received word late Sunday afternoon of the death of her brother, Richard GIIlis of Ansonila. Funeral services was held from his home this afternoon at 3 o'clock and burial was in Pine Grove cemetery, Ansonia. He is survived by his widow, a daughter, Mrs Morgan and a grandson, and his sister, Mrs Keeler, who is now the last one of a large family. "Dick". as he was affectionately called by his family and friends, was a resident of this town many years and is well remembered. E. H. Mix of Redondo Beach, Cal., a former resident of Cheshire has been calling on relatives and friends the past week. Mr and Mrs Harrison B. Faskett celebrated their 35th wedding anniversary. and Mrs Faskett's birthday Saturday, with a happy family gathering in the home, which was necessarily a quiet one owing to Mrs Faskett's recent recovery from illness. Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so. Installation of officers at L. A. Thomas Lodge, 1. O. O. F., will take place in Odd Fellows hall. Monday night, July 9. Mrs Walter C. Dailey is spending two weeks at her home here. having rented her cottage at Short Beach for that time. The Public Library will be closed Wednesday owing to the holiday. The meeting of the Fire Department will be held in its club room to-night at 7:30 o'clock. The Public Health Nursing association board will meet Friday night in the office in the town hall at 8 o'clock. The only public observance of the national holiday, so far is the annual game planned, and single men, between the married to be played on Merwin's field. Fourth or July morning.

2. July 3, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, July 3, 1934

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Article Text

Depositors of the Commercial Department of the late Cheshire Bank & Trust company expect to receive another dividend in a few days. the court having granted the petition of the receivers to do so.

3. June 18, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, June 18, 1935

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Article Text

FINAL DIVIDEND PAYMENT LOOMS Cheshire Depositors' Hope Extended By Motion Yesterday Mope for the payment of a final dividend to depositors in the commercial department of the Cheshire Bank & Trust company was extended yesterday by the filing of a motion by the receiver asking the advice of the superior court as to whether the payment of a dividend was advisable at the present time. The motion will be heard by Judge Arthur F. Ells at the short calendar session Friday. The receiver, the Second Ntaional bank of New Haven, states that $3,655.88 is on hand for the payment of expenses and to pay a further dividend in the commercial department. Other than a negligible sum for court fees, the chief expenses will be additional fees for the receiver and its attorneys, provision for which is asked in another motion to be heard by the court. Unless the authority of the court is given to sell certain assets of the defunct institution, the receiver believes it would be inadvisable to pay the dividend at the present times "Depositors in the commercial department of the bakn have already received dividends amounting to

4. July 25, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, July 25, 1935

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Article Text

$537,852.10 Other Closed Banks Other closed banks in the state are: The American Bank and Trust, Bridgeport; Broadway Bank and Trust, Bridgeport; Broadway Bank and Trust, New Haven; Cheshire Bank and Trust; Citizens Bank and Trust, New Haven; City Bank and Trust Bridgeport: Commercial Bank nad Trust, New Britain; Hamden Bank and Trust; Mechanics Bank and Trust, New Haven; Naugatuck Bank and Trust; Unionville Bank and Trust; West Haven Bank and Trust; Windsor Locks Trust and Safe Deposit. The receiver for the Naugatuck Bank and Trust company will resign at a hearing to be held here next Wednesday morning at 11 o'clock.