Warren County Trust Company (Belvidere, NJ)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
October 8, 1931
Location
Belvidere, New Jersey (40.830, -75.078)
Bank Type
trust
Routing Number
55-0362

Metadata

Events (3)

1. October 8, 1931 Suspension
Cause
Government Action
Cause Details
Placed under control of the State Banking Department (state takeover)
Newspaper Excerpt
The bank was placed under control of the department October 8, 1931.
Source
newspapers
2. October 8, 1931 Receivership
Newspaper Excerpt
The bank was placed under control of the department October 8, 1931.
Source
newspapers
3. September 28, 1935 Other
Newspaper Excerpt
the State Banking Department announced today it would seek Chancery Court approval of an additional dividend to depositors in the Warren County Trust Company, Belvidere, to expedite complete liquidation in three or four months.
Source
newspapers

Newspaper Articles (2)

Article Text

NEW JERSEY BANK TO BE WOUND UP

TRENTON, N. J., Sept. 28. (AP)β€”The State Banking Department announced today it would seek Chancery Court approval of an additional dividend to depositors in the Warren County Trust Company, Belvidere, to expedite complete liquidation in three or four months.

The dividend, which will make a total of fifty per cent of the deposits, approximates $32,500, the department said, and will be followed by a final payment, the amount yet undetermined. The bank was placed under control of the department October 8, 1931. Application for approval of the dividend will be made to the court September 30.


Article Text

NEW JERSEY BANK TO BE WOUND UP

TRENTON, N. J., Sept. 28. (AP)β€”The State Banking Department announced today it would seek Chancery Court approval of an additional dividend to depositors in the Warren County Trust Company, Belvidere, to expedite complete liquidation in three or four months.

The dividend, which will make a total of fifty per cent of the deposits, approximates $32,500, the department said, and will be followed by a final payment, the amount yet undetermined. The bank was placed under control of the department October 8, 1931. Application for approval of the dividend will be made to the court September 30.

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