Cosmopolitan Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1920*
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 49bd8166

Response Measures

None

Description

The Cosmopolitan Trust Company in Boston was closed in 1920 by the commissioner of banks (government action) and placed in receivership. The 1927 article reports a dividend distribution by the receiver; there is no mention of a run or reopening. OCR errors in the clipping corrected (e.g., 'closed 1920 by the commissioner of banks').

Events (3)

1. January 1, 1920* Receivership

Newspaper Excerpt: the Cosmopolitan Trust Boston) closed 1920 by the commissioner of banks, today by Judge Crosby of the supreme ... This dividend makes total of returned depositors ... dividends been unclaimed. At expiration year. these must be turned into the state treasury.
Source: newspapers

2. January 1, 1920* Suspension

Cause: Government Action
Cause Details: Closed in 1920 by the state commissioner of banks and placed in receivership.
Newspaper Excerpt: closed 1920 by the commissioner of banks
Source: newspapers

3. March 10, 1927 Other

Newspaper Excerpt: HUB BANK PAYS DIVIDENDS ... the commercial depositors of the Cosmopolitan Trust Boston ... today by Judge Crosby ... This dividend makes total of returned depositors ... dividends been unclaimed.
Source: newspapers

Newspaper Articles (1)

1. March 10, 1927 Springfield Weekly Republican Springfield, MA

Article from Springfield Weekly Republican, March 10, 1927

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Article Text

HUB BANK PAYS DIVIDENDS Boston March further dividend cent the commercial depositors of the Cosmopolitan Trust Boston) closed 1920 by the commissioner of banks, today by Judge Crosby of the supreme Some share the This dividend makes total of returned positors while those the received cent their deposits. dividends been unclaimed. At expiration year. these must be turned into the state treasury.