Tremont Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 7, 1932
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 71c6d1f9

Response Measures

None

Description

Article (dated 1932-01-07) discusses the Tremont Trust Company's liquidation and excessive fees in that liquidation per the 1931 annual report. No run is mentioned; the bank is in liquidation (permanently closed/being wound up). Date of liquidation already in effect by the article; I use the article date as evidence of receivership/liquidation.

Events (1)

1. January 7, 1932 Receivership

Newspaper Excerpt: the expense the Tremont Trust Company $416,374.33 ... petitioners Heretofore the has been excessive ... people feel that cost liquidathas (discussion of liquidation fees in the Tremont Trust Company).
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 Hartford Courant Hartford, CT

Article from Hartford Courant, January 7, 1932

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Article Text

Boston Bill Bar High Bank Liquidation Fees Bay State Sponsors Say People Feel Cost Has Become Racket Boston Senator Joseph Finnegan and former William Hennessy both Boston, today filed with designated cessive fees in the liquidation closed The petitioners "Heretofore the has been excessive dous depositors. people feel that cost liquidathas into According figures contained abstract the annual report Banks the 1931 the expense the Tremont Trust Company $416,374.33 Hanover Trust Company The would authorize cure such expert assistance and necessary liquidation banks.