National City Bank - Chelsea, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11270
Charter Number: 11270
Start Date: March 16, 1933
Location: Chelsea, Massachusetts (42.392, -71.033)

Metadata

Model: gpt-5-mini
Short Digest: bb0ea84c

Response Measures

None

Description

Article reports appointment of a conservator (John B. Cunningham) for the National City Bank of Chelsea (Boston, March 16, 1933). No mention of a depositor run in the excerpt; regulatory intervention (conservator/receiver) implies suspension and effective closure/receivership. Limited text provided; date taken from article publication.

Events (4)

1. November 29, 1918 Chartered

Source: historical_nic

2. March 16, 1933 Receivership

Newspaper Excerpt: Appointment of John B. Cunningham, receiver for the Boston-Continental National bank, as conservator for the National City bank of Chelsea, was announced today.
Source: newspapers

3. March 16, 1933 Suspension

Cause: Government Action
Cause Details: Regulatory intervention: a conservator was appointed for the bank, indicating official action due to bank distress.
Newspaper Excerpt: Appointment of John B. Cunningham, receiver for the Boston-Continental National bank, as conservator for the National City bank of Chelsea, was announced today.
Source: newspapers

4. October 25, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 16, 1933 The Waterbury Democrat Waterbury, CT

Article from The Waterbury Democrat, March 16, 1933

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Article Text

CUNNINGHAM NAMED Boston. March 16-(UP) - Appointment of John B. Cunningham, receiver for the Boston-Continental National bank, as conservator for the National City bank of Chelsea, was announced today. This is believed to be the first such appointment in this federal reserve district.