Webster National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 13780
Charter Number: 13780
Start Date: November 20, 1934
Location: Webster, Massachusetts (42.050, -71.880)

Metadata

Model: gpt-5-mini
Short Digest: c002e2c2

Response Measures

None

Description

Article (AP, 1934-11-20) states the Webster National Bank is closed and has a receiver (John L. Delaney) paying dividends to depositors; no mention of a depositor run. This indicates a prior suspension/closure with receivership and ongoing liquidation dividends, so classify as suspension_closure.

Events (2)

1. September 22, 1933 Chartered

Source: historical_nic

2. November 20, 1934 Receivership

Newspaper Excerpt: John L. Delaney, receiver for the Webster National Bank, today announced that second dividend of 31 per cent has been would be forwarded to every depositor on Dec. 15.
Source: newspapers

Newspaper Articles (1)

1. November 20, 1934 Springfield Evening Union Springfield, MA

Article from Springfield Evening Union, November 20, 1934

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Article Text

Webster Bank Receiver Pays Second Dividend WEBSTER. Nov. 20-(AP) John L. Delaney. receiver for the Webster National Bank, today announced that second dividend of 31 per cent has been would be forwarded to every depositor on Dec. 15. The initial dividend of 50 per cent was paid by the closed bank Oct 19. 1933. and the dividend announced toda: brings payments to 81 per cent. the largest amount paid by any closed bank to its depositors since the bank holiday