Webster National Bank (Webster, MA)

View Charter #13780 on SPMC View balance sheet

Episode Information

Episode UID
1378001606
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
137800 national
Charter Number
13780
Start Date
October 19, 1933
Location
Webster, Massachusetts (42.050, -71.880)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8dec015f981a2899

Response Measures

None

Events (4)
1. September 22, 1933 Chartered
Source
historical_nic
2. October 19, 1933 Receivership
Newspaper Excerpt
The initial dividend of 50 per cent was paid by the closed bank Oct 19, 1933. ... John L. Delaney, receiver for the Webster National Bank, today announced that second dividend ... would be forwarded to every depositor on Dec. 15.
Source
newspapers
3. December 17, 1934 Other
Newspaper Excerpt
About 20 percent of the 5600 depositors in the closed Webster National Bank cashed receiver's checks today. A steady stream filed into the bank from 9 a m until 3 p m.
Source
newspapers
4. * Suspension
Cause
Government Action
Cause Details
Bank remained closed and was operating under a receiver following the banking holiday/closure period
Newspaper Excerpt
the closed Webster National Bank
Source
newspapers

Newspaper Articles (2)
1. November 20, 1934 Springfield Evening Union Springfield, MA

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

2. December 18, 1934 The Boston Daily Globe Boston, MA

Article Text

CLOSED WEBSTER BANK GIVES RECEIVER'S CHECKS WEBSTER, Dec 17—About 20 percent of the 5600 depositors in the closed Webster National Bank cashed receiver's checks today. A steady stream filed into the bank from 9 a m until 3 p m. The doors closed at 3 o'clock and cashiers continued to pay off those in the bank until 4. Although the exact figures were not available, officials at the bank estimated the disbursement would exceed $65,000. Payments will continue until all the checks are cashed.