1569. Greenwich Savings Bank (Greenwich, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 27, 1918
Location
Greenwich, Connecticut (41.026, -73.628)

Metadata

Model
gpt-5-mini
Short Digest
e854d7fa

Response Measures

None

Description

All articles report the Greenwich Savings Bank is in the hands of the Connecticut Bank Commissioner as receiver and that dividends are being paid to depositors. No run or reopening is mentioned. This indicates the bank had been suspended/closed and placed in receivership (permanent closure).

Events (1)
1. February 27, 1918 Receivership
Newspaper Excerpt
Bank Commissioner Everett J. Sturges is making arrangements to pay a dividend of 4 per cent. to the depositors of the Greenwich Savings bank, which is in the hands of the commissioner as receiver.
Source
newspapers

Newspaper Articles (3)
1. February 27, 1918 The Bridgeport Times and Evening Farmer Bridgeport, CT
Article from The Bridgeport Times and Evening Farmer, February 27, 1918

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Article Text

FOUR PER CENT. DIVIDEND FOR BANKRUPTS PATRONS Hartford, Feb. 27.-Bank Commissioner Everett J. Sturges is making arrangements to pay a dividend of 4 per cent. to the depositors of the Greenwich Savings bank, which is in the hands of the commissioner as receiver. The depositors have already received 100 per cent. Another payment of one per cent. or more is expected later in the year. The date for the payment of the four per cent. has not been fixed, but it will be some time in March.

2. February 27, 1918 New Britain Herald New Britain, CT
Article from New Britain Herald, February 27, 1918

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Article Text

DIVIDEND ON BANK. Four Per Cent. More for Depositors in Greenwich. Hartford, Feb. 27.-Bank Commissioner Everett J. Sturges is making arrangements to pay a dividend of four per cent. to the depositors of the Greenwich Savings bank, which is in the hands of the commissioner as receiver. The depositors have already received 100 per cent. Another payment of one per cent. or more is expected later in the year. The date for the payment of the four per cent. has not been fixed but it will be some time in March.

3. March 1, 1918 Republican Farmer Bridgeport, CT
Article from Republican Farmer, March 1, 1918

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Article Text

FOUR PER CENT. DIVIDEND FOR BANKRUPT'S PATRONS Hartford, Feb. 27.-Bank Commissioner Everett J. Sturges is making arrangements to pay a dividend of 4 per cent. to the depositors of the Greenwich Savings bank, which is in the hands of the commissioner as receiver. The depositors have already received 100 per cent. Another payment of one per cent. or more is expected later in the year. The date for the payment of the four per cent. has not been fixed, but it will be some time in March.