Clement National Bank (Rutland, VT)

Episode Information

Episode UID
295001599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
29500 national
Charter Number
2950
Start Date
March 1, 1933*
Location
Rutland, Vermont (43.611, -72.973)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
349c044ad0032b38

Response Measures

None

Description

One article says the bank opened under a conservator (Mar 25) but a later list (Apr 6) still shows it as not yet opened; records are slightly contradictory.

Events (4)

1. May 14, 1883 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed during the March 1933 banking holiday / action by the Controller of the Currency
Newspaper Excerpt
closed by the bank by Controller of the United States Currency
Source
newspapers
3. March 25, 1933 Reopening
Newspaper Excerpt
RUTLAND, Clement National Bank ... today the of Henry G. Smith ... conservator in charge ... holiday, which was closed by the bank by Controller of the United States Currency.
Source
newspapers
4. July 1, 1941 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article Text

VT, BANK OPENS -CONSERVATOR IN CHARGE RUTLAND, Clement National Bank, one the largest the State, today the of Henry G. Smith Smith, president of the institution, holiday, which was closed by the bank by Controller of the United States Currency. The bank had deposits of $2,956,000.


Article Text

26 NATIONAL BANKS OPEN IN STATE, 19 STILL CLOSED Boston. โ€” Twenty-six national banks in Vermont have been licensed and are open said Federal Reserve District headquarters here Thursday, and 19 have not been licensed. The list is as follows: National banks opened in Vermont: County National Bank, Bennington; First National Bank, Bennington; First National Bank, Brandon; Howard National Bank & Trust Company, Burlington; Merchants National Bank of Burlington; National Bank of Chester, Chester; Caledonia National Bank, Danville; National Bank of Derby Line, Derby Line; Allen National Bank, Fair Haven; First National Bank, Fair Haven; Factory Point National Bank, Manchester Center; National Bank of Middlebury, Middlebury; First National Bank, North Bennington; Northfield National Bank, Northfield; First National Bank, Orwell; Randolph National Bank, Randolph; Richford National Bank, Richford; Killington National Bank, Rutland; Rutland County National Bank, Rutland; First National Bank, Springfield; First National Bank, St. Johnsbury; Merchants National Bank, St. Johnsbury; National Bank of Vergennes, Vergennes; National Bank of Newbury, Wells River; First National Bank, White River Junction; Woodstock National Bank, Woodstock. National Banks not yet opened in Vermont: People's National Bank, Barre; National Bank of Bellows Falls; National White River Bank, Bethel; Bradford National Bank, Bradford; Brandon National Bank, Brandon; Vermont-People's National Bank, Brattleboro; First National Bank, Bristol; National Bank of Orange county, Chelsea; First National Bank, Enosburg Falls; Island Pond National Bank, Island Pond; First National Bank, Montpelier; Montpelier National Bank, Montpelier; National Bank of Newport, Newport; Citizen's National Bank, Poultney; National Black River Bank, Proctorsville; Central National Bank, Rutland; Clement National Bank, Rutland; Welden National Bank, St. Albans; State National Bank, Windsor. Between 1815 and 1918, no less than 44 distinct wars had been fought for the sake of nationalism.