National Bank of Orange County (Chelsea, VT)

View Charter #4929 on SPMC View balance sheet

Episode Information

Episode UID
492901599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
49290 national
Charter Number
4929
Start Date
March 1, 1933*
Location
Chelsea, Vermont (43.990, -72.448)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c516e0218ea14475

Response Measures

None

Receivership Details

Depositor recovery rate
88.0%
Date receivership started
1934-01-17
Date receivership terminated
1939-10-13
Share of assets assessed as good
49.9%
Share of assets assessed as doubtful
45.9%
Share of assets assessed as worthless
4.3%

Description

Articles state the bank was restricted and placed in conservatorship after the March 1933 banking holiday; receivership date known from records is 1934-01-17.

Events (5)
1. September 13, 1893 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Placed under restriction and conservatorship following the March 1933 banking holiday and regulatory action.
Newspaper Excerpt
restricted and in the hands of conservator since the March holiday.
Source
newspapers
3. January 17, 1934 Receivership
Source
historical_nic
4. January 17, 1934 Receivership
Source
newspapers
5. * Other
Newspaper Excerpt
Listed among National Banks not yet opened in Vermont on 1933-04-06 (not yet licensed/opened).
Source
newspapers

Newspaper Articles (3)
1. April 6, 1933 Vermont Standard Woodstock, VT

Article Text

26 NATIONAL BANKS OPEN IN STATE, 19 STILL CLOSED Boston. — 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.

2. September 21, 1933 Herald and News Randolph, VT

Article Text

THE EDITOR ROAMS AROUND That's dandy new gravel surface road that has been laid this year, and now practically completed, between South Tunbridge and Chelsea on the main valley route. Hitching onto the lower strip from South Tunbridge to South Royalton, constructed last year, it gives modhardsurface road connecting Orange county's shire with the BostonMontreal route, thirteen miles in all, and means easy touch with the outside world all the year around. fine ride, too, up this nice farming valley. Something doing right away in respect to reorganization of the National Bank of Orange County Chelsea, stricted and in the hands of conservator since the March "holiday." ticulars soon, if not coincident with this issue. Half way between Chelsea and Washington village, one spys right hand turn sign, "Green MounCamps.' stiff climb of mile or brings one to pleasant farmhouse near the top of the ridge which the owners, Mr. and Mrs. Bemis, have fit for summer sojourners who absolute quiet and rest. The lawn nicely graded and clipped, flowers abound, and cute artificial water pool provides dash of that thing. What was formerly barn has been transformed into lodge or party room, with sleeping chambers overhead. There is good spring water, good food, good beds, pleasant hospitality. Not even the whirr of motor vehicle can be heard. Rest, perfect rest. And such lovely view down the hillside and through the valley. One could surely get acquaintwith good book here. fine place to forget the busy world. That big above East camp Barre looks like the training depots of times It covers lot of war ground, well adapted. Tents are giv ing to huge frame structures, deway signed for warmer winter dormitories. The U. S. flies, the boys wear uniforms and air pervades. Further down the valley, these hundreds of men, with the asyoung sistance of some machinery and equipment, are clearing out the bottom of huge basin and starting the tion of an immense earthen embankment to hold back the surplus waters of Jail Branch in case of flood danger. of the big federal projects in one the upper Winooski valley. glance at the washout evidences below East Barre, left from 1927, tells the why it. Work has begun, at the Northfield end, on the five-mile road construction job which is to improve that stretch the Gulf road. It will cover distance from Northfield Center through South Northfield to East Roxbury, where stretch has already been built extending on to the

3. September 21, 1933 The Bethel Courier Bethel, VT

Article Text

THE EDITOR ROAMS AROUND That's dandy new gravel surface road that has been laid this year, and now practically pleted, between South Tunbridge and Chelsea on the main valley route. Hitching onto the lower strip from South Tunbridge to South Royalton, last year, it gives modern hardsurface road connecting Orange county's shire with the BostonMontreal route, thirteen miles in all, and means easy touch with the outside world all the year around. It's fine ride, too, up this nice farming valley. doing right away in pect reorganization of the National Bank of Orange County at Chelsea, stricted and in the hands of conservator since the March Particulars soon, if not coincident with this issue. Half way between Chelsea and Washington village, one spys right hand turn sign, "Green Mountain Camps." stiff climb mile or brings one to near the top of the ridge which the owners, Mr. and Bemis, have fitfor summer sojourners who seek absolute quiet and rest. The lawn nicely graded and clipped, flowers abound, and cute artificial water pool dash of that thing. What was formerly barn has been transformed into lodge or party room, with sleeping chambers overThere is good spring water, good food, good beds, pleasant hospitality. Not even the whirr of a passmotor véhicle be heard. Rest, perfect rest. And lovely view down the hillside and through the valley. One could surely get acquaintwith good book here. fine place to forget the busy world. That big camp East Barre looks like the training depots by of war times. covers lot ground, well adapted. Tents are ing way to huge frame structures, Wreaths signed for warmer winter The flag flies, the boys wear uniforms and air vades. Further down the valley, these effort hundreds young men, with the sistance of some machinery and equipThe row They number danger. reach back glance One epitaph Northfield NorthNorthfield has Advanc'd But God has