gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8bf0f1f84f483ca7
Response Measures
None
Events (11)
1.October 8, 1931Receivership
Newspaper Excerpt
A representative of the attorneygeneral was expected to apply for a receiver to-day. ... the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust company, which filed it in court today.
Source
newspapers
2.October 8, 1931Suspension
Cause
Government Action
Cause Details
Closed by order of the state banking department due to impairment of capital from depreciation of securities.
Newspaper Excerpt
The Naugatuck Bank and Trust Company was closed today on order of the state banking department.
Source
newspapers
3.March 18, 1932Other
Newspaper Excerpt
The appraisal of the Naugatuck Bank & Trust company filed in superior court today shows the assets are $26,018.70 lower than the liabilities.
Source
newspapers
4.March 28, 1932Other
Newspaper Excerpt
Permission to pay 25 per cent dividends on savings and commercial deposits in the Naugautck Bank and Trust Company is asked by the Naugatuck National Bank, receiver; will mark the first payment of dividends since the bank closed several months ago.
Source
newspapers
5.November 25, 1932Other
Newspaper Excerpt
An allowance of $2,500 was granted the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust company ... services rendered since the Naugatuck Bank & Trust company went into receivership a year ago October.
Source
newspapers
6.April 10, 1933Other
Newspaper Excerpt
The Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co., has accumulated cash totaling $26,261.26, just about $1,000 less than the amount needed to give another 10 P. C.
Source
newspapers
7.November 6, 1933Other
Newspaper Excerpt
A total of $46,938.72 was paid out by the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co to savings and commercial depositors.
Source
newspapers
8.March 23, 1934Other
Newspaper Excerpt
A 25 per cent dividend on the funds of the defunct Naugatuck Bank and Trust company will be issued April 18th, providing permission is granted in the Waterbury superior court.
Source
newspapers
9.December 3, 1934Other
Newspaper Excerpt
The Naugatuck National Bank, receiver, for the closed bank to-day asks permission to pay a 10 per cent dividend to depositors, which if granted, will make a total of 85 per cent they have received in dividends since the bank closed in October 1931.
Source
newspapers
10.October 10, 1938Other
Newspaper Excerpt
Final Report Filed In Bank Receivership ... What may be the last semi-annual account of the affairs of the defunct Naugatuck Bank and Trust company was filed in Superior Court today by Bank Commissioner Walter Perry.
Source
newspapers
11.October 3, 1940Other
Newspaper Excerpt
A supplemental report, a final account and an application for final discharge of the receiver in the case ... against the Naugatuck Bank and Trust Company, was
Naugatuck Bank Closed It Will Pay Depositors Naugatuck, Conn, Oct 8-(U. P.) -The Naugatuck Bank and Trust Company was closed today on order of the state banking department. Impairment of capital due to depreciation of securities was given as the cause of intervention by Deputy State Ranking Commissioner R. Gordon Baldwin. William Laube, president, issued a statement to-day promising no depositor "shall eventually lose a nickel." "All deposits are safe," he declared, "the bank merely having been closed to preserve the assets." A representative of the attorneygeneral was expected to apply for a receiver to-day. The last statement of the bank issued June 30, 1931, listed capital of $50,000. surplus of $20,000 and undivided profits of $10,000. Assets were set at $659,977.
The Naugatuck Bank & Trust Co Granted Permission to Take Appeal to the Superior Court Judge Frederick M. Peasley granted permission to the Naugatuck Bank and Trust Company to appeal to the superior court from the decision of the board of equalization regarding the payment of franchise taxes to the State of Connecticut. The amount involved is less than a thousand dollars. The equalization board of the state ruled that the amount should be paid by the bank, regardless of its being in receivership. Attorney John F. McDonough argued that the taxes due as of January 1, 1932. could not apply in this case because the bank suspended prior to that time. The franchise tax is collected annually by the state from all banking institutions. Only one talkie producing company in Germany is prospering.
The Naugatuck Bank & Trust Co
Granted Permission to Take Appeal to the Superior Court
Judge Frederick M. Peasley granted permission to the Naugatuck Bank and Trust Company appeal to the superior court from the decision of the board of equalization regarding the payment franchise the State of Connecticut. The amount involved is less than thousand dollars, The equalization board of the state ruled that the amount should be paid the bank regardless of its being receivership. Attorney John F. McDonough argued that the taxes due January 1932. could not apply in this case because the bank suspended prior to that time The franchise tax is collected annually by the state from all banking institutions.
Only one talkie producing company in Germany is prospering.
The appraisal of the Naugatuck Bank & Trust company filed in superior court today shows the assets are $26,018.70 lower than the liabilities. The report, a bulky volume, was compiled by Peter M. Kennedy of this city and Attorney William J. Neary who were appointed appraisers of the bank in superior court following its suspension several months ago. The report was first submitted to the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust company, which filed it in court today. According to the appraisal, the total assets of the savings and com-
NAUGATUCK BANK APPRAISAL IS FILED
Liabilities Shown As $26,018 More Than Its Assets
Total Assets of Bank Are $506,113.30 as Against $590,076.80-Peter M. Kennedy and Atty Wm J. Neary Were Appraisers
The appraisal of the Naugatuck Bank & Trust company filed in superior court today shows the assets are $26,018.70 lower than the liabilities. The report, a bulky volume, was compiled by Peter M. Kennedy of this city and Attorney William J. Neary who were appointed appraisers of the bank in superior court following its suspension several months The report was first submitted to the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust company, which filed it in court today. According to the appraisal, the total assets of the savings and com- mercial departments amount to $506,113. The liabilities are listed as $590 The total commercial assets are listed as $212 190.36 and the savings department assets are listed as $293,912.94.
Receiver of Naugatuck Bank & Trust Co Would Pay 25 Per Cent on Savings and Commercial Deposits - Will Make First Payments Since Bank Closed SUPERIOR COURT TO HEAR MOTION Permission to pay 25 per cent dividends on savings and commercial deposits in the Naugautck Bank and Trust Company is asked by the Naugatuck National Bank. receiver, in motions filed in superior court today. The motions, which will be heard Friday morning before Judge Newell Jennings. ask that the dividend payments be made April 20th. It will mark the first payment of dividends since the bank closed several months ago. A third motion seeks permission to pay in full all depositors with accounts less than $5 in the closed bank. The receiver explains that this procedure will save consider(Continued on Page 2)
Naugatuck Bank Asks Permission To Pay Dividend
Receiver of Naugatuck Bank & Trust Co Would Pay 25 Per Cent on Savings and Commercial Deposits Will Make First Payments Since Bank Closed
SUPERIOR COURT TO HEAR MOTION
Permission to pay 25 per cent dividends on savings and commercial in Naugautck Bank and Trust Company asked by the Naugatuck National Bank. in motions filed in perior court today. The motions, which will be Friday morning before Judge Jennings that the payments made April 20th. mark the first payment of dividends since the bank closed several months ago. third motion seeks permission to with accounts than $5 in the closed bank. The receiver explains that this procedure will save consider(Continued on Page 2)
An allowance of $2,500 was granted the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust company, by Judge Alfred C. Baldwin in superior court to-day. The amount was asked by the receiver for services rendered since the Naugatuck Bank & Trust company went into receivership a year ago October. is in presenting the motion, Attorney W. W. Gager, counsel for the receiver, said the receiver had moved the Trust company quarters into the National bank and operated the suspended bank's business without the extra cost of light and heat and other expenses that would have occurred had it remained in its own building.
The monthly report of the doings of the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co was filed at the office of the superior court today. The report shows the total income to date is $22,765.30 and total expenses to date, $11,717.14. The receiver has cash on hand
SEE DIVIDEND FOR NAUGATUCK DEPOSITORS
Only $1,000 Is Needed To Give Another 10 P. C.
Closed Bank and Trust Company Has Already Paid 40 Per Cent-Total Cash on Hand at Close of March Reported at $274,314.16
The Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co., has accumulated cash totaling $26,261.26, just about $1,000 less than the amount need-
Permission to borrow $10,000 in order that the receiver might pay a 10 per cent dividend to commercial and savings depositors and Christmas club accounts of the Naugatuck Bank and Trust company is asked in a motion filed in superior court here today by the Naugatuck National bank, receiver.
A total of $46,938.72 was paid out by the Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co to savings and commercial depositors and holders
Borough Depositors Recipient Of $46,938
Naugatuck National Bank, Receiver for Trust Co, Files Monthly Report To-day total of $46,938.72 was by Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co savings commercial depositors and holders
RECEIVER FILED NOVEMBER RECEIPTS The Naugatuck National bank, receiver for the Naugatuck Bank & Trust Co today filed a report of its doings as receiver during the month of November in the superior court here. The income for the month amounted to $2,029.64 including mortgage loan payments and interest collections on savings department assets. Expenses amounted to $116.59.
PETITION FILED FOR HOME LOAN BONDS Naugatuck Bank Receiver Gets Authority to Adopt This Procedure The Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co., got permission in superior court here today to accept Home Loan Bonds in exchange for $150,000 of mortgages held as assets of the closed bank. Attorney W. W. Gager appeared before Judge John A. Cornell to present the application. Attorney Gager said it is impossible to liquidate the mortgages through the normal channels and that if permission were granted for the acceptance of Home Loan bonds, a substantial liquidation would result. xiowtnrgxarroll
(Special to The Democrat) Naugatuck, March 23-A 25 per cent dividend on the funds of the defunct Naugatuck Bank and Trust company will be issued April 18th, providing permission is granted in the Waterbury superior court for an application to distribute such funds. The Naugatuck National Bank, receiver for the Bank and Trust
Naugatuck Bank May Pay 25% Dividend
Receiver Applies. for Permission-Case to Be Heard in Waterbury Superior Court Next Week
(Special to The Democrat) Naugatuck, March 23-A 25 per cent dividend on the funds of the defunct Naugatuck Bank and Trust company will be issued April providing permission granted in the Waterbury superior court for an application to distribute funds. The Naugatuck National Bank, receiver for the Bank and Trust company. has applied for permission to dividend. The case expected to be heard in the Brass City tribunal one week from today. The dividend will amount to approximately and will include all departments the defunct bank This will then make total of 75 per cent of the funds paid out since the bank was closed.
NAUGATUCK BANK PLANS DIVIDEND Application Before Judge Cornell-Would Distrib= ute $50,000 Present Depositors of the closed Naugatuck Bank and Trust Company will receive a nice Christmas present this year, provided an application for the payment of another dividend is granted by Judge John A. Cornell at the short calendar session of the superior court Friday morning. The Naugatuck National Bank, receiver, for the closed bank to-day asks permission to pay a 10 per cent dividend to depositors, which if granted, will make a total of 85 per cent they have received in dividends since the bank closed in October 1931. Payment of a ten per cent dividend will mean that a total of $50 000 will be paid out to depositors of that bank. This is considered excellent liquidation in view of the few dividends paid depositors in other closed banks throughout the country. Attorney W. W. Gager filed the application for dividend payment in superior court to-day. The application states the dividend would be paid all savings and commercial depositors and holders of Christmas Savings club ac counts. Dividends of 7.5 per cent have ben paid those creditors of the closed bank up to to-day. The receiver states there are enough funds to pay the ten per cent allotment. The money became available through liquidation of mortgages and Home Loan bonds. Attorney Gager said to-day. He added that the receiver hopes to do something further in the way of dividend payments, but that it cannot be guaranteed in view of the unstable conditions prevalent throughout the country. Judge Cornell in acting on the application Friday is expected to grant the application and to fix a date for the payment of the funds.
Giants May Shift Lineup; Crowd For Game Very Small Leslie, Leiber, Koenig Are $232,000MAYBE Likely Replacements in National League Team PAID DEPOSITORS HAL SCHUMACHER TO Authority Sought From GET SECOND CHANCE Court By Merchants Trust'Receiver Red Ruffing Will Be Yank's Hurler; Giants Are Con= Depositors of the commercial and savings departments of the closed ceded Slight Chance Merchants Trust Co., will receive dividends totalling $232,000 within the next few weeks. Bank ComBY GEORGE KIRKSEY missioner Walter Perry, the receiver (United Press Staff Correspondent) for the bank, filed in superior court today u motion asking permission to Yankee Stadium, New pay a dividend of 10 per cent to York, October 5. - (UP) commercial and savings depositors. The New York Yankees and Judge Patrick B. O'Sullivan is exGiants resumed the World pected to approve the motion and sign an order authorizing the diviSeries, with the American dend payments at the short calenleaguers expecting to end the dar session of superior court Fricontest today with their day morning. fourth victory. The Merchcants Trust Co., dividend is one of several that will be Even the fans considered distributed to closed banks in the the series is as good as state providing superior court finished after Carl Hubbell's failjudges grant their approval. A ure to check the Yankees in Sun14 1/2 per cent dividend for savings day's game before a record-breakdepositors of the Naugatuck Bank ing crowd of 66,669. and Trust Co., bringing their total An early estimate placed the to 99 1/2 per cent, and a 5 per cent probable attendance under 50,000. dividend for commercial depositors The bleachers, jammed with 18,000 at the same institutoin, bringing fans more than two hours before their total to 90 per cent, were reSunday's game started, were only cently authorized. sparsely filled an hour before game The new 10 per cent dividend time. The $3.30 unreserved seats will bring dividends paid to comin the upper deck of the triple-tiered mercial depositors in the Merchants stadium were almost empty. Trust Co., to 50 per cent, and diA reported shakeup in the vidends to savings depositors to 40 Giants' line-up in one last desperate per cent. effort to stem the tide of Yankee The motion filed here today, triumphs, now at three straight, signed by Joseph A. Levy, special could not be confirmed. assistant attorney general, says that When a reporter attempted to see the bank's commercial account has Manager Bill Terry in the Giants' cash on hand, as of Sept. 30, of dressing room under the stands, he $110,455.68, while the savings dewas barred. partment has cash assets of $160,115.70. In the commercial departWhen the Giants came on the ment, the dividend to be distrifield Terry was not with them. The buted will amount to $80,000, while Giants' leader, so crippled in the in the savings department the total left knee, that he was hobbling distributed will be $152,000. around the field like a one-legged man at the finish of yesterday's Plans for the Merchants Trust dividend were announced recently game, planned to remain in to the last. by Commissioner Perry, but the motion for permission to make the "I'm going to stay in there as long payment was not filed until today. as my knee will hold me up," Terry The bill which made Commissionsaid yesterday. "I'll never play er Perry the receiver of all closed again though after the world banks in the state was introduced series." at the last session of the state genTerry may have changed his mind eral assembly by Senator George T. overnight and decided to send Sam Culhane of this city. Leslie, who has made two hits in
Final Report Filed In Bank Receivership Depositors of Naugatuck Trust Company May Receive 100% Return-Statement Given on Inventory What may be the last semi-annual account of the affairs of the defunct Naugatuck Bank and Trust company was filed in Superior Court today by Bank Commissioner Walter Perry.
RECEIVER SEEKS FINAL DISCHARGE A supplemental report, a final account and an application for final discharge of the receiver in the case of George J. Bassett, state banking commissioner, against the Naugatuck Bank and Trust Company, was
# RECEIVER SEEKS
# FINAL DISCHARGE
A supplemental report, a final account and an application for final discharge of the receiver in the case of George J. Bassett, state banking commissioner, against the Naugatuck Bank and Trust Company, was
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
