Unionville Bank & Trust Company (Unionville, CT)

Episode Information

Episode UID
51031571599
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
5103157 routing
Routing Number
51-0315
Start Date
March 1, 1933*
Location
Unionville, Connecticut (41.758, -72.886)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6c4a1bfde4c7464a

Response Measures

None

Description

Bank closed during the 1933 banking moratorium and remained in receivership with state takeover of receiverships in 1935.

Events (3)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed as part of Connecticut's 1933 bank moratorium/banking holiday following the 1933 crisis
Newspaper Excerpt
closings in various parts of the state, resulting from the bank moratorium of 1933
Source
newspapers
2. September 8, 1935 Receivership
Newspaper Excerpt
The receivers of three Hartford County closed banks are expected to resign ... The receivers are expected to submit their resignations Friday to the Superior Court. ... the Travelers Bank and Trust Company for the Unionville bank. The Culhane Act states it is mandatory for the Superior Court to appoint the State Banking Department as receivers for all closed banks in place of private receivers.
Source
newspapers
3. October 1, 1936 Other
Newspaper Excerpt
Unionville Bank & Trust Co. ... Commercial 40% 5% Savings 5% 75% (dividend schedule and payments reported in receivership).
Source
newspapers

Newspaper Articles (5)
1. June 17, 1933 Hartford Courant Hartford, CT

Article Text

Windsor Locks Bank Receiver Applies For Fee Decision Similar Petitions Also Are Heard Judge Carl Foster of the Superior the William H. Trust Safe Deposit and counsel. Frank Healy. for for their services during the last Mr. Healy suggested that receiver receive $3000 for his work as coun- the receivership of the Hartford Company, receiver suggested receiver be paid $4500 has charge one agreed that the can be termiMr. Carpenter said Decision was reserved court indicated that ment of $350 receiver the Corporation, would be Decision reserved on the plication Robert receiv. of Ballou Nagle Express. of $300 amount for his Degnan definite amount for attorneys for Francis the Battery ordered receiver Lewis Bronson asked to Josiah Peck $1000 for to pay an diviper per cent has already the receivership of the Unionville Bank Trust Co., the question arose whether drawn on of Gideon held by the bank aid escape general against the Mr was Julius Day claims the check should status Arthur Howard, Travelers argued not holding the check commissioner He had originally deposit of $2353 bank had reduced $1100. The check was this held the bank Mr reduced again amount Gould the bank, said the was pay. ing interest on the check Windsor The annual reunion of the alumFitch High School will the 1933 into the audience which filled the auditorium attended class exercises of graduating night graduation Friday night Boy Troop Break Monday night Deputy Scout Gordon Pilkington of District will boys leave Town the Legion others ested in invited attend. rains will held at Town Hall at Juliano of 252 Brown Street, Friday appear Windsor Town Court Constable John Sipple for lowing his automobile operatthe highways with which had expired. His Lydia the charge proper and license leged have driving the car Palisado Avenue June For Real Beer and Light Wines the Filling Store 29 nock Ave Tel. Windsor of Maine Dormitory Burns Orono, Me., June Mount first the University Maine destroyed The original built 100 years the university and enlarged and the Wallace Farrington, former Governor of

2. July 25, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, July 25, 1935

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Article Text

$537,852.10 Other Closed Banks Other closed banks in the state are: The American Bank and Trust, Bridgeport; Broadway Bank and Trust, Bridgeport; Broadway Bank and Trust, New Haven; Cheshire Bank and Trust; Citizens Bank and Trust, New Haven; City Bank and Trust Bridgeport: Commercial Bank nad Trust, New Britain; Hamden Bank and Trust; Mechanics Bank and Trust, New Haven; Naugatuck Bank and Trust; Unionville Bank and Trust; West Haven Bank and Trust; Windsor Locks Trust and Safe Deposit. The receiver for the Naugatuck Bank and Trust company will resign at a hearing to be held here next Wednesday morning at 11 o'clock.

3. September 8, 1935 Hartford Courant Hartford, CT

Article Text

Resignations of Bank Receivers Expected The receivers of three Hartford County closed banks are expected to resign this week and will be replaced by the State Banking Department, as provided in the Culhane Bank Receivership Act passed during the last session of the General Assembly. The banks are the Unionville Bank and Trust Company, the Windsor Locks Trust and Safe Deposit Company and the Commercial Trust Company of New Britain. Receivers are William H. Leete, Enfield, for the Windsor Locks bank, Walter Bassford for the New Britain bank, and the Travelers Bank and Trust Company for the Unionville bank. The receivers are expected to submit their resignations Friday to the Superior Court. The Culhane Act states it is mandatory for the Superior Court to appoint the State Banking Department as receivers for all closed banks in place of private receivers.

4. April 21, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 21, 1936

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Article Text

ASSETS SHRINK IN CLOSED BANKS Fourteen of Them Re= ported By Bank Receiv= er; Dividends Came / Hartford, Conn., April 21-(UP) -An approximate shrinkage of $9,500,000 in the assets of 14 closed banks was reported today by the state banking commission, a part of which probably will be borne by depositors with claims ranging from 15 to 80 per cent. Since the closings in various parts of the state, resulting from the bank moratorium of 1933, assets were estimated to have fallen off from 31 to 21 million dollars. However, dividends declared under private receivership scaled from 20 to 80 per cent on savings accounts and from 15 to 50 per cent on commercial deposits. Took Over Them All The state bank department, by authority of the last session of the legislature, took over all receiverships last June and no additional dividends have since been granted. However, officials of the department indicated that when conditions warranted, the superior court would be petitioned for permission to reimburse both commersavings depositors in proto the portion cial and amount of liquidation. An improvement of nearly $1,000,000 in the condition of all of the banks was noted by commissioner Walter Perry in his report I to superior court late yesterday. Principal losses, thus far, have bene in the securities and mortgage fields. Banks Involved I The banks involved are the American Bank & Trust Co. and Commercial Bank & Trust Co., Bridgeport; Citizens Bank & Trust Co. and Broadway Bank & Trust Co., New Haven; Hamden Bank & Trust 1 Co.; Manchester Bank & Trust So.; 1 West Haven Bank & Trurst Co.; 1 Naugatuck Bank & Trust Co.; 1 Pawcatuck Bank & Trust Co., Stonington; Merchants Trust Co., Waterbury; Commercial Trust Co., New Britain; Unionville Bank & Trust Co.; Windsor Locks Trust & Safe Deposit Co.; City Bank & 8 Trust Co., Hartford.

5. October 1, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 1, 1936

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Article Text

nounced. Savings depositors will receive 10 per cent, making their total 40 per cent received thus far in the receivership. Commercial depositors will receive 10 per cent also, making their total 50 per cent. There are 2,000 savings depositors, and 875 commercial depositors. The Naugatuck Bank and Trust Co. 14 1-2 per cent dividend to savings depositors brings the total diyidends of this group to 99 1-2 per cent. Commercial depositors, who have already received 85 per cent, will receive 5 per cent additional in a few days, and will probably receive one more dividend at a later date. During October, more than $2,000,000 will be paid to 56,000 depositors in 11 closed banks about the state. All the proposed dividends are subject to superior court order. Dividends Scheduled Dividend Schedule of Closed Banks Present Previous Dividend BANK Dividends Schedule Broadway Bank & Trust Co. Commercial 20% 10% Savings 60% 5% Citzens Bank & Trust Co. Commercial 5% 40% Savings 63 1-3% 10% City Bank & Trust Co. Commercial 65% 10% Savings 59% 4% Commercial Trust Co. Commercial 20% 10% Savings 70% 5% Hamden Bank & Trust Co. Commercial 25% 8% Savings 60% Merchants Trust Co. Commercial 40% 10% 30% Savings 10% Naugatuck Bank & Trust Co. Commercial 85% 5% Savings 85% 14 1/2 % Paweatuck Bank & Trust Co. Commercial 25% 55% Savings 58% 22% Unionville Bank & Trust Co. Commercial 40% 5% Savings 5% 75% West Haven Bank & Trust Co. Commercial 25% 10% 75% Savings 5% Windsor Locks Trust & Safe Deposit Co. Commercial 60% 15% 15% Savings 60%