gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
407ff330ff3abc28
Response Measures
None
Events (5)
1.December 17, 1931Suspension
Cause
Government Action
Cause Details
State banking department issued restraining order closing the bank because of frozen assets and inability to liquidate heavy pre-Christmas withdrawals.
Newspaper Excerpt
The Hamden Bank and Trust company closed today on order issued by the [state banking department]; frozen assets prompted suspension.
Source
newspapers
2.December 18, 1931Receivership
Newspaper Excerpt
Mechanics bank of this city today was named temporary receiver the Hamden Bank Trust pany, which was closed yesterday.
Source
newspapers
3.January 26, 1932Receivership
Newspaper Excerpt
Judge Simpson also has confirmed the appointment of the Mechanics Bank as receiver; appraisers named for the closed Hamden Bank & Trust Company.
Source
newspapers
4.March 2, 1934Receivership
Newspaper Excerpt
Thomas J. Ryan, receiver for the Hamden Bank and Trust Company, will ask the Superior Court for permission to pay a 5 per cent dividend out of funds in the bank.
Source
newspapers
5.June 15, 1934Other
Newspaper Excerpt
Court motions permit payment this month and early of $230,000 to depositors by Hamden Bank & Trust; dividend distributions described.
Source
newspapers
Newspaper Articles (17)
1.December 17, 1931The RepublicanSpringfield, MA
Article Text
bank and the Engineers National and the Continental was formed.
Connecticut Bank Closed Hamden Bank and Trust today on order issued by the understood to been taken depositors. Bank officials promised statement later. The bank's last statement listed general deposits $570,000 and deposits of $688,000. capital and undivided of George Ogden of state commission, who the bank's books, today said the state continued withdrawals letter had placed institution an un-liquid position. There no "run" on the bank, he said.
2.December 17, 1931Globe-GazetteMason City, IA
Article Text
Gertrude Johnson Named Dows Eastern Star Head
O. E. S. Monday evening elected: Worthy matron, Gertrude Johnson; worthy patron, E. A Morrison: associate matron, Anna Schwieger; secretary Grace Selleck treasurer, Mary Buckton: conductress. Esther Peterson associate conductress, Fern Buffer. Christmas Cheer Goal Is $2,000--
Connecticut Bank Closes. HAMDEN Conn. Dec. 17. The Hamden bank and Trust company closed today. Assets in the last published statement were $2.
-Have You Given Yet?-
3.December 18, 1931The Springfield Daily RepublicanSpringfield, MA
Article Text
HAMDEN (CT.) BANK ALSO CLOSES DOORS
90-Day Clause Invoked in State ton Bank Stockholder Promises Pay in Full
Boston, Dec. banks New England closed their doors day as the result of heavy withdraw-
The institutions which either did not open for business which closed late the the nental National Boston: the Hamden Bank and Trust company of Hamden, Ct., the Arlington Trust company and the Plymouth County Trust company of Brockton. The financial status the banks at time official statements tinental, capital stock $1,000,000, surplus, ArlingTrust, deposits County, deposits of $3,816,Another Boston bank, the Grove Hall that bank open again meet The after all-day run the advice Bank Arthur Guy. Invoke Clause
The banks Lowell the saving department the Trust company Boston the Millbury Savings bank 90-day banks require notice of intent funds. The officials dinarily heavy caused by general order the assets the bank, orderly pay full. the the Bostonbank the troller currency to take possesthe president the bank, Terrell and youngest in would the ordinary on dollar would be paid depositors. We
4.December 18, 1931The Springfield Daily RepublicanSpringfield, MA
Article Text
FOUR BANKS CLOSE IN MASSACHUSETTS AND CONNECTICUT
Lawrence and Boston, Brockton Institutions Affected by Runs
HAMDEN (CT.) BANK ALSO CLOSES DOORS
Clause Invoked in State Bank Stockholder ton Promises Pay in Full
Boston. Dec. banks in New England closed their doors tothe result of heavy withdrawday als.
The institutions which either did not open for business which closed the day the nental National bank of Boston: the Hamden Bank and Trust of Hamden, company and County Trust financial status the banks at The the time their last official statements capital tinental, stock surplus, assets ArlingTrust deposits County, deposits of $3,816,Boston the Grove Another Hall Savings closed the bank would again meet action was taken after all-day and upon Arthur Guy. Bank Invoke Clause bank at Lowell The the department Trust company Boston the Millbury Savings bank the Millbury banks 90-day clause notice of intent require funds. The officials withdrawals caused dinarily heavy uneasiness and order general public conserve the assets of the bank. which. in course orderly liquidation, should pay all full, the Bostonbank the troller currency to take possesthe The president the bank, Terrell M. Ragan, 37 years old and reported the youngest president in said, would expected that through the ordinary cents on dollar would be paid depositors. We
(Continued on Second Page)
FROZEN ASSETS CLOSES BANK Hartford, Conn, Dec 18-(U. P.)-The state banking department issued a restraining order to-day closing the Danielson Bank and Trust Company at Danielson for the protection of depositors. State Banking Commissioner George J. Bassett said the same situation which caused closing of the Hamden Bank and Trust yesterday - frozen assets prompted his action at Danielson. The Danielson bank is capitalIsed for $100,000 and has total assets of $3,183,862. the commissioner said. Surplus and undivided profits are $183,000. Heavy pre-Christmas withdrawals of savings and Inability of bank officials to liquify assets with sufficient promptness necessitated suspension. Commissioner Bassett added a statement that Connecticut banks are generally in a strong position due to the statutory requiremente regarding investments. They are managed by men of high calibre, he said.
6.December 18, 1931The JournalMeriden, CT
Article Text
TEMPORARY RECEIVER
New Haven Dec. application the attorney general's office. representing State Bank Com missioner George Bassett, Mechanics bank of this city today was named temporary receiver the Hamden Bank Trust pany, which was closed yesterday. and Our 1932 CHRISTMAS CLUB, Meriden Savings Bank, East Main
7.December 18, 1931The JournalMeriden, CT
Article Text
To Speed Relief
(Continued from Page One)
Snell and Rainey agreed on the floor that would be brought up in the House for action Monday. On leaving the White House, Mills said with the others that had been but would add nothing else Garner jovial as he climbed new White House car carried Capitel He came the White House afoot from his hotel, renounced his right the speaker's "Hello said. don't you often. You are up all these rich press conference called by Mr. Newton. said answer questions the large in Mr Hoover's mind, had been touched on "only broader The was not except phase the gram. The President hopes the carriers benefit through the proposed Corporawas the White House there had mention, but of the added the morameasure barring any cancellation or reduction of
Danielson Bank Closed
(Continued From One.) tions are now. he said. that holders deposits will even tually be paid in statement the bank as showed assets $3,103,000 The 1914 with capital This second suspen the in two The Hamden and Trust company suspended yesterday, deposits totalling order the bank department. Officials confidence depositors would be paid full
Reassuring Statement. means reassuring other Bank Commissioner George Bassett this afternoon issued statement on the situation the state: closing of the Hamden Bank Trust company of Hamden and Danielson Trust company case inability the officers sufficient had been rather heavier than
8.December 18, 1931Omaha World-HeraldOmaha, NE
Article Text
Bank Suspensions.
Boston. "he Bos-Continental National bank with main offices on Devonshire street, downtown Boston, and four branches, remained closed at today. the time was posted comptroller of currency had asked to take it over to conserve assets, owing to heavy demands by depositors. the time of the consolidation the Boston National bank with Continental National bank about year ago the combined posits the merged institutions given as approximately $9. 500,000 and the combined resources were set at $11,000,000.
Hamden, Conn.
Hamden, Conn. Dec. 17 The Hamden Bank and Trust pany closed today Assets in last published statement were 097
Lowell, Mass.
Business was suspended Lowell Trust company which cently reported savings and mercial deposits of $3,384,428 was the second Lowell bank to close within two days. the Middlesex National bank with deposits of $4,000,000 having tions yesterday.
Burlington, N. Burlington, 17 The First National Bank of Burlington, with assets at the time last statement of approximate 150,000. closed order Barnett national bank examiner. R. W. Malone, was in active charge ed the tion action was due shrinkage in the value of bonds held.
Calais, Calais, Me International Trust and Banking company here closed Wednesday It was announced the action necessar because of heavy drawals by Canadian depositors.
Raleigh, N. rectors the Commercial tional bank, largest bank in the capital city, night voted close the bank holders. pending meeting the The September 29 ment of the bank listed deposits had a capital stock of $600,000. 000.
Board of Trade Stocks
Chicago, Minneapolis Bank Stocks Minneapolis, Dec. 17
East
9.December 19, 1931La GacetaTampa, Ybor City, FL
Click image to open full size in new tab
Article Text
(RC BANCOS CERRAGON SUSPUERTAS sto dic. 19.-Como resulBdo de las grandes vetiradas de dinero, cuatro bancos cerraron a sus puertas ayer, en New Inde gland. de Las instituciones bancarias que han suspendido sus operacio freció nes son el Boston Continental un National, de Boston; el Hamden Bank and Trust Company de Hamden, Conn.; el Arlington Trust Co., de Lawrence, y el Plymouth County Trust Co., de PERBrockton. El estado financiero de los bancos, según los últimos informes rendidos es como sigue: Boston resiContinental, depósitos de 6,281, esqui960 pesos, capital en existencia los de $1,000,000, sobrantes $150, 000; Hamden, valores de 2,097, diez 683 pesos; Arlington Trust, deen pósitos de $7,150,003.70; Plyla a mouth County, depósitos de co- $3,816,073.73.
10.January 26, 1932Hartford CourantHartford, CT
Article Text
Army Orders
Special orders issued Saturday at Headquarters 543, Coast Artillery, assign Captain David W. Sandberg of 22 Colonial Street to command the service battery of the same regiment. The following men of the Enlisted Reserves of Coast Artillery 543 have been Sergeant W. M. Nichols, 442 Hillside Avenue, to First Sergeant, Battery Sergeant George Nafis 392 New Britain Avenue. to Staff Sergeant (color) Headquarters Battery 543.
In Court 114th Time. New Haven, Jan. (AP.) Charged with drunkenness, John Ryan, 64. of Waterbury, made his 114th appearance in City Court today. He was one of 12 whom Judge Philip Troup warned be given a six months sentence for another appearance. All were given suspended sentences.
Hamden Bank Appraisers.
New Haven. Jan. thur E. Woodruff, director of the New Haven Bank. and Henry Musch. Jr., real estate dealer. have been named appraisers for the closed Hamden Bank & Trust Company, by Judge Earnest C. Simpson. Judge Simpson also has confirmed the appointment of the Mechanics Bank as receiver.
11.March 2, 1934Hartford CourantHartford, CT
Article Text
Hamden Bank Receiver Plans More Dividends
New Haven, March AP The Superior Court will be asked tomorrow by Thomas J. Ryan, receiver for the Hamden Bank and Trust Company, for permission to pay a 5 per cent dividend out of fund of $620,000 in the bank. The petition also includes a request to pay 15 per cent on $9000 which was not available when an earlier 15 per cent was paid to commercial depositors.
For "placing" a million stars, a woman England has been honored with the degree of M A. at Ox-
TWO MORE BANKS LIKED THE PLAN Petitioned for State Examination-Plan Got Start in Waterbury New Haven, Conn., April 6 (UP)-State banking department supervision of closed banks was made possible for the first time today when Superior Court Judge Ernest A. Inglis approved petitions of receivers for three closed banks for state examinations. Receivers for the Mechanics and Citizens Bank & Trust company, New Haven, and Hamden Bank & Trust Co., were the first group to act on suggestions of superior court judges who recommended the examinations at a recent meeting. The judiciary felt it would be beneficial to both the suspended institutions and their depositors to have periodic examinations made and the experience of the banking department afforded to share the responsibility in adjusting the in stitutions' affairs.
13.June 15, 1934The DayNew London, CT
Article Text
Hamden Bank Payment Approved by Court
NEW HAVEN June 15 Motions granted today by the perior court will permit the pay this month and early of $230,000 depositors by Hamden Bank Trust West Bank Trust Co. the Hamden will begin dividend $675,655.42 tomorrow This will bring paid deposithe Hamden bank to per cent
Approximately $163,000 will distributed savings of the West Haven bank by ceiver, Haven bank another ten per cent divi-
$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.
15.August 23, 1935The DayNew London, CT
Article Text
Perry Bank Receiver
NEW HAVEN, Aug. 23 (AP)—Walter J. Perry, state bank commissioner was confirmed today by Judge Patrick B. O'Sullivan as receiver for the Hamden Bank & Trust Co., under the new bank receivership law.
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.
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%
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.
