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Why Banks Were Closed in Boston Trust Company Shakeup
In his legislative annual report the banks commissioner explains closures of Hattover Prudential Cosmopolitan Fidelity Tremont Trust. He cites a small group of Boston trust firms controlled by men lacking ability training and in some cases moral character, saying mismanagement and unsound condition made drastic action necessary to avert a crisis.
MENTIONED IN THIS ARTICLE
Commissioner of Banks
Boston Trust Companies
Boston
Max Mitchell
Cosmopolitan Trust Company
Fidelity Trust Company
Simon Swig
Tremont Trust Co
Allen
Swig
Hanover Trust Company
Charles Ponzi
Chmielinski
Prudential Trust Company
Savings Department
Henry H. Chmielinski
Prudential Trust Compan
Commonwealth
Trust Company
They Bank
Italy
Suffolk County
I. M
J. S. Whitney
Winnisimmet Shipyards, Inc
Liberty Trust Company
Lesses
Tremont Trust Company