Regulatory Alerts2011-10-07
Added · Updated
Bulletin 2485 - Oct. 7, 2011
The Connecticut Department of Banking solicits public comments on The Milford Bank's application to open a branch at 250 Barnum Avenue in Stratford, CT, and SoundView Federal Credit Union's application to convert from federal to state charter. Written comments regarding these applications must be submitted to Banking Commissioner Howard F. Pitkin within ten days of the bulletin's date. The Milford Bank branch application requires a Community Reinvestment Act plan available for public inspection for 30 days, while the credit union conversion proposes a field of membership limited to residents and businesses in Fairfield and Litchfield counties.
State of Connecticut Department of Banking
The Department of Banking News Bulletin Bulletin # 2485
Week Ending October 7, 2011
This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail . Written comments will be considered only if they are received within ten days from the date of this bulletin.
STATE BANK ACTIVITY
Branch Activity
Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
Date
Bank
Location
Activity
10/05/11
The Milford Bank
Milford
250 Barnum Avenue
Stratford, CT 06614
opening
date
CREDIT UNION ACTIVITY Conversion
On October 6, 2011, pursuant to Section 36a-469b of the Connecticut General Statutes, SoundView Federal Credit Union , Bethel, filed an application to convert from a federal credit union to a Connecticut credit union. The proposed field of membership of the converted credit union consists of: (1) persons, who live, work, worship or attend school in Fairfield and Litchfield counties of Connecticut and businesses, corporations, organizations or associations located within such counties, (2) persons within the immediate family of a member, or deceased member, and (3) member, retirees, pensioners or annuitants and surviving spouses of any group eligible for this credit union. The credit union also proposes to retain any employee groups, organizations associations and employees of groups previously approved by the National Credit Union Administration.
Dated: Wednesday, October 12, 2011
Howard F. Pitkin
Banking Commissioner