Regulatory Alerts2012-02-24
Added · Updated
Bulletin 2505 - Feb. 24, 2012
Rockville Bank filed an application to open a limited branch at 41 South Main Street, Suite 4, in West Hartford, Connecticut. Berkshire Bank, a Massachusetts-chartered savings bank, and its parent company, Berkshire Hills Bancorp, Inc., filed applications for the merger of Berkshire Bank into The Connecticut Bank and Trust Company and the acquisition of the latter, with the resulting entity operating under the name Berkshire Bank. Public comment periods of 30 days are established for the branch plan and the community reinvestment plan associated with the merger, with written comments due within ten days of the bulletin's issuance.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2505 - Week Ending February 24, 2012
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
02/23/12
Rockville Bank
Rockville
*41 South Main Street, Suite 4
West Hartford, CT 06107
Filed
*Limited Branch
Merger and Acquisition
On February 17, 2012, pursuant to Sections 36a-412 and 36a-125 of the Connecticut General Statutes, Berkshire Bank , a Massachusetts-chartered savings bank and a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. , Pittsfield, Massachusetts, a Delaware stock corporation and savings and loan holding company, filed an application for the merger of Berkshire Bank , with and into The Connecticut Bank and Trust Company , a Connecticut-chartered bank and trust company, with the resulting bank to operate under the name Berkshire Bank . Also on February 17, 2012, pursuant to sections 36a-184 and 36a-411 of the Connecticut General Statutes, Berkshire Hills Bancorp, Inc. , filed an acquisition statement and application for the acquisition of The Connecticut Bank and Trust Company . In connection with this filing, Berkshire Hills Bancorp, Inc. , and Berkshire Bank filed a community reinvestment plan that is available for public inspection and comment at the Department of Banking for a period of 30 days.
Dated: Tuesday, February 28, 2012
Howard F. Pitkin
Banking Commissioner