Bulletin 2511 - Apr. 6, 2012

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2511 - Week Ending April 6, 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

4/03/12

The Bank of New Canaan

New Canaan

• 855 Main Street

Bridgeport, CT 06604

Filed

*Limited Branch

CONSUMER CREDIT DIVISION ACTIVITY

Check Cashing Service License Activity

Date

Check Casher

Location

Activity

4/02/12

Sun Communications LLC

454 Main Street

East Haven, CT 06512

Filed

Settlement Agreement

On March 23, 2012, the Commissioner, along with regulators from several other states ("State Mortgage Regulators"), entered into a Settlement Agreement with James B. Nutter & Company ("Nutter"), Kansas City, Missouri. The Settlement Agreement was based on a multi-state examination conducted by, among others, the Consumer Credit Division. As a result of such examination, the Commissioner alleged that Nutter employed or retained, during the period of June 1, 2008 to May 31, 2010, individuals as mortgage loan originators who were not licesned, in violation of Section 36a-486(b) of the then applicable Connecticut General Statutes. As part of the Settlement Agreement, Nutter agreed to pay $13,000 to the Department.

Dated: Tuesday, April 10, 2012

Howard F. Pitkin

Banking Commissioner