Regulatory Alerts2012-04-06
Added · Updated
Bulletin 2511 - Apr. 6, 2012
The Connecticut Department of Banking solicits written public comments on The Bank of New Canaan's application to file a limited branch at 855 Main Street in Bridgeport, CT, due within ten days of the bulletin's date. The Department also notes that Sun Communications LLC filed for a check cashing service license at 454 Main Street in East Haven, CT. Additionally, James B. Nutter & Company agreed to pay $13,000 to the Department as part of a multi-state settlement agreement for employing unlicensed mortgage loan originators between June 1, 2008, and May 31, 2010.
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