Bulletin 2605 - January 24, 2014

State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 2605 -
Week Ending January 24, 2014

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

01/23/14

Farmington Bank

Farmington

366 Cromwell Avenue

Rocky Hill, CT 06067

Opening

Date

02/03/14

Bankwell Bank

New Canaan

FROM: 2248 Black Rock Tnpk

Fairfield, CT 06824

TO: 2220 Black Rock Tnpk

Fairfield, CT 06824

Relocation

Effective

Date

02/18/14

Bankwell Bank

New Canaan

FROM: 2150 Post Road

Fairfield, CT 06824

TO: One Sasco Hill Road

Fairfield, CT 06824

Relocation

Effective

Date

CONSUMER CREDIT DIVISION ACTIVITY

Order Revoking and Refusing to Renew Consumer Collection Agency License, Order to Cease and Desist and Order Imposing Civil Penalty

On January 7, 2014, the Commissioner issued an Order Revoking and Refusing to Renew Consumer Collection Agency License, Order to Cease and Desist and Order Imposing Civil Penalty (“Order”) in the Matter of:
Commercial Recovery Systems, Inc.
(“Respondent”), Dallas, Texas. The Order was based on Respondent’s failure to provide information requested by an examiner of the Consumer Credit Division as part of the examination of Respondent, in violation of Sections 36a-17(d) and 36a-801(b) of the Connecticut General Statutes. The Order revokes and refuses to renew Respondent’s license to act as a consumer collection agency in Connecticut from 8035 East R.L. Thornton Freeway, Suite 220, Dallas, Texas; orders Respondent to cease and desist from violating Sections 36a-17(d) and 36a-801(b) of the Connecticut General Statutes; and imposes a $200,000 civil penalty upon Respondent.

Dated: Tuesday, January 28, 2014

Howard F. Pitkin

Banking Commissioner