Regulatory Alerts2014-08-29
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Bulletin 2636 - August 29, 2014
The Connecticut Department of Banking solicits written comments within ten days regarding applications by Savings Institute Bank and Trust Company and Putnam Bank to convert from federally-chartered stock savings associations to Connecticut capital stock banks. Additionally, the Department notes an application by American Eagle Federal Credit Union to convert to a Connecticut credit union and expand its field of membership to New Haven County. The Bulletin also details a Consent Order fining Gregory Richard Imbruce $75,000 and restricting his securities activities for three years, while requiring the retention of a regulatory consultant and legal counsel for related entities.
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