Regulatory Alerts2014-10-03
Added · Updated
Bulletin 2641 - October 3, 2014
The Department of Banking approved United Bank's application to open a branch in Ellington, CT, and The Washington Trust Company's application to open a branch in Darien, CT, while soliciting public comments on these filings. A merger application was filed by CONNEX Credit Union, Inc. to absorb Sargent & Company Employees Federal Credit Union. The Commissioner entered into a consent order with Approved Funding Corp., requiring a $1,000 civil penalty for failure to file required mortgage call reports. Additionally, temporary cease and desist orders and restitution orders were issued against LOCN Inc. and Mario G. Najarro for unlicensed debt negotiation activities, and a consent order barred Edmund J. Ramos and The Right Mortgage Co., Inc. from securities-related activities for seven years due to violations of the Connecticut Uniform Securities Act.