Bulletin 2658 - January 30, 2015

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2658 - Week Ending January 30, 2015

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 Bruce H. Adams, Acting Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800. 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

01/26/15

Fairfield County Bank

Ridgefield

215 Post Road West

Westport, CT 06880

Opening

Date

01/30/15

United Bank

Rockville

12 Main Street

Ellington, CT 06029

Filed

01/30/15

United Bank

Rockville

287 Somers Road

Ellington, CT 06029

Filed

02/02/15

Torrington Savings Bank

Torrington

*30 Mason Street

Torrington, CT 06790

Opening

Date

05/15/15

United Bank

Rockville

12 Main Street

Ellington, CT 06029

Closing

Date

05/15/15

United Bank

Rockville

287 Somers Road

Ellington, CT 06029

Closing

Date

05/15/15

United Bank

Rockville

124 Main Street

Broad Brook, CT 06016

Closing

Date

05/15/15

United Bank

Rockville

6 Church Street

Northborough, MA 01532

Closing

Date

05/15/15

United Bank

Rockville

701 Church Street

Whitinsbille, MA 01588

Closing

Date

05/15/15

United Bank

Rockville

180 Main Street

Northampton, MA 01060

Closing

Date

05/15/15

United Bank

Rockville

491 Pleasant Street

Northampton, MA 01060

Closing

Date

*Limited Branch

Loan Production Office

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On January 20, 2015, the Acting Commissioner entered into a Consent Order with Southwestern Investors Group, LLC (“Southwestern Investors”), Hamburg, New York. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Acting Commissioner alleged that Southwestern Investors acted as a consumer collection agency in Connecticut without the required license, in violation of Section 36a-801(a) of the 2014 Supplement to the General Statutes. As part of the Consent Order, Southwestern Investors paid $2,500 as a civil penalty and $500 as a back licensing fee.

Dated: Tuesday, February 3, 2015

Bruce H. Adams Acting Banking Commissioner