Regulatory Alerts2015-09-18
Added · Updated
Bulletin 2691 - September 18, 2015
The Connecticut Department of Banking solicits public comments on United Bank's application to open a branch in Westport, CT, with written submissions due within ten days. PB Bancorp, Inc. filed an acquisition statement for Putnam Bank in connection with the bank's reorganization into a holding company structure. The Commissioner issued notices of intent to issue cease and desist orders and impose civil penalties against five mortgage and collection entities for violations including failure to file required information on the Nationwide Mortgage Licensing System and operating without a license. A consent order was entered with Great Western Financial Services, resulting in the surrender of its mortgage lender license and a $5,000 civil penalty. Additionally, a consent order permanently barred Kenneth Hansmire and related entities from transacting business in Connecticut as a broker-dealer or agent for selling approximately $1.9 million in unregistered notes.