Regulatory Alerts2015-09-25
Added · Updated
Bulletin 2692 - September 25, 2015
The Connecticut Department of Banking approved loan production office applications for The First Bank of Greenwich in Stamford and The Simsbury Bank & Trust Company in Mattapoisett and Glastonbury, while a branch application by United Bank in Westport was filed. Additionally, the Commissioner entered into a Consent Order with Amos Financial LLC, requiring the entity to pay a $10,000 civil penalty for operating as an unlicensed consumer collection agency in the state.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2692 - Week Ending September 25, 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 Jorge L. Perez, 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
09/18/15
United Bank
Rockville
55 Greens Farms Road
Westport, CT 06880
Filed
09/21/15
The First Bank of Greenwich
Cos Cob
733 Summer Street, Suite 102
Stamford, CT 06901
Approved *
09/21/15
The Simsbury Bank & Trust
Company, Simsbury
21 Country Rad, Route 6
Mattapoisett, MA 02739
Approved *
09/21/15
The Simsbury Bank & Trust
Company, Simsbury
2389 Main Street
Glastonbury, CT 06033
Approved *
- Loan Production Office
CONSUMER CREDIT DIVISION ACTIVITY
Consent Order
On September 10, 2015, the Commissioner entered into a Consent Order with Amos Financial LLC (“Amos Financial”), Highland Park, Illinois. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that prior to January 10, 2015, Amos Financial acted within this state as a consumer collection agency without the requisite consumer collection agency licenses, in violation of Section 36a 801(a) of then applicable Connecticut General Statutes. As part of the Consent Order, Amos Financial paid $10,000 as a civil penalty.
Dated: Tuesday, September 29, 2015
Jorge L. Perez Banking Commissioner