Bulletin 2715 - March 4, 2016

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2715 - Week Ending March 4, 2016

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, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage. 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-Branch Type

02/16/16

Farmington Bank

Farmington

Farmington Bank Lending Center

1809 Black Rock Turnpike

Fairfield, CT 06825

Opening Date - Loan

Production Office

02/29/16

United Bank

Rockville

6958 Aviation Boulevard, Suite A/B

Glen Burnie, MD 21061

Application Approved -

Loan Production Office

03/01/16

Liberty Bank

Middletown

190 Main Street

Middletown, CT 06457

Into

315 Main Street

Middletown, CT 06457

Effective Date of

branch consolidation

(limited to full service)

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On February 22, 2016, the Commissioner entered into a Consent Order with Intercap Lending Inc. (“Intercap”) (NMLS # 190465), Aliso Viejo, California. The Commissioner alleged that Intercap changed the address of its main office specified on its most recent filing with the Nationwide Mortgage Licensing System and Registry (“NMLS”) and failed to file such change with NMLS at least 30 calendar days prior to such change and, in connection with such address change, failed to provide, directly to the Commissioner, a bond rider or endorsement, or addendum, as applicable, to the surety bond on file with the Commissioner that reflects the address of the main office, in violation of Section 36a-490(b) of the Connecticut General Statutes. As part of the Consent Order, Intercap paid $500 as a civil penalty.

Dated: Tuesday, March 8, 2016

Jorge L. Perez Banking Commissioner