Regulatory Alerts2016-03-25
Added · Updated
Bulletin 2718 - March 25, 2016
Bankers’ Bank Northeast filed an application on March 24, 2016, to organize a bank holding company pursuant to Section 36a-181 of the Connecticut General Statutes. The proposed entity, BBN Financial Corporation, will acquire all issued and outstanding shares of Bankers’ Bank Northeast through a plan of reorganization. Written comments regarding this application must be submitted to Banking Commissioner Jorge L. Perez within ten days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2718 - Week Ending March 25, 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
Bank Holding Company
On March 24, 2016, Bankers’ Bank Northeast , a Connecticut bankers’ bank, filed an application for approval to organize a bank holding company pursuant to Section 36a-181 of the Connecticut General Statutes. The bank holding company will be organized as the newly formed Connecticut stock corporation BBN Financial Corporation , and will acquire all the issued and outstanding shares of Bankers’ Bank Northeast pursuant to an agreement and plan of reorganization filed with the application.
Dated: Tuesday, March 29, 2016
Jorge L. Perez Banking Commissioner