Bulletin 2726 - May 20, 2016

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2726 - Week Ending May 20, 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

05/16/16

First County Bank

Stamford

FROM: 1260 Post Road East

Westport, CT  06880 TO:     1135 Post Road East

Westport, CT  06880

Relocation Effective

Date - Full Service

05/16/16

Newtown Savings Bank

Newtown

2321 Whitney Avenue

Hamden, CT  06518

Approved - Loan

Production Office

05/18/16

Thomaston Savings Bank

Thomaston

461 Main Street

Oakville, CT  06779

Opening Date -

Full Service Branch

STATE CREDIT UNION ACTIVITY

Branch Activity

Date

Credit Union

Location

Activity-Branch Type

05/16/16

Sikorsky Financial Credit Union Stratford

2505 Main Street

Stratford, CT  06615

Notice of Intent

Not to Disapprove

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY

Unregistered Investment Advisory Activity

On May 16, 2016, the Banking Commissioner entered a Consent Order (No. CO-16-8196-S) with respect to Rockingham Capital Advisors LLC of Glastonbury, Connecticut and Scott Little Frew , managing member of the firm.  The Consent Order stated that, following the firm’s failure to renew its investment adviser registration when that registration expired on December 31, 2011, the firm continued to transact investment advisory business in Connecticut, and that Scott Little Frew continued to transact business as an investment adviser agent while unregistered.   The Consent Order directed Rockingham Capital Advisors LLC and Frew to cease and desist from regulatory violations.  In addition, the Consent Order required that the firm and Frew remit $5,160 to the department, jointly and severally.  Of that amount, $4,000 constituted an administrative fine and $1,160 represented reimbursement for past due registration fees.

Dated: Tuesday, May 24, 2016

Jorge L. Perez Banking Commissioner