Regulatory Alerts2016-06-24
Added · Updated
Bulletin 2731 - June 24, 2016
The Commissioner approved State Street Bank and Trust Company to establish a de novo limited branch in Stamford, Connecticut, and accepted Fieldpoint Private Bank & Trust’s application to organize Fieldpoint Private Holdings, Inc. in Greenwich. The Department also recorded Mutual Security Credit Union’s filed branch activity in Shelton. Regarding enforcement, the Commissioner issued a Notice of Automatic Suspension and intent to revoke the license of Vision Financial Corp for failing to maintain a required surety bond, while entering a Consent Order with Preferred Investment Associates, Inc. that requires the payment of a $10,000 civil penalty and the provision of specific bonds to resolve unlicensed mortgage servicing violations.