Regulatory Alerts2017-03-24
Added · Updated
Bulletin 2770 - March 24, 2017
The Banking Commissioner approved the conversion of Fieldpoint Private Bank & Trust from a federal savings association to a Connecticut bank and trust company, expressly authorizing the exercise of all fiduciary powers granted to Connecticut banks. Concurrently, the Commissioner approved an Agreement and Plan of Reorganization under which Fieldpoint will organize a holding company known as Fieldpoint Private Holdings, Inc. Written comments regarding branch activity applications are solicited and must be received within ten days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2770 - Week Ending March 24, 2017
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
6/30/17
Fairfield County Bank
Ridgefield
100 Redding Road
Redding, CT 06896
Closing Date -
Limited Service Branch
Conversion
On March 24, 2017, the Commissioner approved the conversion of Fieldpoint Private Bank & Trust ("Fieldpoint") from a federal savings association to a Connecticut bank and trust company pursuant to Section 36a-137 of the Connecticut General Statutes ("C.G.S.") and expressly authorized Fieldpoint to exercise any and all fiduciary powers granted to Connecticut banks by law. Also on March 24, 2017 and pursuant to C.G.S. Section 36a-181, the Commissioner approved an Agreement and Plan of Reorganization pursuant to which Fieldpoint will organize a holding company to be known as Fieldpoint Private Holdings, Inc.
Dated: Tuesday, March 28, 2017
Jorge L. Perez Banking Commissioner