Regulatory Alerts2017-07-07
Added · Updated
Bulletin 2785 - July 7, 2017
The Connecticut Department of Banking solicits public comments on branch activities for Newtown Savings Bank, Washington Trust Company, and Berkshire Bank. Written observations must be submitted to Banking Commissioner Jorge L. Perez within ten days of the bulletin's date. The notice covers the closing of a limited branch by Newtown Savings Bank, the closure of a loan production office by Washington Trust Company, and Berkshire Bank's application to establish a new branch in Farmington.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2785 - Week Ending July 7, 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 361-145 of the Connecticut General Statutes requires certain applications for a branch, of 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: June 30, 2017
BANK: Newtown Savings Bank, Newtown
LOCATION: 611 East Hill Road, Southbury, CT 06488
ACTIVITY-BRANCH TYPE: Closing Date - Limited Branch
DATE: August 1, 2017
BANK: Washington Trust Company, Westerly, RI
LOCATION: 1025-1029 Boston Post Road, Darien, CT 06820
ACTIVITY-BRANCH TYPE: Closing Date - Loan Production Office
De Novo Branch
On July 29, 2017, Berkshire Bank , a Massachusets-chartered bank, filed an application pursuant to Section 36a-412(a)(2) and 36a-145(b)(1) of the Connecticut General Statutes, seeking approval to establish a de novo branch at 763 Farmington Avenue, Farmington, Connecticut.
Dated: Tuesday, July 11, 2017
Jorge L. Perez Banking Commissioner