Regulatory Alerts2017-11-17
Added · Updated
Bulletin 2804 - November 17, 2017
Patriot National Bancorp, Inc. filed an application to acquire Prime Bank through a merger with its subsidiary Patriot Bank, N.A., subject to public comment within ten days. The Department approved the relocation of a full-service branch for Nutmeg State Financial Credit Union Inc. from Stratford to a new address. Additionally, the Commissioner revoked the mortgage correspondent lender licenses of Vanguard Funding LLC and issued a cease and desist order due to the company's failure to maintain a required surety bond.
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