Regulatory Alerts2018-06-22
Added · Updated
Bulletin 2835 - June 22, 2018
The Connecticut Department of Banking solicits public comments on United Bank's applications to establish five full-service branches and consolidate three existing branches, with consolidation effective October 9, 2018. SunTrust Bank filed an application to establish a loan production office in Greenwich, Connecticut. Additionally, Waterfund LLC and related entities entered a stipulation to pay a $1,500 fine for delinquent securities notice filings, which have since been cured.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2835 - Week Ending June 22, 2018
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 business 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 18, 2018
BANK: United Bank, Hartford
LOCATION: 62 Center Street, East Longmeadow, MA 01028
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 1355 Boston Road, Springfield, MA 01119
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 50 Elm Street, West Springfield, MA 01089
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 654 Long Hill Road, Groton, CT 06340
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 1248 Boston Post Road, Waterford, CT 06385
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 50 Franklin Street, Westerly, RI 02891
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 94 Shaker Road, East Longmeadow, MA into 62 Center Street, East Longmeadow, MA 01028
ACTIVITY-BRANCH TYPE: Filed to Consolidate Effective 10/9/2018
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 459 Main Street, Indian Orchard, MA into 1355 Boston Road, Springfield, MA 01119
ACTIVITY-BRANCH TYPE: Filed to Consolidate Effective 10/9/2018
DATE: June 18, 2018
BANK: United Bank, Hartford
LOCATION: 95 Elm Street, West Springfield, MA 01089 into 50 Elm Street, West Springfield, MA 01089
ACTIVITY-BRANCH TYPE: Filed to Consolidate Effective 10/9/2018
Interstate Loan Production Office
On June 19, 2018, SunTrust Bank, a Georgia-chartered commercial bank and wholly-owned subsidiary of SunTrust Banks, Inc. , Atlanta, Georgia, filed an application to establish a loan production office at Four Greenwich Office Park, in Greenwich, Connecticut pursuant to Section 36a-412(d) of the Connecticut General Statutes.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Waterfund LLC, Waterfund Energy Terminals I LLC and Waterfund Energy Terminals II LLC - Stipulation and Agreement Entered
On June 19, 2018, the Banking Commissioner entered into a Stipulation and Agreement (No. ST-18-8291-S) with Waterfund LLC, Waterfund Energy Terminals I LLC and Waterfund Energy Terminals II LLC , now or formerly of 18 Great Island, Darien, Connecticut. The Stipulation and Agreement alleged that the entities were delinquent in making the notice filings required by Section 36b-21(e) of the Connecticut Uniform Securities Act in conjunction with various private placements. The delinquencies have since been cured. In resolution of the matter, Waterfund LLC, Waterfund Energy Terminals I LLC and Waterfund Energy Terminals II LLC agreed to jointly and severally pay a $1,500 fine and to refrain from regulatory violations.
Dated: Tuesday, June 26, 2018
Jorge L. Perez Banking Commissioner