Regulatory Alerts2018-08-31
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Bulletin 2845 - August 31, 2018
The Commissioner approved SunTrust Bank's establishment of a loan production office in Greenwich, Connecticut, and PeoplesBancorp, MHC's acquisition of First Suffield Financial Inc. through merger. In enforcement actions, PBCM paid a $10,000 civil penalty and was permanently barred from acting as a consumer collection agency in Connecticut, while Debt Management, Inc. paid a $75,000 penalty, surrendered its license, and received a three-year bar. Additionally, Leland Energy, Inc., Leland Tennessee Holdings, Inc., Opportunity Drilling & Acquisition Fund, LLP, and Stephen M. Thompson were each fined $100,000 for selling unregistered oil and gas securities and violating antifraud provisions.
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