Regulatory Alerts2018-11-30
Added · Updated
Bulletin 2858 - November 30, 2018
The Commissioner determined the deposit index for calendar year 2019 to be 0.15%, establishing specific minimum interest rates for rental security deposits, state-held funds, mortgage escrow accounts, and utility customer deposits. The Commissioner approved the acquisition of First Suffield Financial Inc. by PeoplesBancorp, MHC, and the subsequent merger of The First National Bank of Suffield into PeoplesBank. Additionally, New Horizons Credit Union, Inc. requested approval to establish a branch in Cheshire, Connecticut, while Thomaston Savings Bank filed to establish a full-service branch in Farmington.
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