Regulatory Alerts2019-02-01
Added · Updated
Bulletin 2867 - February 1, 2019
Jewett City Savings Bank filed an application to establish a full-service branch at 46 West Broad Street in Stonington, Connecticut. KeyBank National Association applied to acquire a significant part of the assets of Laurel Road Bank. Hartford Federal Credit Union and CT1 Media Credit Union, Inc. filed for approval to merge CT1 Media into Hartford Federal. Public comments on these applications must be submitted in writing to the Banking Commissioner within ten business days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2867 - Week Ending February 1, 2019
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 36a-145 of the Connecticut General Statutes requires certain applications for a branch or 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 the Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
DATE: January 14, 2019 BANK: Jewett City Savings Bank, Jewett City LOCATION: 46 West Broad Street, Stonington, CT 06378 ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch
Acquisition
On January 29, 2019, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, KeyBank National Association , a national bank, filed an application to acquire a significant part of the assets of Laurel Road Bank , a Connecticut bank, which will be effected in accordance with Section 36a-210(a) of the Connecticut General Statutes.
CREDIT UNION ACTIVITY
Merger
On January 31, 2019, Hartford Federal Credit Union ("Hartford Federal"), a Federal credit union, and CT1 Media Credit Union, Inc. ("CT1 Media"), a Connecticut credit union, filed an application pursuant to Section 36a-468a of the Connecticut General Statutes seeking approval to merge CT1 Media with and into Hartford Federal .
Dated: Wednesday, February 6, 2019
Jorge L. Perez Banking Commissioner