Regulatory Alerts2020-12-04
Added · Updated
Bulletin 2963 - December 4, 2020
The Commissioner of Banking sets the deposit index for calendar year 2021 at 0.08%, establishing minimum interest rates for rental security deposits, state-held funds, and mortgage escrow accounts, while maintaining a 1.5% floor for public service and telecommunications customer security deposits. The Commissioner approved the merger of Litchfield Bancorp and Collinsville Bank into Northwest Community Bank. Additionally, the relocation of the main office for American Eagle Financial Credit Union in East Hartford was filed.
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