Regulatory Alerts2022-03-11
Added · Updated
Bulletin 3029 - March 11, 2022
The Connecticut Department of Banking approved Evolve Bank's application to establish a loan production office in Darien, Connecticut, effective March 10, 2022. Additionally, the Department received an application from Scient Federal Credit Union and New London Municipal Employees’ Credit Union seeking approval to merge the latter into the former under federal credit union status. Written public comments regarding these actions must be submitted 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 # 3029 - Week Ending March 11, 2022
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.
BANK ACTIVITY
Interstate Loan Production Office
On March 10, 2022, the Commissioner approved the application of Evolve Bank , an Arkansas-chartered bank, to establish a loan production office in Connecticut pursuant to Section 36a-412(d) of the Connecticut General Statutes. The office will be located at 320 Boston Post Road in Darien, Connecticut.
CREDIT UNION ACTIVITY
Merger
On March 8, 2022, Scient Federal Credit Union ("Scient Federal"), a federal credit union, and New London Municipal Employees’ Credit Union ("New London Municipal Employees"), a Connecticut credit union, filed an application pursuant to Section 36a-468a of the Connecticut General Statutes seeking approval for the merger of New London Municipal Employees with and into Scient Federal, with the resulting credit union to operate as a federal credit union.
Dated: Tuesday, March 15, 2022
Jorge L. Perez Banking Commissioner