Bulletin 3030 - March 18, 2022

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 3030 - Week Ending March 18, 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

Acquisition

On March 18, 2022, Vanguard Group, Inc. , Malvern, Pennsylvania, and its subsidiaries and affiliates collectively known as Vanguard, filed an acquisition statement pursuant to Section 36a-184 of the Connecticut General Statutes for the acquisition of more than 10% of the stock of Webster Financial Corporation , the holding company of Webster Bank , a national bank headquartered in Waterbury, Connecticut.

CREDIT UNION ACTIVITY

Field of Membership Expansion

On March 16, 2022, Trumbull Credit Union, Inc. , a Connecticut credit union, filed a request for approval to amend its bylaws and expand its field of membership pursuant to Sections 36a-437a(h)(3) and 36a-438a(d)(1) of the Connecticut General Statutes to add residents of Trumbull, Fairfield, Easton, Bridgeport, Monroe, Shelton, Stratford, Milford, Orange, Derby and Newtown.

Dated:  Tuesday, March 22, 2022

Jorge L. Perez Banking Commissioner