Regulatory Alerts2023-01-27
Added · Updated
Bulletin 3075 - January 27, 2023
The Connecticut Department of Banking approved Salisbury Bank and Trust Company's branch closing in Poughkeepsie, New York, effective April 30, 2023, and authorized NBT Bancorp Inc. to merge with Salisbury Bancorp Inc. and NBT Bank to merge with Salisbury Bank and Trust Company, with a target completion in the second quarter of 2023. The Commissioner also approved Fieldpoint Private Bank & Trust's main office relocation to Greenwich and scheduled a special meeting to consider extending a temporary certificate of authority for Banking Circle US. Additionally, the Department entered into consent orders requiring Point Mortgage Corporation to pay a $500 civil penalty, Viventium HCM to pay $13,375 in penalties and fees for unlicensed money transmission, and Laidlaw & Company (UK) Ltd. to pay a $200,000 fine, retain an independent consultant, and face trading restrictions for two years due to securities violations.