RegAlertNews · CTDOB · 13 Sep 2024
Bulletin 3160 - September 13, 2024
The Connecticut Department of Banking issued a Written Agreement against Fieldpoint Private Holdings, Inc., and Fieldpoint Private Bank & Trust pursuant to Section 36a-59 of the Connecticut General Statutes following identified deficiencies. The Commissioner approved Better Local Capital, LLC to operate as a business and industrial development corporation under Section 36a-628. Additionally, Nutmeg State Financial Credit Union filed notices to close branches in Norwalk and Milford, with a proposed closing date of November 15, 2024.
State of Connecticut
Department of Banking
The Department of Banking News Bulletin
Bulletin # 3160 - Week Ending September 13, 2024
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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.
BANK ACTIVITY
Written Agreement
On September 4, 2024, the Banking Commissioner and the Federal Reserve Bank of New York issued a Written Agreement against Fieldpoint Private Holdings, Inc., and Fieldpoint Private Bank & Trust . Based upon an examination of the bank by the Financial Institutions Division and the Federal Reserve Bank of New York, deficiencies were identified, and a Written Agreement was issued pursuant to Section 36a-59 of the Connecticut General Statutes.
Business and Industrial Development Corporation
On September 13, 2024, the Commissioner approved the application of Better Local Capital, LLC to operate as a business and industrial development corporation pursuant to Section 36a-628 of the Connecticut General Statutes.
CREDIT UNION ACTIVITY
DATE
: September 5, 2024
CREDIT UNION
: Nutmeg State Financial Credit Union
LOCATION
: 500 West Avenue, Norwalk, CT 06850
ACTIVITY-BRANCH TYPE
: Filed Notice of Branch Closing
PROPOSED CLOSING DATE
: November 15, 2024
DATE
: September 5, 2024
CREDIT UNION
: Nutmeg State Financial Credit Union
LOCATION
: 977 Boston Post Road, Milford, CT 06160
ACTIVITY-BRANCH TYPE
: Filed Notice of Branch Closing
PROPOSED CLOSING DATE
: November 15, 2024
Dated: Tuesday, September 17, 2024
Jorge L. Perez
Banking Commissioner
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