Regulatory Alerts2024-11-15
Added · Updated
Bulletin 3169 - November 15, 2024
Fieldpoint Private Bank & Trust filed an application to relocate its main office in Greenwich, Connecticut, with a target completion date in the second quarter of 2024. The Banking Commissioner approved an agreement for Liberty Bank to form a holding company, Liberty Financial Corporation, and reorganize as a savings institution, merging its current mutual savings bank structure into the new entity. Public comments on these actions must be submitted to Banking Commissioner Jorge L. Perez within ten business days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 3169 - Week Ending November 15, 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
Main Office Relocation
On November 13, 2024, Fieldpoint Private Bank & Trust (Greenwich) filed an application to relocate its main office from One Greenwich Plaza, Suite A, Second Floor, Greenwich, CT 06830 to 130 Mason Street, Greenwich, CT 06830 pursuant to Section 36a-81 of the Connecticut General Statutes. The proposed target date for this relocation is for the second quarter of 2024.
Holding Company Formation
On November 14, 2024, the Commissioner approved an Agreement and Plan of Reorganization pursuant to which Liberty Bank (Middletown) will organize a holding company to be known as Liberty Financial Corporation pursuant to Section 36a-192 of the Connecticut General Statutes, Liberty Bank will form a reorganized savings institution of the same name pursuant to Section 36a-193 of the Connecticut General Statutes, and the current mutual savings bank will merge into the reorganized savings institution pursuant to Section 36a-125 of the Connecticut General Statutes.
Dated: Tuesday, November 19, 2024
Jorge L. Perez Banking Commissioner