RegAlertIndividual decision · CTDOB · 7 Mar 2025
Bulletin 3185 - March 7, 2025
The Banking Commissioner approved an Agreement and Plan of Reorganization for Eastern Connecticut Savings Bank to convert from a mutual savings bank to a stock savings bank and form a mutual holding company named ECSB Financial Corporation. This action is authorized under Sections 36a-192 and 36a-193 of the Connecticut General Statutes. The approval is conditioned upon the applicant receiving FDIC and other required regulatory approvals. Public comments regarding this application must be directed 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 # 3185 - Week Ending March 7, 2025
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
Reorganization into a Mutual Holding Company
On March 4, 2025, the Commissioner approved an Agreement and Plan of Reorganization pursuant to which Eastern Connecticut Savings Bank (Norwich, CT), a mutual savings bank, will reorganize with and into a stock savings bank, and form a mutual holding company to be known as ECSB Financial Corporation , pursuant to Section 36a-192 and 36a-193 of the Connecticut General Statutes. The Commissioner’s approval is conditioned upon the applicant’s receipt of FDIC and other required regulatory approvals.
Dated: Tuesday, March 11, 2025
Jorge L. Perez
Banking Commissioner
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
More like this from CTDOB
CTDOB published 2 documents in the last 30 days. We email you each new one the day it's published.
Source: Connecticut Department of Banking — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated