Regulatory Alerts2025-05-09
Added · Updated
Bulletin 3194 - May 9, 2025
The Connecticut Department of Banking approved the merger of Eastern Connecticut Savings Bank into The Guilford Savings Bank and authorized the latter's name change to Ascend Bank, with a target date around June 1, 2025. Sikorsky Financial Credit Union received approval to open a new branch in Fairfield, CT, by September 1, 2025, while an application for the merger of Crosspoint Federal Credit Union into Nutmeg State Financial Credit Union is pending public comment. Tower Capital Management, LLC entered a consent order to pay $10,400 in penalties and fees for operating as an unlicensed consumer collection agency, and Radius Securities, LLC had its broker-dealer registration revoked by default for failing to maintain registered agents.