Bulletin 3250 - June 5, 2026

State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 3250 - Week Ending June 5, 2026

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

Order for Hearing

A hearing will be held on the application of
One Forty Holdings, Inc
. to organize One Forty Bank, headquartered in Fairfield County, as a Connecticut innovation bank pursuant to Section 36a-70(t) of the Connecticut General Statutes. The hearing scheduled on June 11, 2026, at 2:00 p.m. is postponed to June 26, 2026, at 10am. The hearing will be held at the Department of Banking, 280 Trumbull Street, Hartford, Connecticut, via videoconference https://teams.microsoft.com/meet/236250307060639?p=1X8tv7pTIARGDHqHWe, and via teleconference (860) 840-2075, Conference ID: 141 694 646#.

CREDIT UNION ACTIVITY

Conversion

On June 1, 2026, the Commissioner approved an application from United Business & Industry Federal Credit Union , a federal credit union headquartered in Plainville, Connecticut, pursuant to Section 36a-469b of the Connecticut General Statues to convert into a state credit union. The converted entity will operate under the name UBI Financial Credit Union . The proposed target date for this conversion is June 30, 2026.

Dated: Tuesday, June 9, 2026

Jorge L. Perez
Banking Commissioner