Regulatory Alerts2000-06-09
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News Bulletin 1894 - June 9, 2000
The Connecticut Department of Banking approved the opening of a branch by The Glastonbury Bank & Trust Company and a limited branch by People's Bank, while scheduling a hearing for The Community's Bank's organization application. The Commissioner granted approval for PNC Financial Services Group to establish a PNC Mortgage Corp. office and issued a notice of intent not to disapprove the reorganization of Savings Institute into SI Bancorp, Inc. and SI-Stock Savings Bank. Additionally, a consent order imposed a $17,300 penalty on Lawrence Helfant, Inc. for unregistered broker-dealer activity, requiring customer refunds and revised compliance procedures.
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