Regulatory Alerts2000-06-16
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News Bulletin 1895 - June 16, 2000
The Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition of MECH Financial, Inc. and Mechanics Savings Bank by Webster Financial Corporation, to be effected through mergers into Webster Financial Corporation and Webster Bank. The hearing regarding the application to organize The Community's Bank was continued from June 19 to June 27, 2000. Additionally, approval was granted for Marlin Employees Credit Union, Inc. to merge with Bic Credit Union, Inc., and an application for a check cashing service license was filed by Fritz Jacques.
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