News Bulletin 2021 - November 15, 2002

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2021 Week Ending November 15, 2002

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 in writing to John P. Burke, Commissioner of Banking, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov . Written comments will be considered only if they are received within ten days from the date of this bulletin.

BRANCH ACTIVITY State Bank Activity

Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Bank Examination Division, (860) 240-8180. Note: dates are listed in month/day/year format.

Date

Bank

Location

Activity

11/18/02

People's Bank Bridgeport

FROM:  81 Fairfield Road

Storrs, CT  06269 TO:      2075 Hillside Road

Storrs, CT  06269

relocation effective date

11/14/02

People's Bank Bridgeport

*Stop & Shop 55 Oak Street Glastonbury, CT 06033

opening date

• Limited Branch. Originally approved at New London Turnpike. Address changed by U.S. Postal Service.

MONEY ORDER AND TRAVELERS CHECK LICENSE ACTIVITY

On November 14, 2002, pursuant to Section 36a-600 of the Connecticut General Statutes, as amended by Public Act 01-56, South Exchange, Inc . applied for approval to engage in the business of money transmission.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY Broker-dealer Fined $1,000 for Unregistered Branch Office Activity

On November 5, 2002, the Commissioner entered into a Stipulation and Agreement with Triad Advisors, Inc., a Connecticut-registered broker-dealer having its principal office at 3500 Parkway Lane, Suite 220, Norcross, Georgia. The Stipulation and Agreement claimed that, from approximately August 2001 forward, the firm transacted business from One Bradley Road, Suite 902, Woodbridge, Connecticut, prior to that location being registered as a branch office under the Connecticut Uniform Securities Act.

Pursuant to the Stipulation and Agreement, the firm agreed to pay a $1,000 fine to the agency and to implement revised supervisory and compliance procedures designed to prevent and detect violations of Connecticut branch office registration requirements.

Dated: Tuesday, November 19, 2002 John P. Burke Commissioner