Regulatory Alerts2003-07-18
Added · Updated
News Bulletin 2056 - July 18, 2003
The Connecticut Department of Banking provides public notice of specific banking applications and activities, including the opening of a Farmington Savings Bank branch in Southington and the permanent main office location for Connecticut River Community Bank. An application was filed to organize The Bank of Southeastern Connecticut in New London, and the Commissioner approved an extension of the Temporary Certificate of Authority for Higher One Bank until March 31, 2004. Written comments regarding these matters must be submitted to Commissioner John P. Burke within ten days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2056 Week Ending July 18, 2003
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
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) 240-8183. Note : dates are listed in month/day/year format.
State Bank Activity
Date
Bank
Location
Activity
08/16/2003
Farmington Savings Bank Farmington
One Center Street Southington, CT 06489
opening date
MAIN OFFICE
As of July 14, 2003, the permanent main office of Connecticut River Community Bank , Wethersfield, will be located at 1190 Silas Deane Highway, Wethersfield, Connecticut.
APPLICATION TO ORGANIZE A BANK AND TRUST COMPANY
On July 14, 2003, pursuant to Section 36a-70 of the Connecticut General Statutes, an application was filed by the organizers of The Bank of Southeastern Connecticut for the establishment of a bank and trust company in New London, Connecticut. The organizer and spokesperson is Joseph V. Ciaburri, 215 Church Street, New Haven, CT 06510, (203) 782-1100. The other organizers are Elmer F. Laydon and Michael M. Ciaburri.
NEW BANK ACTIVITY
On June 2, 2003, pursuant to Section 36a-70(i) of the Connecticut General Statutes, the Commissioner approved the application filed by the organizers of Higher One Bank to extend the period for which the Temporary Certificate of Authority is valid, from June 11, 2003 to March 31, 2004.
Dated: Tuesday, July 22, 2003 John P. Burke Commissioner