News Bulletin 2155 - June 10, 2005

State of Connecticut
Department of Banking

The Department of Banking News Bulletin
Bulletin # 2155
Week Ending June 10, 2005

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, Banking Commissioner, 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 Financial Institutions Division, (860) 240-8180.

Date

Bank

Location

Activity

6/06/05

People's Bank
Bridgeport

• 50 Mall Road, Suite 212
  Burlington, MA

approved

6/06/05

People's Bank
Bridgeport

766 Villa Avenue
Fairfield, CT 06825

approved

6/06/05

People's Bank
Bridgeport

100 Main Street North
Southbury, CT 06488

approved

6/06/05

People's Bank
Bridgeport

1937 West Main Street
Stamford, CT 06902

approved

• Limited Branch - LPO

State Credit Union Activity

Date

Bank

Location

Activity

5/27/05

Achieve Financial
Credit Union, Inc.
Meriden

FROM: 315 West Main Street
New Britain, CT 06052
TO: 450 West Main Street
New Britain, CT 06052

filed to relocate

6/03/05

Mutual Security Credit
Union, Inc., Wilton

6580 Main Street
Stratford, CT 06614

filed

6/06/05

Dutch Point Credit
Union, Inc.
Wethersfield

8 West Main St., Unit 1-5
East Lyme, CT 06333

filed

NOTICE OF INTENT NOT TO DISAPPROVE ACQUISITION

On May 27, 2005, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by NewAlliance Bancshares, Inc. , of all of the outstanding voting securities of Trust Company of Connecticut , a trust bank. Also on May 27, 2005, pursuant to Section 36a-125(a) of the Connecticut General Statutes, the Commissioner approved the merger of Trust Company of Connecticut with and into NewAlliance Bank , a Connecticut bank.

CREDIT UNION ACTIVITY
Field of Membership

On June 7, 2005, pursuant to Section 36a-462b(d) of the Connecticut General Statutes, Corporate America Family Credit Union , Elgin, Illinois, received approval to expand its field of membership in the State of Connecticut to include employees of Mazzioti Family of Mary Kay, Inc. , Orange, Connecticut.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY Unlimited Timing Service, Inc. Assessed $1,150 for Unregistered Investment Adviser Agent Activity

On June 7, 2005, the Commissioner entered into a Stipulation and Agreement with Unlimited Timing Service, Inc. , a Connecticut-registered investment adviser having its principal office at 104 Loch Cove Lane Lochmere, Cary, North Carolina. The Stipulation and Agreement alleged that, due to an anomaly in the Central Registration Depository system, the investment adviser agent registration of the firm's president had been terminated on the same day that the firm transitioned from an SEC-registered investment adviser to an investment adviser registered under the Connecticut Uniform Securities Act, and that, from October 1, 2002 forward, the firm engaged an unregistered investment adviser agent in contravention of Section 36b-6(c) of the Act. Pursuant to the Stipulation and Agreement, the firm agreed to pay a $1,000 fine to the department and to reimburse the agency $150 for past due investment adviser agent registration fees. In addition, the firm agreed to comply with all statutory requirements governing the registration of affected personnel as investment adviser agents and to review, revise and implement such supervisory and compliance procedures as were necessary to ensure such compliance.

CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity

On May 18, 2005, pursuant to Section 36a-581 of the Connecticut General Statutes, SoNo Travel Inc. d/b/a Serivcial RT7 filed an application for approval to operate a check cashing service general facility at 267 Main Ave., Norwalk, Connecticut.

On May 23, 2005, pursuant to Section 36a-581 of the Connecticut General Statutes, City Check Cashing, Inc. filed an application for approval to operate check cashing service general facilities at 1217 Burnside Avenue, East Hartford, Connecticut and 440 Main Street, East Hartford, Connecticut.

Dated: Tuesday, June 14, 2005

John P. Burke
Commissioner