Regulatory Alerts2005-07-01
Added · Updated
News Bulletin 2158 - July 1, 2005
The Department of Banking approved branch applications for Newtown Savings Bank and Prime Bank, issued a temporary certificate of authority to The Bank of Greenwich, and approved a field of membership expansion for Hartford Healthcare Credit Union and a merger between Bethel Stamford Credit Union and Members Credit Union. The Commissioner ordered the non-renewal of Federated First Mortgage Corporation's license and imposed fines of $2,500 on Double Play Partners, L.P. and $3,500 on Private Client Resources, LLC for late Rule 506 notice filings. Additionally, an Order to Cease and Desist and notices of intent to deny registration and impose fines were issued against Investment Management Corp. for unregistered broker-dealer activity.