Regulatory Alerts2007-06-08
Added · Updated
News Bulletin 2259 - June 8, 2007
The Connecticut Department of Banking approves the opening of a branch at 158 North Main Street in Southington by Apple Valley Bank & Trust. The Commissioner also approves the merger of Technology Groups Federal Credit Union into Mutual Security Credit Union, Inc., which subsequently amends its bylaws to expand its field of membership to residents and businesses in Fairfield, Litchfield, and New Haven counties. Additionally, a hearing is scheduled for June 18, 2007, to consider issuing a temporary certificate of authority to organize Harbor Bank & Trust in Southport. Public comments on these applications must be submitted in writing within ten days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2259 Week Ending June 8, 2007
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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail . 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
6/18/07
Apple Valley Bank & Trust
Company, Cheshire
158 North Main Street
Southington, CT 06489
opening
date
CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
Date
Check Casher
Location
Activity
5/31/07
Mitra, LLC
d/b/a Street Corner News
7 Backus Avenue, #395
Danbury, CT 06810
approved
ORDER FOR HEARING
Pursuant to Section 36a-70 of the Connecticut General Statutes, the Commissioner has ordered a hearing to be held on June 18, 2007 at 9:00 a.m. in Room 50 of the Department of Banking, 260 Constitution Plaza, Hartford, Connecticut, to consider the issuance of a temporary certificate of authority with respect to the application of Robert Bantle , Stephen Carta , Thomas DiMaio , Gene Gorab , Tara Hawley and Brian Riley to organize Harbor Bank & Trust , Southport, Connecticut, for the purpose of doing business as a Connecticut bank.
CREDIT UNION ACTIVITY Merger
On June 6, 2007, the Banking Commissioner, pursuant to Section 36a-468a of the Connecticut General Statutes, granted approval to Mutual Security Credit Union, Inc. , Wilton, Connecticut, a Connecticut credit union to merge with Technology Groups Federal Credit Union , Watertown, Connecticut, a federally chartered credit union, with Mutual Security Credit Union, Inc , Inc. as the resulting credit union. Also on June 6, 2007, pursuant to Section 36a-437a(h) and Section 36a-438a(d) of the Connecticut General Statutes, the Banking Commissioner granted approval to Mutual Security Credit Union, Inc. , Wilton, Connecticut, to amend its bylaws to expand its field of membership in the State of Connecticut to include any and all persons who live, work, attend school, or worship in Fairfield, Litchfield and New Haven counties, as well as any and all businesses, corporations, organizations or associations located in such counties.
Dated: Tuesday, June 12, 2007
Howard F. Pitkin
Banking Commissioner