News Bulletin 2272 - September 7, 2007

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2272 Week Ending September 7, 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

9/06/07

NewAlliance Bank

New Haven

560 Hawley Lane

Stratford, CT  06614

approved

CONSUMER CREDIT DIVISION

Check Cashing Service License Activity

Date

Bank

Location

Activity

9/06/07

Connecticut State Check

Cashing Service, Inc.

2268 Fairfield Avenue

Bridgeport, CT  06606

approved

Notice of Intent to Issue Order to Cease and Desist and Notice of Right to Hearing

On August 29, 2007, the Commissioner issued a Notice of Intent to Issue Order to Cease and Desist and Notice of Right to Hearing (“Notice”) In the Matter of: American Home Mortgage Servicing, Inc. (“AHMS”).  The Notice was based on the allegation that AHMS, a mortgage servicing company which has its principal place of business at 538 Broadhollow Road, Melville, New York, received funds from mortgagors of real property located in Connecticut for real estate taxes and failed to pay such taxes for at least 38 mortgagors, in violation of Section 36a-716(a) of the Connecticut General Statutes.  AHMS was afforded an opportunity to request a hearing with regard to the allegations set forth in the Notice.  A copy of the Notice can be obtained from the department's website, www.ct.gov/dob or by contacting the department's Legal Division.

Dated:  Tuesday, September 11, 2007

Howard F. Pitkin

Banking Commissioner