Regulatory Alerts2007-09-14
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News Bulletin 2273 - September 14, 2007
The Department of Banking adopted new regulations on September 7, 2007, governing the conversion of mutual Connecticut banks to capital stock banks. Additionally, Prime Mortgage Financial, Inc. entered into a settlement agreement requiring a $13,000 civil penalty for employing unregistered loan originators in violation of Connecticut General Statutes. Rockville Bank is authorized to open a branch at 43 Prospect Hill Road in East Windsor, CT, effective September 13, 2007. Public comments on these matters must be submitted in writing within ten days of the bulletin's date.
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