Regulatory Alerts2009-04-03
Added · Updated
News Bulletin 2354 - April 3, 2009
The Connecticut Department of Banking solicits public comments on NewAlliance Bank's application to close branches at 12 Main Street in New Haven and 7 Providence Pike in Putnam by June 26, 2009. It also notifies the public of Collinsville Savings Mutual Holding Company's application to establish a subsidiary holding company and its merger with Connecticut Mutual Holding Company. Additionally, the Department approved a check cashing service license for Norwalk Variety LLC at 61 Main Street in Norwalk. Written comments regarding these matters must be submitted within ten days of the bulletin's date.
State of Connecticut Department of Banking
The Department of Banking News Bulletin
Bulletin # 2354 Week Ending April 3, 2009
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 certain applications 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
6/26/09
NewAlliance Bank
New Haven
12 Main Street
Essex, CT 06426
closing
date
6/26/09
NewAlliance Bank
New Haven
7 Providence Pike
Putnam, CT 06260
closing
date
MERGER AND ACQUISITION
On April 1, 2009, pursuant to Section 36a-198 of the Connecticut General Statutes, Collinsville Savings Mutual Holding Company , a Connecticut mutual holding company that owns 100% of the stock of Collinsville Savings Society , a Connecticut bank, filed an application for the establishment of a subsidiary holding company, to be known as Collinsville Stock Holding Company , in connection with a transaction involving the merger of Collinsville Savings Mutual Holding Company with and into Connecticut Mutual Holding Company , a Connecticut mutual holding company that owns 100% of the stock of Northwest Community Bank and Litchfield Bancorp , both Connecticut banks. In accordance with Section 36a-194 of the Connecticut General Statutes, Connecticut Mutual Holding Company filed an acquisition statement pursuant to Section 36a-184 for the indirect acquisition of Collinsville Stock Holding Company and Collinsville Savings Society through the merger of Collinsville Savings Mutual Holding Company with and into Connecticut Mutual Holding Company .
CONSUMER CREDIT DIVISION ACTIVITY Check Cashing Service License Activity
Date
Check Casher
Location
Activity
4/01/09
Norwalk Variety LLC
61 Main Street
Norwalk, CT 06851
approved
Dated: Tuesday, April 7, 2009
Howard F. Pitkin
Banking Commissioner