Regulatory Alerts2009-04-17
Added · Updated
News Bulletin 2356 - April 17, 2009
The Connecticut Department of Banking announces a hearing on May 6, 2009, regarding the application by Ryan A. Duques and others to organize Sachem Bank in Madison. The bulletin also details a Notice of Intent to Revoke Registration as Agent for John D. Crooks following a nolo contendere plea to embezzlement. Additionally, the Commissioner entered into settlement agreements with multiple mortgage entities, including Signature Mortgage Group, which received a five-year bar from acting as a mortgage broker, and Cambridge Mercantile Corp., which agreed to pay a $5,000 civil penalty for unlicensed money transmission. Other settlements required contributions ranging from $500 to $43,000 to the State Regulatory Registry LLC for violations involving unregistered loan originators.