Regulatory Alerts2009-10-02
Added · Updated
News Bulletin 2380 - October 2, 2009
Salisbury Bank and Trust Company filed an application to acquire a significant part of the business of Webster Bank, National Association. Barnard Jacobs Mellet (USA) LLC entered into a Stipulation and Agreement to register an unregistered agent, refrain from paying commissions until registration is effective, and pay a $1,500 fine comprising a $1,000 administrative penalty and $500 for costs. The Commissioner issued a Temporary Order to Cease and Desist and an Order of Summary Suspension against Taylor, Bean & Whitaker Mortgage Corp. for failing to maintain required surety bonds at multiple locations. The Department of Banking also announced a Securities Forum 2009 on October 20, 2009, focusing on financial services reform.