The Department of Banking News Bulletin 

 Bulletin # 1813
Week Ending November 20, 1998

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 John P. Burke, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.

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 Bank Examination Division, (860) 240-8180.
Note: dates are listed in month/day/year format.

On November 18, 1998, pursuant to Section 36a-250(a)(7) of the Connecticut General Statutes, approval was granted to New England Bank & Trust Company to exercise trust powers.

On November 19, 1998, pursuant to Section 36a-81 of the Connecticut General Statutes, Aeltus Trust Company filed an application to relocate its main office from 242 Trumbull Street, Hartford, Connecticut, to 10 State House Square, Hartford, Connecticut.

On November 11, 1998, Cornerstone Bank, in connection with an application filed on October 22, 1998, pursuant to Section 36a-181 of the Connecticut General Statutes, filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.

On November 18, 1998, applications were filed by The Bank of New York Company, Inc., a New York corporation, and Alliance Capital Partners, L.P., a Delaware limited partnership, to establish offices of their jointly-owned subsidiary, BNY Mortgage Company LLC, a New York limited liability company, at 10 Mason Street, Greenwich, and 1150 East Putnam Avenue, Riverside, Connecticut.

Last year, this department adopted a new process of compiling both banking and related laws and regulations to ensure access to the most current versions. The department will revise and re-publish these compilations whenever legislative or regulatory changes necessitate a revision. The next revision should be completed following the close of the 1999 Connecticut General Assembly. Please note that our compilation of banking and related laws is not intended to be a substitute for the official General Statutes of Connecticut published by authority of the State of Connecticut nor is our compilation of regulations adopted by the Banking Commissioner intended to be a substitute for the official Regulations of Connecticut State Agencies published by the Commission on Official Legal Publications.

The cost for the combined banking and related laws and banking regulations compilation is $21.00. To obtain an order form, call or E-mail the Government Relations and Communications Office, (860) 240-8170.

If you have access to the Internet's World Wide Web, the department's web site also provides continually updated versions of our banking laws and regulations that can easily be downloaded.