To protect the health and safety of the public and our employees, the Department of Banking has limited the number of employees at our office at 260 Constitution Plaza in Hartford. When contacting the Department, please use electronic communication whenever possible. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to and it will be routed appropriately. Thank you for your patience during this time.

The Department of Banking News Bulletin

Bulletin # 1832
Week Ending April 2, 1999

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 Written comments will be considered only if they are received within ten days from the date of this bulletin.


On March 29, 1999, Westminster Development Bank, with its main office located in Providence, Rhode Island, filed an application pursuant to Section 36a-412(a)(2) of the Connecticut General Statutes, to establish a de novo limited branch at 333 East River Drive, Suite 305, East Hartford, Connecticut.


Pursuant to the provisions of Section 36a-145(h) of the Connecticut General Statutes, on March 29, 1999, New Milford Savings Bank requested approval to sell its branch located at 200 New Hartford Road, Route 44, Winsted, Connecticut, to American Bank of Connecticut, Waterbury.


On April 1, 1999, pursuant to Section 36a-185 of the Connecticut General Statutes, the Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition by Webster Financial Corporation of all of the outstanding voting securities of Maritime Bank & Trust Company subject to the following conditions: (1) prior to consummation of the acquisition, Maritime Bank & Trust Company shall have obtained the requisite shareholder vote and Webster Financial Corporation, Webster Bank and Maritime Bank & Trust Company shall have obtained all approvals required under federal law, and (2) Webster Financial Corporation shall submit evidence of the above-mentioned vote and approvals to the Bank Examination Division of this department.


On March 29, 1999, an application was filed by BankAmerica Corporation, a Delaware corporation, to establish an office of its subsidiary, NationsCredit Financial Services Corporation, a North Carolina corporation, at Commerce Center One, 333 East River Drive, East Hartford, Connecticut.

Dated: Tuesday, April 6, 1999

John P. Burke
Banking Commissioner