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 # 1900
Week Ending July 21, 2000

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.

Branch Activity

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.

Date Bank Location Activity
7/17/00 New Haven Savings Bank
New Haven
316 Main Street, Route 150
Wallingford, CT 06492
7/17/00 New Haven Savings Bank
New Haven
377 East Main Street
Branford, CT 06405
7/17/00 Naugatuck Valley Savings
  and Loan Association,Inc.
FROM: 1007 New Haven Rd.
          Naugatuck, CT 06770
TO:     1009 New Haven Rd.
          Naugatuck, CT 06770
to relocate
7/21/00 Citizens Bank of
New London
FROM: 377 State Street
         North Haven, CT 06473
TO:    127 Washington Ave.
         North Haven, CT 06473
filed to


Pursuant to the provisions of Section 36a-82 of the Connecticut General Statutes, on July 21, 2000, New Milford Savings Bank, New Milford, filed an application for permission to change its name to NewMil Bank. Written objection to the application may be made for a period of 30 days from the date of publication of this bulletin on the grounds that the name selected will tend to confuse the public.


On July 20, 2000, pursuant to Section 36a-600 of the Connecticut General Statutes, Cyberbills, Inc. filed an application to engage in the business of receiving money for transmitting the same.


On July 18, 2000, approval was granted to Roslyn Bancorp, Inc., a Delaware corporation, to establish an office of its subsidiary, Roslyn National Mortgage Corporation, a New York corporation, at 15 North Main Street, West Hartford, Connecticut.


On July 18, 2000, The Advest Group, Inc., a Delaware corporation, filed an application to establish an office of its subsidiary, Advest, Inc., a Delaware corporation, at 200 Glastonbury Boulevard, Glastonbury, Connecticut.

On July 20, 2000, an application was filed by Citigroup, Inc., a Delaware corporation, to establish an office of its subsidiaries, CitiFinancial, Inc., a Maryland corporation, and CitiFinancial Services, Inc., a Delaware corporation, at 113 Salem Turnpike, Norwich, Connecticut.

Dated: Tuesday, July 25, 2000

John P. Burke
Banking Commissioner