State of Connecticut Department of Banking

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The Department of Banking News Bulletin 

Bulletin # 2340
Week Ending December 26, 2008

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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.

CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
Date Check Casher Location Activity
12/22/08
Valley Check Cashing
d/b/a Donna Rabenold
51 Pershing Drive
Ansonia, CT 06401
filed

MAIN OFFICE RELOCATION
Effective December 17, 2008, The Bank of Fairfield, Fairfield, relocated its main office from 2248 Black Rock Turnpike, Fairfield, to 2150 Post Road, Fairfield.  The office at 2248 Black Rock Turnpike, Fairfield, will remain open as a branch of the Bank.

INTEREST RATE TO BE PAID ON CLAIMS FOR PROPERTY, FUNDS OR
MONEY DELIVERED TO THE STATE TREASURER PURSUANT TO
SECTION 3-57a(a)(1) or (2), MORTGAGE ESCROW ACCOUNTS,
PUBLIC SERVICE COMPANY, CERTIFIED TELECOMMUNICATIONS PROVIDER
AND ELECTRIC SUPPLIER CUSTOMER SECURITY DEPOSITS
AND TENANT SECURITY DEPOSITS
In accordance with Sections 3-70a(e), 16-262j(d), 47a-21(i)(2) and 49-2a(c) of the Connecticut General Statutes, the deposit index for calendar year 2009 is 0.60%. However, Sections 3-70a(e), 16-262j(c), 47a-21(i)(1) and 49-2a(a) provide that in no event shall the rate be less than 1.5%.  Therefore, the interest rate to be paid on claims for property, funds or money delivered to the State Treasurer pursuant to Section 3-57a(a)(1) or (2), and mortgage escrow accounts, public service company, certified telecommunications provider and electric supplier customer security deposits and tenant security deposits is 1.5% for the period commencing January 1, 2009 and ending December 31, 2009.

       Dated:  Tuesday, December 30, 2008

       Howard F. Pitkin
       Banking Commissioner