In accordance with Governor Lamont's emergency declaration, employees and the public are asked to observe social distancing measures to ensure communal safety and to slow the spread of the novel coronavirus (COVID-19). People are asked to work from home and telecommute wherever possible. Adhering to these instructions, the Department of Banking has closed its offices to the public. However, agency staff will continue to provide services to consumers and industry through telework. When contacting the Department, please use electronic communication whenever possible. Agency staff will continue to check voicemails during this time. 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 # 2730
Week Ending June 17, 2016

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  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 certain applications for a branch, or for a limited branch at which loans will be made, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  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 Financial Institutions Division, (860) 240-8180.

Date Bank Location Activity-Branch Type
Simsbury Bank & Trust Company
21 County Road
Route 6
P.O. Box 168
Mattapoisett, MA  02739
Closing Date - Loan
Production Office
Simsbury Bank & Trust Company
51 Jefferson Boulevard
1st Floor
Warwick, RI  02888
Closing Date - Loan
Production Office
Farmington Bank
135 Talcottville Road
Vernon, CT  06066
Opening Date -
Full Service Branch
United Bank
100 Cummings Center
Beverly, MA  01915
Closing Date - Loan
Production Office

On June 15, 2016, Fieldpoint Private Bank & Trust, a federally-chartered stock savings bank with its main office in Greenwich, Connecticut, filed an application pursuant to Section 36a-137 of the Connecticut General Statutes to convert into a  Connecticut bank and trust company.

Consent Order
On June 8, 2016, the Commissioner entered into a Consent Order with Falcon Funding LLC (NMLS # 842865) (“Falcon Funding”), Hamden, Connecticut, Deborah Ann Moxam (NMLS # 74194) (“Moxam”), and Ian M. Williams (NMLS # 93397) (“Williams”) (collectively, “Respondents”).  The Consent Order was based on an examination and investigation by the Consumer Credit Division.  As a result of such examination and investigation, on March 7, 2016, the Commissioner issued a Temporary Order to Cease and Desist, Order of Summary Suspension, Notice of Intent to Revoke Mortgage Broker License, Notice of Intent to Revoke Mortgage Loan Originator Licenses, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively “Order and Notice”), which was later amended and restated on May 2, 2016 (“Amended and Restated Order and Notice”).  The Commissioner alleged that Respondents failed to produce loan files during an examination, altered loan file documents, and failed to cooperate with the Commissioner, each contributing to their respective failure to demonstrate the character and general fitness such as to command the confidence of the community and to warrant a determination that each Respondent will operate honestly, fairly and efficiently.  As part of the Consent Order, Falcon Funding, and any successor in interest, is barred from acting as a mortgage broker in Connecticut or in any other capacity which requires a license or registration from the Commissioner, while Moxam and Williams are each barred from acting as a mortgage loan originator or loan processor or underwriter in Connecticut and from acting as a control person of a mortgage broker, mortgage lender or mortgage correspondent lender in Connecticut.

Dated: Tuesday, June 21, 2016

Jorge L. Perez
Banking Commissioner