The Department of Banking News Bulletin
Bulletin # 2790
Week Ending August 11, 2017
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.
STATE BANK ACTIVITY
Section 361-145 of the Connecticut General Statutes requires certain applications for a branch, of 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: August 9, 2017
BANK: The Milford Bank, Milford
LOCATION: 96B Broad Street, Guilford
ACTIVITY-BRANCH TYPE: Filed to Open Branch - Limited Branch
DATE: August 11, 2017
BANK: Salisbury Bank and Trust Company, Lakeville
LOCATION: FROM: 52 Route 17K, Suite 201, Newburgh, NY 12550
TO: 801 Auto Park Place, Newburgh, NY 12550
ACTIVITY-BRANCH TYPE: Approved to Relocate - Full Service Branch
Interstate Loan Production Office
On August 11, 2017, the Commissioner approved the application of Magnolia Bank, Inc., a Kentucky-chartered community bank, to establish a loan production office in Connecticut pursuant to Section 36a-412(d) of the Connecticut General Statutes. The office will be located at 1 Morgan Avenue, Third Floor, Norwalk, Connecticut.
Notice of Intent to Issue Order to Cease and Desist
and notice of Intent to Impose Civil Penalty
Dated: Tuesday, August 15, 2017
Jorge L. Perez