State of Connecticut Department of Banking

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The Department of Banking News Bulletin 

Bulletin # 2832 - Week Ending June 1, 2018

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 business days from the date of this bulletin.

STATE BANK ACTIVITY

Branch 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:  May 30, 2018
BANK:  The First Bank of Greenwich, Cos Cob
LOCATION:  500 Westchester Avenue, Port Chester, NY  10573
ACTIVITY-BRANCH TYPE:  Approved to Establish Full Service Branch

DATE:  May 31, 2018
BANK:  United Bank, Hartford
LOCATION:  374 Post Road East, Westport, CT  06880
ACTIVITY-BRANCH TYPE:  Filed to Establish Full Service Branch

DATE:  June 22, 2018
BANK:  Farmington Bank, Farmington
LOCATION:  28 School Street, Branford, CT  06405
ACTIVITY-BRANCH TYPE:  Closing Date of Loan Production Office
  

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On May 24, 2018, the Commissioner entered into a Consent Order with Aldous & Associates PLLC d/b/a Aldous & Associates LLC (NMLS # 1401770) (“Aldous”), Holladay, Utah. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that Aldous acted within this state as a consumer collection agency without the requisite consumer collection agency license, in violation of Section 36a-801(a) of the Connecticut General Statutes. As part of the Consent Order, Aldous paid $5,000 as a civil penalty.

Notice of Intent to Issue Order to Cease and Desist and Notice of Intent to Impose Civil Penalty

On May 24, 2018, the Commissioner issued a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing In the Matter of: PBCM of West Virginia, Inc. (NMLS # 1658069) (“Respondent”), Glen Allen, Virginia. The Notice was the result of an investigation by the Consumer credit Division. The Commissioner alleges that Respondent made false or misleading statements in a material respect to the Commissioner, in violation of Section 36a-53a of the Connecticut General Statutes. Respondent was afforded an opportunity to request a hearing on the allegation set forth in the Notice.

      Dated: Tuesday, June 5, 2018


      Jorge L. Perez
      Banking Commissioner