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 Department.Banking@ct.gov and it will be routed appropriately. Thank you for your patience during this time.

The Department of Banking News Bulletin 

Bulletin # 2870 - Week Ending February 22, 2019

 

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

Acquisition and Merger 
 
On February 19, 2019, Berkshire Hills Bancorp, Inc., a Delaware corporation and bank holding company headquartered in Boston, Massachusetts, filed an acquisition statement and application pursuant to Sections 36a-184 and 36a-411 of the Connecticut General Statutes to acquire SI Financial Group, Inc., a bank holding company headquartered in Willimantic, Connecticut. Also on February 19, 2019, Berkshire Bank, a Massachusetts trust company and wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., filed an application pursuant to Section 36a-412 of the Connecticut General Statutes for the merger of Savings Institute Bank and Trust Company, a Connecticut bank headquartered in Willimantic, Connecticut and wholly-owned subsidiary of SI Financial Group, Inc., with and into Berkshire Bank.  

 

STATE CREDIT UNION ACTIVITY

Field of Membership Amendment

On February 15, 2019, American Eagle Financial Credit Union, Inc., East Hartford, Connecticut, a Connecticut credit union, filed a request for approval to amend its bylaws pursuant to Section 36a-437a(h)(3) of the Connecticut General Statutes, to expand its field of membership to include Hampden County, Massachusetts.

 

      Dated: Tuesday, February 26, 2019

 

      Jorge L. Perez
      Banking Commissioner