The Department of Banking News Bulletin 

Bulletin # 3024 - Week Ending February 4, 2022

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.



On February 3, 2022, Ion Bank, a Connecticut-chartered savings bank, filed an application pursuant to Section 36a-412(b) of the Connecticut General Statutes to merge Lincoln 1st Bank, a New Jersey-chartered savings bank, with and into Ion Bank. The parties intend to close the transaction at the beginning of the third quarter of 2022.  


Branch Activity

DATE: January 31, 2022 
CREDIT UNION: Mutual Security Credit Union, Shelton, CT 
LOCATION: FROM: 12 Progress Drive, Shelton, CT 06484 
TO: 1000 Bridgeport Avenue, Shelton, CT 06484
ACTIVITY-BRANCH TYPE: Filed to Relocate Branch

Main Office Relocation

On January 31, 2022, Mutual Security Credit Union filed an application to relocate its main office from 12 Progress Drive, Shelton, CT 06484 to 1000 Bridgeport Avenue, Shelton, CT 06484 pursuant to Section 36a-463b of the Connecticut General Statutes. The credit union anticipates the relocation to take place in the 2nd quarter of 2023.  


      Dated:  Tuesday, February 8, 2022

      Jorge L. Perez
      Banking Commissioner