The Department of Banking News Bulletin
Bulletin # 3059 - Week Ending October 7, 2022This 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.
Interstate Branch Activity
On September 14, 2022, Centreville Bank, a Rhode Island-chartered savings bank, filed notice pursuant to Connecticut General Statutes Sections 36a-412 and 36a-145(f) of the closing of its branch at 251 Kennedy Drive (Price Chopper) in Putnam, Connecticut. The proposed closing date is December 20, 2022. Any comments received by the Commissioner will be forwarded to their State Regulator.
CONSUMER CREDIT DIVISION ACTIVITYConsent Order
On September 6, 2022, the Commissioner entered into a Consent Order with Torrington Wireless LLC (“Torrington Wireless”), Torrington, Connecticut. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that from January 2019 until the filing of a current license application, Torrington Wireless engaged in the business of cashing checks, drafts or money orders for consideration in Connecticut without licensure at its primary business address, in violation of Section 36a-581(a) of the Connecticut General Statutes. As part of the Consent Order, Torrington Wireless agreed to pay $5,000 as a civil penalty and $1,900 back licensing fees.
Jorge L. Perez