To protect the health and safety of the public and our employees, the Department of Banking has limited the number of employees at our office at 260 Constitution Plaza in Hartford. When contacting the Department, please use electronic communication whenever possible. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to and it will be routed appropriately. Thank you for your patience during this time.

The Department of Banking News Bulletin 

Bulletin # 3062 - Week Ending October 28, 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.



Section 36a-145 of the Connecticut General Statutes requires that certain applications for a branch or 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 may be submitted when such applications are filed and any plans that are filed will be made available for public inspection and comment at the Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division at (860) 240-8180.

Branch Activity

DATE: October 6, 2022
BANK: The Milford Bank, Milford
LOCATION: FROM: 1455 Boston Post Road, Milford, CT 06460
TO: 51 Roses Mill Road, Milford, CT 06460
ACTIVITY-BRANCH TYPE: Filed Notice of Branch Relocation

DATE: October 21, 2022
BANK: Dime Bank, Norwich
LOCATION: 135 Talcottville Road, Vernon, CT 06066
ACTIVITY-BRANCH TYPE: Approved to Establish Full Service Branch 


Hudson Bay Capital Management LP (IARD No. 155910)

On October 24, 2022, the Banking Commissioner entered into a Stipulation and Agreement (No. ST-22-202246-S) with Hudson Bay Capital Management LP of 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830. The Stipulation and Agreement alleged that the firm, which is registered as an investment adviser with the Securities and Exchange Commission, violated the Connecticut Uniform Securities Act by failing to make the notice filing required by Section 36b-6(e) of the Act. In resolution of the matter, the firm agreed to refrain from regulatory violations and to pay a $2,500 fine to the agency.

      Dated:  Tuesday, November 1, 2022

      Jorge L. Perez
      Banking Commissioner