The Department of Banking News Bulletin

 Bulletin # 1776
Week Ending March 6, 1998

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 John P. Burke, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.

Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which money will be lent, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. 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 Bank Examination Division, (860) 240-8180 . Note: dates are listed in month/day/year format.

Pursuant to the provisions of Section 36a-600 of the Connecticut General Statutes, on March 4, 1998, The Pay-O-Matic Corp. filed an application to engage in the business of receiving money for transmitting the same.

On March 6, 1998, approval was granted to Ulster Savings Bank, a New York corporation, to establish an office of its subsidiary, Ulster Home Mortgage, Inc., a Connecticut corporation, at 335 Post Road West, Westport, Connecticut.