The Department of Banking News Bulletin

Bulletin # 1779
Week Ending March 27, 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.

On March 24, 1998, approval was granted to Norwest Corporation, a Minnesota corporation, to establish an office of its subsidiary, Norwest Mortgage, Inc., a California corporation, at 383 Main Avenue, Norwalk, Connecticut.

On March 27, 1998, pursuant to Section 36a-185 of the Connecticut General Statutes, the Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition by David B. Payne of an additional 3.5% of the stock of Trust Company of Connecticut to increase his beneficial ownership from 23.6% to 27.1% of the common stock of Trust Company of Connecticut, a Connecticut bank organized to function solely in a fiduciary capacity.