The Department of Banking News Bulletin

 Bulletin # 1800
Week Ending August 21, 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 loans will be made, 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.

Effective August 24, 1998, Moodus Savings Bank changed its name to Hometown Bank.

On August 19, 1998, pursuant to Section 36a-411 of the Connecticut General Statutes, the Banking Commissioner approved the application filed by HUBCO, Inc., to indirectly acquire and retain the ownership or control of 100% of the issued and outstanding voting stock of The Dime Savings Bank of Wallingford, and pursuant to Section 36a-125 of the Connecticut General Statutes, approval was granted for the merger of The Dime Savings Bank of Wallingford with and into Lafayette American Bank, the resulting bank to operate as a bank and trust company under the name Lafayette American Bank. The merger was effective on August 21, 1998. The Commissioner also issued a notice of intent not to disapprove the acquisition by HUBCO, Inc., of 100% of the beneficial ownership of the issued and outstanding voting stock of Dime Financial Corporation and, indirectly, The Dime Savings Bank of Wallingford.