The Department of Banking News Bulletin
Bulletin # 1809
Week Ending October 23, 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.
STATE BANK ACTIVITY
Branch Activity
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.
| Date | Bank | Location | Activity |
|---|---|---|---|
| 10/19/98 | People's Bank Bridgeport |
*Stop & Shop Pine Street Forestville, CT 06010 |
approved |
| 10/19/98 | The Guilford Savings Bank Guilford |
50 Boston Street Guilford, CT 06437 |
approved |
| 10/19/98 | Fairfield County Savings Bank Norwalk |
1897 Post Road Darien, CT 06820 |
filed |
| 10/20/98 | People's Bank Bridgeport |
*Stop & Shop 680 Connecticut Avenue Route 1 Norwalk, CT 06856 |
approved |
| 10/21/98 | Tolland Bank Tolland |
1665 Ellington Road South Windsor, CT 06074 |
filed |
| 10/05/98 | Lafayette American Bank Bridgeport |
@ FROM: 2 Broadway Square
North Haven, CT 06473 TO: 90 Washington Street North Haven, CT 06473 |
approved to relocate |
| 10/05/98 | Lafayette American Bank |
@ FROM: 100 Hanover Street
Meriden, CT 06450 TO: 30 East Main Street Meriden, CT 06450 |
approved to relocate |
| 10/05/98 | Lafayette American Bank |
@ FROM: 180 Fairfield Avenue
Bridgeport, CT 06604 TO: 1000 Lafayette Blvd Bridgeport, CT 06604 |
approved to relocate |
| 10/05/98 | Lafayette American Bank |
@ FROM: 72 Queen Street
Southington, CT 06489 TO: 130 North Main Street Southington, CT 06489 |
approved
to relocate |
| 10/05/98 | Lafayette American Bank |
@ FROM: 60 Old Mill Road
Georgetown, CT 06829 TO: 60 Redding Road Georgetown, CT 06829 |
approved to relocate |
| 10/23/98 | Cornerstone Bank Stamford |
83 New Canaan Avenue Norwalk, CT 06851 |
approved |
| * Limited Branch @ The above approved relocations represent branch consolidations. | |||
MONEY ORDER AND TRAVELERS CHECK LICENSE ACTIVITY
Pursuant to the provisions of Section 36a-600 of the Connecticut General Statutes, on October 20, 1998, approval was granted to Trans-Fast Remittance, Inc. to engage in the business of receiving money for transmitting the same.
ORGANIZATION OF HOLDING COMPANY
On October 22, 1998, pursuant to Section 36a-181 of the Connecticut General Statutes, Cornerstone Bank, a capital stock Connecticut bank, filed an application for approval to organize a bank holding company, Cornerstone Bancorp, Inc., as a Connecticut stock corporation. Pursuant to an Agreement and Plan of Reorganization filed with the application, Cornerstone Bancorp, Inc. would acquire all the common stock of Cornerstone Bank.
NAME CHANGE
Effective October 19, 1998, Branford Savings Bank changed its name to Superior Savings of New England.
Dated: Tuesday, October 27, 1998
John P. Burke
Banking Commissioner