The Department of Banking News Bulletin
Bulletin # 1817
Week Ending December 18, 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 |
|---|---|---|---|
| 12/11/98 | Lafayette American Bank, Bridgeport |
@FROM: 2 Broadway Square
North Haven, CT 06473 TO: 90 Washington Avenue North Haven, CT 06473 |
relocation effective date |
| 12/11/98 | Lafayette American Bank, Bridgeport |
@FROM:100 Hanover Street
Meriden, CT 06450 TO: 30 East Main Street Meriden, CT 06450 |
relocation effective date |
| 12/11/98 | Lafayette American Bank, Bridgeport |
@FROM: 72 Queen Street
Southington, CT 06489 TO: 130 North Main Street Southington, CT 06489 |
relocation effective date |
| 12/11/98 | Fairfield County Savings Bank Norwalk |
*707 Connecticut Avenue Norwalk, CT 06854 |
filed |
| 12/11/98 | New Canaan Bank and Trust Company |
1959 Summer Street Stamford, CT 06905 |
filed |
| 12/13/98 | People's Bank Bridgeport |
*Super Stop & Shop 17 Quality Street Trumbull, CT 06611 |
opening date |
| 12/14/98 | Cornerstone Bank Stamford |
**within 5 mile radius of 213 East Putnam Ave. Cos Cob, CT 06807 |
approved |
| 12/14/98 |
The Dime Savings Bank
of Norwich, Norwich |
14-18 Chesterfield Rd. Route 161 East Lyme, CT 06333 |
approved |
| * Limited Branch ** Mobile Branch @ Branch Consolidations | |||
ACQUISITION AND MERGER
On December 18, 1998, Summit Bancorp, a bank holding company with its principal place of business in New Jersey, its wholly-owned subsidiary, NSS Bank, a Connecticut bank, and New Canaan Bank and Trust Company, a Connecticut bank, filed an application pursuant to Sections 36a-411, 36a-184 and 36a-125 of the Connecticut General Statutes, as amended by Public Act 98-260, for the merger of New Canaan Bank and Trust Company with and into NSS Bank. In connection with the proposed transactions, Summit Bancorp and New Canaan Bank and Trust Company have also filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.
SECTION 36a-425 APPLICATIONS
On December 15, 1998, applications were filed by KeyCorp, an Ohio corporation, to establish offices of two of its subsidiaries, Key Corporate Capital Inc., a Michigan corporation, at 396 Danbury Road, Wilton, and Leasetec Corporation, a Delaware corporation, at 191 Post Road West, Westport, Connecticut.
John P. Burke
Banking Commissioner