The Department of Banking News Bulletin

Bulletin # 1825
Week Ending February 12, 1999

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.

Pursuant to the provisions of Section 36a-145(h) of the Connecticut General Statutes, on February 8, 1999, New Haven Savings Bank requested approval to sell its branch located at 635 South Main Street, Middletown, Connecticut, to Liberty Bank, Middletown.

Pursuant to the provisions of Section 36a-82 of the Connecticut General Statutes, on December 18, 1998, NSS Bank, Norwalk, filed an application for permission to change its name to Summit Bank. Written objections to the application may be made, for a period of 30 days from the date of publication of this bulletin, on the grounds that the name selected will tend to confuse the public.

On February 8, 1999, Deutsche Bank AG, an Aktiengesellschaft (corporation) organized and existing under the laws of the Federal Republic of Germany, filed an application pursuant to Sections 36a-184 and 36a-412 of the Connecticut General Statutes for the acquisition through merger of Bankers Trust Corporation, a New York corporation, and, indirectly, of all of the voting stock of Bankers Trust Company Connecticut Ltd., a Connecticut bank organized solely to function in a fiduciary capacity.

On February 10, 1999, pursuant to Section 36a-184 of the Connecticut General Statutes, Webster Financial Corporation, a Delaware corporation, filed an application for the acquisition of Village Bancorp, Inc., a Connecticut Corporation, and indirectly, The Village Bank & Trust Company, a Connecticut bank