The Department of Banking News Bulletin

Bulletin # 1829
Week Ending March 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.

On March 8, 1999, pursuant to Section 36a-70(n) of the Connecticut General Statutes, Essex Savings Bank applied for permission to exercise fiduciary powers.

Pursuant to Section 36a-70(i) of the Connecticut General Statutes, on March 9, 1999, the Banking Commissioner extended for 30 days the period for which the temporary certificate of authority of Castle Bank and Trust Company, Meriden (In Organization) is valid. The bank's certificate of authority will expire on April 19, 1999.

Pursuant to Section 36a-82 of the Connecticut General Statutes, on March 12, 1999, the Banking Commissioner approved the name change of NSS Bank to Summit Bank.

On March 9, 1999, applications were filed by Citigroup Inc., a Delaware corporation, to establish offices of its subsidiaries, Commercial Credit Corporation, a Maryland corporation, and Commercial Credit Loans, Inc., a Delaware corporation, at 34 Shunpike Road, Cromwell, and 326 West Main Street, Milford, Connecticut.

On March 12, 1999, approval was granted to Citigroup Inc., a Delaware corporation, to establish an office of its subsidiaries, Commercial Credit Corporation, a Maryland corporation, and Commercial Credit Loans, Inc., a Delaware corporation, at 1131 Tolland Turnpike, The Plaza at Burr Corners, Manchester, Connecticut.

On March 12, 1999, the Banking Commissioner granted approval, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, to Hudson United Bank to acquire a branch of First International Bank (formerly First National Bank of New England).