The Department of Banking News Bulletin

Bulletin # 1840
Week Ending May 28, 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-70 of the Connecticut General Statutes, on May 28, 1999, an application was filed by the organizers of West Hartford Bank & Trust for the establishment of a bank and trust company in West Hartford, Connecticut. The organizers are Robert J. Birnbaum, Gary S. Greenberg, Michael V. Gualtieri, Ronald D. Jarvis, Paul A. Lewis, Joyce D. Mandell, Arthur W. Noll, Richard Rubenstein, Joan L. Rusconi, and Robert A. Simons. Agent for the organizers is William W. Bouton, III, Tyler Cooper & Alcorn, LLP, City Place, 35th Floor, Hartford, Connecticut 06103-3488, (860) 725-6210.

Pursuant to the provisions of subsections (g) and (h) of Section 36a-437 of the Connecticut General Statutes, on May 20, 1999, The Norwalk Hospital Credit Union, Inc., filed an application to amend its certificate of organization and bylaws to expand its field of membership to include employees of healthcare related employers in the towns of Westport, Weston, Wilton, Redding, Ridgefield, New Canaan and Darien.

On May 26, 1999, pursuant to Section 36a-181 of the Connecticut General Statutes, American Bank of Connecticut, a capital stock Connecticut bank, filed an application for approval to organize a bank holding company, American Financial Bancorp, Inc., as a Connecticut stock corporation. Pursuant to an Agreement and Plan of Reorganization filed with the application, American Financial Bancorp, Inc. would acquire all the common stock of American Bank of Connecticut. In connection with the application, American Bank of Connecticut has filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.

On May 26, 1999, approval was granted to FMR Corp., a Massachusetts corporation, to establish an office of its subsidiaries, Fidelity Brokerage Services, Inc., and Strategic Advisers, Inc. d/b/a Fidelity Personal Advisory Services, both Massachusetts corporations, at 48 West Putnam Avenue, Greenwich, Connecticut.

On May 26, 1999, approval was granted to First American Corporation, a Tennessee corporation, to establish offices of its subsidiaries, INVEST Financial Corporation, a Delaware corporation, and INVEST Financial Corporation Insurance Agency Inc. of Connecticut, a Connecticut corporation, at Main & Bissell Street, Lakeville; 13 North Street, Litchfield; 707 Connecticut Avenue, Norwalk; and 29 South Main Street, West Hartford, Connecticut.