The Department of Banking News Bulletin 

 Bulletin # 1850
Week Ending August 6, 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 August 5, 1999, American Savings Bank, New Britain, Connecticut, filed an application pursuant to Section 36a-136 of the Connecticut General Statutes to convert from a mutual savings bank into a capital stock savings bank

On August 6, 1999, pursuant to Section 36a-181 of the Connecticut General Statutes, American Savings Bank, a Connecticut bank, filed an application for approval to organize a holding company, American Financial Holdings, Inc., as a Connecticut stock corporation. Pursuant to an Agreement and Plan of Reorganization filed with the application, American Financial Holdings, Inc. will acquire all of the common stock to be issued by American Savings Bank in connection with its conversion to stock form.