The Department of Banking News Bulletin

Bulletin # 2032
Week Ending January 31, 2003

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, Commissioner of Banking, 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.

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.

State Bank Activity

On January 29, 2003, pursuant to Section 36a-600 of the Connecticut General Statutes, South Exchange, Inc. received approval to engage in the business of money transmission.

On January 29, 2003, pursuant to Section 36a-600 of the Connecticut General Statutes, UniTransfer New York, Inc. d/b/a UniTransfer received approval to engage in the business of money transmission.

CONVERSION

On December 20, 2002, pursuant to Section 36a-135 of the Connecticut General Statutes, the Commissioner granted approval to Naugatuck Valley Savings and Loan Association, Naugatuck, Connecticut, to convert from a mutual savings and loan association to a mutual savings bank to be known as "Naugatuck Valley Savings and Loan, S.B.". The effective date of the conversion was January 24, 2003.