The Department of Banking News Bulletin
Bulletin # 2105
Week Ending June 25, 2004
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 Financial Institutions Division, (860) 240-8180.
State Bank Activity
| Date | Bank | Location | Activity |
|---|---|---|---|
| 6/17/04 | People's Bank Bridgeport |
Stop & Shop 248 Flanders Road East Lyme, CT 06333 |
opening date |
| 6/21/04 | First County Bank Stamford |
660 Main Street Norwalk, CT 06851 |
filed |
| 9/30/04 | People's Bank Bridgeport |
10 Frontage Road East Haven, CT 06512 |
closing date |
State Credit Union Activity
| Date | Credit Union | Location | Activity |
|---|---|---|---|
| 6/23/04 | Mutual Security Credit Union Wilton |
Corporate Center 39 Old Ridgebury Road Danbury, CT 06817 |
filed |
ACQUISITIONS
On June 22, 2004, pursuant to Section 36a-185 of the Connecticut General Statutes, as amended by Public Act 03-259, the Commissioner issued a notice of intent not to disapprove the acquisition by NorthShore Asset Management, LLC and NSCT, LLC of 90.06% of the voting securities of Circle Trust Company.
On June 21, 2004, an acquisition statement was filed on behalf of Naugatuck Valley Mutual Holding Company, a federal mutual holding company in organization, and Naugatuck Valley Financial Corporation, its subsidiary, pursuant to Section 36a-184 of the Connecticut General Statutes, for the acquisition of all of the voting securities of Naugatuck Valley Savings and Loan immediately following the conversion of Naugatuck Valley Savings and Loan, S.B., from a Connecticut mutual savings bank to a federal mutual savings bank pursuant to Section 36a-135 of the Connecticut General Statutes, as amended by Public Act 03-259.
John P. Burke
Commissioner