State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2179
Week Ending November 25, 2005

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.

BRANCH ACTIVITY
State Bank 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.

Date Bank Location Activity
11/21/05
Union Savings Bank
Danbury
266-276 South Main Street
Newtown, CT  06470
filed
12/03/05
Fairfield County Bank Corp.
Ridgefield
760 Villa Avenue
Fairfield, CT  06432
opening
date
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Notice of Intent to Revoke and Cancel Registration
as Broker-dealer Issued
On November 21, 2005, the Commissioner issued a Notice of Intent to Revoke and Cancel Registration as Broker-dealer with respect to Bayou Securities, LLC of 40 Signal Road, Stamford, Connecticut.  The action was based on allegations that the firm had ceased doing business and had been the subject of a September 8, 2005 NASD suspension predicated on the firm’s failure to pay outstanding fees.  Bayou Securities, LLC was afforded an opportunity to request a hearing on the Notice of Intent to Revoke and Cancel Registration as Broker-dealer.
Dated:  Tuesday, November 29 2005

John P. Burke
Commissioner