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Date	Bank	Location	Activity
4/10/06	The Bank of Southern    Connecticut, New Haven	* 24 Washington Avenue    North Haven, CT 06473	approved
4/11/06	The Milford Bank Milford	2366 Main Street Stratford, CT  06615	filed
* To be known as The Bank of North Haven, a division         of The Bank of Southern Connecticut

On April 11, 2006, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by First Suffield Financial, Inc., of 100 percent of the issued and outstanding common stock of The First National Bank of Suffield, Suffield, Connecticut.

On April 13, 2006, The Governor and Company of the Bank of Ireland, a foreign bank with its principal place of business in Dublin, Ireland, filed an application pursuant to Section 36a-428a of the Connecticut General Statutes, to establish and maintain a state branch at 300 First Stamford Place, Stamford, Connecticut.

On April 5, 2006, the Commissioner entered a Consent Order with respect to Thomas Weisel Partners LLC, a broker-dealer registered under the Connecticut Uniform Securities Act and having its principal office at One Montgomery Street, Suite 3700, San Francisco, California.  The Consent Order followed a coordinated investigation into the firm’s research and investment banking activities conducted by a multi-state task force, and a joint task force of the Securities and Exchange Commission, New York Stock Exchange and National Association of Securities Dealers, Inc.  According to the Consent Order, Thomas Weisel Partners LLC allegedly violated Section 36b-4(b) of the Connecticut Uniform Securities Act by engaging in dishonest or unethical practices, including 1) failing to manage conflicts of interest arising from inappropriate influence exerted by the firm’s investment banking department over research analysts; 2) issuing research reports that were affected by such conflicts of interest; 3) making undisclosed payments for research to other broker-dealers not involved in underwriting transactions; and 4) receiving undisclosed payments for research from outside parties in connection with underwriting transactions.  The Consent Order also alleged that the firm violated Section 36b-31-6f(b) of the Regulations under the Act by failing to establish and implement an adequate supervisory system.

The Consent Order fined the firm $52,480 and directed it to cease and desist from regulatory violations.

On April 11, 2006, the Commissioner entered into a Stipulation and Agreement with Stralem & Company, Incorporated, a prior applicant for broker-dealer registration under the Connecticut Uniform Securities Act, and Stralem Fund, an open-end management investment company registered under the Investment Company Act of 1940.  Both entities maintain an office at 645 Madison Avenue, New York, New York.  In entering into the Stipulation and Agreement, Stralem & Company, Incorporated represented to the Commissioner that it had wound down its broker-dealer operations such that, effective January 3, 2006, it was no longer transacting business as a broker-dealer.  The Stipulation and Agreement alleged that, from at least 2003, Stralem & Company, Incorporated effected transactions in securities of the Stralem Equity Fund at a time when Stralem & Company, Incorporated was not registered as a broker-dealer in Connecticut and that, in so doing, Stralem & Company, Incorporated employed unregistered broker-dealer agents.  The Stipulation and Agreement also alleged that, from approximately September, 2003 until April 15, 2005, when a notice was filed, Stralem Fund failed to make the yearly investment company notice filing required by Section 36b-21(c) of the Act for the Stralem Equity Fund and failed to pay the related fees.

Pursuant to the Stipulation and Agreement, Stralem & Company, Incorporated agreed to pay $4,150 to the department.  Of that amount, $3,500 constituted an administrative fine and $650 represented reimbursement for past due broker-dealer and agent registration fees.  Under the Stipulation and Agreement, Stralem Fund agreed to pay $3,500 to the agency.  Of that amount $2,500 constituted an administrative fine and $1,000 represented reimbursement for notice filing fees covering calendar years 2003 and 2004.