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The Department of Banking News Bulletin 

Bulletin # 2209
Week Ending June 23, 2006

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.



ACQUISITION
On June 22, 2006, pursuant to Section 36a-184 of the Connecticut General Statutes, Plainfield Greenwich Holdings LLC, a Delaware limited liability company, filed an acquisition statement to acquire more than 10% but less than 25% of the issued and outstanding common stock of The Bank of Greenwich, a Connecticut bank (in organization).
CONSUMER CREDIT DIVISION ACTIVITY
Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage
Broker License and Notice of Right to Hearing Issued
On June 20, 2006 the Commissioner issued a Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage Broker License and Notice of Right to Hearing (“Order”), In the Matter of: 1st Continental Mortgage, Inc. (“Respondent”) of 1040 Bayview Drive, Suite 610, Ft. Lauderdale, Florida.  The action is based on Respondent’s failure to maintain a surety bond that runs concurrently with the period of its first mortgage broker license, in violation of Section 36a-492(a) of the Connecticut General Statutes.  In the Order, the Commissioner gave Notice that on March 27, 2006, Respondent’s license to act as a first mortgage broker in Connecticut was automatically suspended and that the Commissioner intends to revoke Respondent’s license to act as a first mortgage broker in Connecticut.  Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order.  A copy of the Order can be obtained from the department's website, www.ct.gov/dob or by contacting the department's Legal Division.
Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage
Correspondent Lender/Broker and Secondary Mortgage Correspondent
Lender/Broker License and Notice of Right to a Hearing Issued
On June 20, 2006 the Commissioner issued a Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage Correspondent Lender/Broker and Secondary Mortgage Correspondent Lender/Broker Licenses and Notice of Right to Hearing (“Order”), In the Matter of: American Fidelity, Inc. (“Respondent”), of 10200 Daradale Avenue, Baton Rouge, Louisiana.  The action is based on Respondent’s failure to maintain a surety bond that runs concurrently with the period of its first mortgage correspondent lender/broker license, in violation of Section 36a-492(a) of the Connecticut General Statutes.  In the Order, the Commissioner gave Notice that on March 27, 2006, Respondent’s license to act as a first mortgage correspondent lender/broker in Connecticut was automatically suspended and that the Commissioner intends to revoke Respondent’s licenses to act as a first mortgage correspondent lender/broker and secondary mortgage correspondent lender/broker in Connecticut.  Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order.  A copy of the Order can be obtained from the department's website, www.ct.gov/dob or by contacting the department's Legal Division.

Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage
Broker License and Notice of Right to Hearing Issued
On June 20, 2006 the Commissioner issued a Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage Broker License and Notice of Right to Hearing (“Order”), In the Matter of: Nationwide Financial Group LLC (“Respondent”) of 4130 Faber Place Drive #202, North Charleston, South Carolina.  The action is based on Respondent’s failure to maintain a surety bond that runs concurrently with the period of its first mortgage broker license, in violation of Section 36a-492(a) of the Connecticut General Statutes.  In the Order, the Commissioner gave Notice that on March 27, 2006, Respondent’s license to act as a first mortgage broker in Connecticut was automatically suspended and that the Commissioner intends to revoke Respondent’s license to act as a first mortgage broker in Connecticut.  Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order.  A copy of the Order can be obtained from the department's website, www.ct.gov/dob or by contacting the department's Legal Division.
Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage
Broker License and Notice of Right to Hearing Issued
On June 20, 2006 the Commissioner issued a Notice of Automatic Suspension, Notice of Intent to Revoke First Mortgage Broker License and Notice of Right to Hearing (“Order”), In the Matter of: Sherman Financial Services Inc., d/b/a S.F. Mortgage (“Respondent”), of 4 Barlows Landing Road #20, Pocasset, Massachusetts.  The action is based on Respondent’s failure to maintain a surety bond that runs concurrently with the period of its first mortgage broker license, in violation of Section 36a-492(a) of the Connecticut General Statutes.  In the Order, the Commissioner gave Notice that on April 3, 2006, Respondent’s license to act as a first mortgage broker in Connecticut was automatically suspended and that the Commissioner intends to revoke Respondent’s license to act as a first mortgage broker in Connecticut.  Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order.  A copy of the Order can be obtained from the department's website, www.ct.gov/dob or by contacting the department's Legal Division.
         Dated:  Tuesday, June 27, 2006
         John P. Burke
         Commissioner