State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2215
Week Ending August 4, 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.

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
7/31/06
Fairfield County Bank Corp.
Ridgefield
915 White Plains Road
Trumbull, CT  06622
filed
7/31/06
Dime Bank
Norwich
351 North Frontage Road
New London, CT  06320
filed
7/31/06
NewAlliance Bank
New Haven
FROM:670 North Colony Road
         Wallingford, CT  06492
TO:    741 North Colony Road
         Wallingford, CT  06492
opening
date
National Bank Activity
Date Bank Location Activity
8/02/06
HSBC National Bank USA
Bethesda, Maryland
7 Landmark Square
Stamford, CT  06901
filed
INTERSTATE DE NOVO BRANCH
On August 2, 2006, pursuant to Section 36a-412(a)(2) of the Connecticut General Statutes and Section 36a-145(b)(1) of the 2006 Supplement to the General Statutes, HSBC National Bank USA, a national bank in organization with its main office to be located in Bethesda, Maryland, filed an application to establish a de novo branch at 7 Landmark Square, Stamford, Connecticut.  In connection with the application, a community reinvestment plan was filed, and is available for public inspection and comment at the Department of Banking for a period of 30 days.
ACQUISITION
On August 1, 2006, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Plainfield Greenwich Holdings LLC of more than 10% but less than 25% of the issued and outstanding voting securities of The Bank of Greenwich.
EFFECTIVE REGULATIONS
Attached to this issue of the Bulletin is a copy of amended regulations concerning public deposits.  The amended regulations were effective July 31, 2006, and are available on the Department’s website.
CONSUMER CREDIT DIVISION ACTIVITY
Orders Revoking First Mortgage Broker Licenses
On July 31, 2006, the Commissioner issued an Order Revoking First Mortgage Broker License (“Order”) In the Matter of:  Sherman Financial Services Inc., d/b/a S.F. Mortgage (“Respondent”) of Pocasset, Massachusetts.  The action was based on the fact that Respondent failed to maintain a surety bond in violation of Section 36a 492(a) of the Connecticut General Statutes.  Respondent was given an opportunity to request a hearing and failed to request a hearing in this matter.  A copy of the Order can be obtained from the department's website or by contacting the department's Legal Division.
On July 31, 2006, the Commissioner issued an Order Revoking First Mortgage Broker License (“Order”) In the Matter of:  Nationwide Financial Group LLC (“Respondent”) of North Charleston, South Carolina.  The action was based on the fact that Respondent failed to maintain a surety bond in violation of Section 36a-492(a) of the Connecticut General Statutes.  Respondent was given an opportunity to request a hearing and failed to request a hearing in this matter.  A copy of the Order can be obtained from the department's website or by contacting the department's Legal Division.
         Dated:  Tuesday, August 8, 2006
         John P. Burke
         Commissioner