The Department of Banking News Bulletin
Bulletin # 2220
Week Ending September 8, 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.
CONSUMER CREDIT DIVISION ATIVITY
Check Cashing Service License Activity
| Date | Check Casher | Location | Activity |
|---|---|---|---|
| 12/02/05 |
Main Street Check Cashers, LLC |
1611 Main Street
Hartford, CT 06120 |
filed |
| 02/26/06 |
Crespo Grocery
|
160 South Main Street
South Norwalk, CT 06854 |
filed |
|
05/08/06
|
Envios Gomez, LLC
|
557 Park Street
Hartford, CT 06106 |
filed
|
|
06/02/06
|
World Multiservice & Cargo
|
13 Willow Street
Waterbury, CT 06710 |
filed
|
|
07/19/06
|
Latino's Travel
d/b/a Eduardo Sarabia-Forero |
1697 Park Avenue
Bridgeport, CT 06604 |
approved
|
|
07/20/06
|
United Check Cashing
d/b/a Gelt Enterprises, Inc. |
757 Wolcott Street
Waterbury, CT 06705 |
filed
|
|
07/24/06
|
M.L.Financial Services of
Danbury, LLC |
213 White Street
Danbury, CT 06810 |
approved
|
|
07/28/06
|
Mariana's Bargain Store, Inc.
|
220 Stillwater Avenue
Stamford, CT 06902 |
filed
|
|
08/14/06
|
Connecticut State Check
Cashing Services, Inc. |
164 Boston Avenue
Bridgeport, CT 06610 |
filed
|
|
08/14/06
|
Sam's Deli
|
153 Highland Avenue
Waterbury, CT 06708 |
filed
|
|
08/14/06
|
Vasques Check Cashing
Services, Inc. |
399 Main Street
Danbury, CT 06810 |
filed
|
|
08/25/06
|
Music & Mas
d/b/a Jose Hernandez |
56 South Main Street
Norwalk, CT 06850 |
filed
|
|
08/25/06
|
C&A Market
|
1088 Boston Post Road
New Haven, CT 06516 |
filed
|
|
09/08/06
|
World Multiservice & Cargo
|
13 Willow Street
Waterbury, CT 06710 |
approved
|
ACQUISITION AND MERGER
On September 5, 2006, pursuant to Sections 36a-412(b) and 36a-125 of the Connecticut General Statutes, NewAlliance Bank, a Connecticut bank and wholly-owned subsidiary of NewAlliance Bancshares, Inc., and Westbank, a Massachusetts-chartered bank and wholly-owned subsidiary of Westbank Corporation, filed an application for the merger of Westbank with and into New Alliance Bank in connection with the simultaneous merger of their holding companies. In connection with the application, a community reinvestment plan was filed, which is available for public inspection and comment at the Department of Banking for a period of 30 days.
NOTICE OF INTENT TO ADOPT REGULATIONS
The Commissioner is issuing a Notice of Intent to Adopt Regulations concerning the payment of interest on funds held in escrow by mortgagees. A copy of the proposed regulations is attached or can be viewed at the Department’s website, www.ct.gov/dob/.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
California Firm Assessed $14,450 for Employing Unregistered
Broker-dealer Agents
On September 8, 2006, the Commissioner entered a Consent Order with respect to Jefferies & Company, Inc. of 11100 Santa Monica Boulevard, 11th Floor, Los Angeles, California. The firm is registered as a broker-dealer under the Connecticut Uniform Securities Act. The Consent Order alleged that, from 1999 to 2006, the firm employed unregistered broker-dealer agents at its branch office located at One Station Place, Suite Three North, Stamford, Connecticut. The Consent Order directed the firm to refrain from regulatory violations; implement revised supervisory and compliance procedures; and pay $14,450 to the department. Of the amount assessed, $10,000 constituted an administrative fine and $4,450 represented reimbursement for past due registration fees.
Dated: Wednesday, September 12, 2006
John P. Burke
Commissioner