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Section 36a-145 of the 2008 Supplement to the 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.

On July 1, 2008, pursuant to Section 36a-81 of the Connecticut General Statutes, Darien Rowayton Bank, Darien, requested approval to relocate its main office from 19 Corbin Drive, Darien, Connecticut, to 1001 Post Road, Darien, Connecticut.

On June 27, 2008, the Banking Commissioner entered a Consent Order with respect to Michael M. Reilly, a former broker-dealer agent of New Castle Financial Services LLC.  The Consent Order alleged that, on May 15, 2007, Michael Reilly violated Section 36b-26(d) of the Connecticut Uniform Securities Act by refusing to produce documents in response to a department issued subpoena.  The Consent Order fined Reilly $7,500; barred him for seven years from transacting business in Connecticut as a broker-dealer, agent, investment adviser, investment adviser agent or agent of issuer; and directed him to cease and desist from regulatory violations.

The Commissioner is issuing a Notice of Intent to Amend Regulations concerning protection from mortgage foreclosure.  A copy of the proposed regulations is attached or can be viewed at the Department’s website.

       Dated:  Tuesday, July 15, 2008