State of Connecticut Department of Banking

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The Department of Banking News Bulletin 

Bulletin # 2361
Week Ending May 22, 2009

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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. 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 certain applications 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
5/18/09
Union Savings Bank
Danbury
FROM:  128 North Street
           Danbury, CT 06811
TO:      126 North Street
           Danbury, CT 06811
approved
to relocate

NAME CHANGE
On May 19, 2009, pursuant to Section 36a-82 of the Connecticut General Statutes, The Bank of Greenwich, Greenwich, received approval to change its name to The First Bank of Greenwich.  Upon filing the approval in the office of the Secretary of the State, such change of name shall be effective.
BANK ACQUISITION AND MERGER
On May 18, 2009, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of The Apple Valley Bank & Trust Company, a Connecticut bank, with and into New England Bank, a Connecticut bank that is a wholly owned subsidiary of New England Bancshares, Inc., a Connecticut holding company, the resultant bank to operate under the name New England Bank.  On May 18, 2009, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by New England Bancshares, Inc. of 100% of the voting securities of The Apple Valley Bank & Trust Company through such merger.
       Dated:  Wednesday, May 27, 2009
       Howard F. Pitkin
       Banking Commissioner