The Department of Banking News Bulletin
Bulletin # 2404
Week Ending March 19, 2010
Bulletin # 2404
Week Ending March 19, 2010
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.
STATE BANKING ACTIVITY
Change of Name
Change of Name
On March 16, 2010, pursuant to Section 36a-82 of the Connecticut General Statutes, The Chelsea Groton Savings Bank, Norwich, received approval from the Banking Commissioner to change its name to Chelsea Groton Bank.
Acquisition and Merger
On March 19, 2010, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Union Savings Bank of 100 percent of the voting securities of First Litchfield Financial Corporation and, indirectly, The First National Bank of Litchfield. Also on March 19, 2010, pursuant to Section 36a-126(a) of the Connecticut General Statutes, the Commissioner approved the merger of The First National Bank of Litchfield with and into Union Savings Bank.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Consent Order
Dated: Tuesday, March 23, 2010
Howard F. Pitkin
Banking Commissioner