Bulletin # 2604 - Week Ending January 17, 2014

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 BANK ACTIVITY

Branch 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.

STATE BANK ACTIVITY

Consent Order

On January 14, 2014, the Commissioner entered into a Consent Order with Yolanda O’Keefe (“O’Keefe”). The Consent Order was based on an investigation by the Financial Institutions Division. As a result of such investigation, the Commissioner alleged that O’Keefe, while an employee at Connecticut Community Credit Union, engaged in an unsafe and unsound practice in connection with a credit union and used her position in a manner contrary to the interest of a credit union, both of which constitute grounds for removal pursuant to Section 36a-53(b)(1) of the Connecticut General Statutes. As part of the Consent Order, O’Keefe may not hold any position as a director, officer, employee or independent contractor with any bank, Connecticut credit union or federal credit union or with a holding company that holds a subsidiary that is a bank, or as a licensee or registrant under Title 36a or 36b of the Connecticut General Statutes, without the consent of the Commissioner.