The Department of Banking News Bulletin
Bulletin # 2658 - Week Ending January 30, 2015
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 Bruce H. Adams, Acting Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800. 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.
|
Date
|
Bank
|
Location
|
Activity
|
|
01/26/15
|
Fairfield County Bank
Ridgefield
|
**215 Post Road West
Westport, CT 06880
|
Opening
Date
|
| 01/30/15 |
United Bank
Rockville
|
12 Main Street
Ellington, CT 06029
|
Filed
|
| 01/30/15 |
United Bank
Rockville
|
**287 Somers Road
Ellington, CT 06029
|
Filed |
| 02/02/15 |
Torrington Savings Bank
Torrington
|
*30 Mason Street
Torrington, CT 06790
|
Opening
Date
|
| 05/15/15 |
United Bank
Rockville
|
**12 Main Street
Ellington, CT 06029
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
287 Somers Road
Ellington, CT 06029
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
124 Main Street
Broad Brook, CT 06016
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
6 Church Street
Northborough, MA 01532
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
701 Church Street
Whitinsbille, MA 01588
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
180 Main Street
Northampton, MA 01060
|
Closing
Date
|
| 05/15/15 |
United Bank
Rockville
|
491 Pleasant Street
Northampton, MA 01060
|
Closing
Date
|
|
*Limited Branch
**Loan Production Office
|
|||
CONSUMER CREDIT DIVISION ACTIVITY
Consent Order
On January 20, 2015, the Acting Commissioner entered into a Consent Order with Southwestern Investors Group, LLC (“Southwestern Investors”), Hamburg, New York. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Acting Commissioner alleged that Southwestern Investors acted as a consumer collection agency in Connecticut without the required license, in violation of Section 36a-801(a) of the 2014 Supplement to the General Statutes. As part of the Consent Order, Southwestern Investors paid $2,500 as a civil penalty and $500 as a back licensing fee.
Dated: Tuesday, February 3, 2015
Bruce H. Adams
Acting Banking Commissioner