State of Connecticut Department of Banking

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The Department of Banking News Bulletin

Bulletin # 2823 - Week Ending March 30, 2018

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten business days from the date of this bulletin.

STATE BANK ACTIVITY

Branch Activity

Section 361-145 of the Connecticut General Statutes requires certain applications for a branch, of for a limited branch at which loans will be made, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  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: March 29, 2018
BANK:  United Bank, Rockville
LOCATION:  816 North Highway A1A, Point Vedra Beach, FL  32082
ACTIVITY-BRANCH TYPE:  Amended Application - Loan Production Office to Limited Branch

DATE: March 23, 2018
BANK:  Savings Institute Bank & Trust, Willimantic
LOCATION:  60 Cantor Drive, Willimantic, CT  06226
ACTIVITY-BRANCH TYPE:  Notice of Planned Closing of Full Service Branch

CONSUMER CREDIT DIVISION ACTIVITY

Order to Cease and Desist and Order Imposing Civil Penalty

On March 21, 2018, the Commissioner issued an Order to Cease and Desist and Order Imposing Civil Penalty (“Order”) in the Matter of: Capital Home Advocacy Center and Sergio L. Rodriguez (collectively, “Respondents”), Santa Ana, California. The basis of the Order was that Respondents engaged in debt negotiation in this state without obtaining the required licenses, in violation of Section 36a-671(b) of the Connecticut General Statutes. The Commissioner ordered that Respondents cease and desist from violating Section 36a-671(b) of the Connecticut General Statutes, imposed a civil penalty in the amount of $100,000 on each Respondent. In addition, the Order of Restitution issued against Respondents on January 10, 2018, remains in effect and became permanent against Respondent on January 31, 2018.

      Dated: Tuesday, April 3, 2018


      Jorge L. Perez
      Banking Commissioner