State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2861 - Week Ending December 21, 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 36a-145 of the Connecticut General Statutes requires certain applications for a branch or 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 the Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
 
DATE:  December 17, 2018
BANK: Ion Bank, Naugatuck
LOCATION:  4 Main Street, Farmington, CT  06032
ACTIVITY-BRANCH TYPE:  Approved to Establish Full Service Branch

 

Main Office Relocation

On December 17, 2018, pursuant to Section 36a-81 of the Connecticut General Statutes, Chelsea Groton Bank filed an application to relocate its main office from One Franklin Square, Norwich, Connecticut to 904 Poquonnock Road, Groton, Connecticut.


Interstate Loan Production Office

On December 19, 2018, the Commissioner approved the application of Magnolia Bank, Inc., a Kentucky-chartered community bank, to establish a loan production office in Connecticut pursuant to Section 36a-412(d) of the Connecticut General Statutes. The office will be located at 94 East Avenue in Norwalk, Connecticut. In connection with opening this office, Magnolia Bank, Inc. plans to close its loan production office at 1 Morgan Avenue, Third Floor, in Norwalk, Connecticut.


CREDIT UNION ACTIVITY

DATE: December 17, 2018
CREDIT UNION: Nutmeg State Financial Credit Union, Rocky Hill
LOCATION: 50 Chapin Avenue (inside Rocky Hill High School), Rocky Hill, CT 06067
ACTIVITY-BRANCH TYPE: Filed to Open a Limited Service Branch

 

      Dated: Tuesday, December 26, 2018

 

      Jorge L. Perez
      Banking Commissioner