The Department of Banking News Bulletin 

Bulletin # 3034 - Week Ending April 15, 2022

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.


Order for Hearing

A hearing will be held on the application of Frederick R. Afragola, Louis A. Garcia, Paul J. Kuehner, Joseph J. Rucci, Jr., Thomas V. Ayoub, M.D., and Anthony J. Domino, Jr. to organize The New Canaan Bank, New Canaan, Connecticut, as a Connecticut bank pursuant to Section 36a-70 of the Connecticut General Statutes. The hearing will take place on May 9, 2022 at 1:00 p.m. at the Department of Banking, 260 Constitution Plaza, Room 50, Hartford, Connecticut, via videoconference, and via teleconference (860) 840-2075, Conference ID: 533 086 685#. 



On April 12, 2022, Cornerstone Community Credit Union (“Cornerstone Community”), a Connecticut credit union, and Merritt Federal Credit Union (“Merritt Federal”), a federal credit union, filed an application pursuant to Section 36a-468a of the Connecticut General Statutes seeking approval for the merger of Merritt Federal with and into Cornerstone Community. The proposed target date for the merger is September 30, 2022. 


      Dated:  Tuesday, April 19, 2022

      Jorge L. Perez
      Banking Commissioner