Bulletin # 3042 - Week Ending June 10, 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.

BANK ACTIVITY

Branch Activity

Section 36a-145 of the Connecticut General Statutes requires that 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 may be submitted when such applications are filed and any plans that are filed will be made 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 at (860) 240-8180.

DATE: June 7, 2022
BANK: Ion Bank, Naugatuck
LOCATION: Crosby High School, 300 Pierpont Road, Waterbury, CT 06705
ACTIVITY-BRANCH TYPE: Filed to Establish Limited Branch

DATE: June 7, 2022
BANK: Ion Bank, Naugatuck
LOCATION: 376 North Main Street, Southington, CT 06489
ACTIVITY-BRANCH TYPE: Filed to Establish Full Service Branch

DATE: June 10, 2022
BANK: Thomaston Savings Bank, Thomaston
LOCATION: Thomaston High School, 185 Branch Road, Thomaston, CT 06787
ACTIVITY-BRANCH TYPE: Filed Notice to Establish a Special Need Limited High School Branch

 
Acquisition

On June 9, 2022, the Commissioner issued a notice of intent not to disapprove the acquisition by Vanguard Group, Inc., Malvern, Pennsylvania, and its subsidiaries and affiliates collectively known as Vanguard, of more than 10% of the stock of Webster Financial Corporation, the holding company of Webster Bank, a national bank headquartered in Waterbury, Connecticut, pursuant to Section 36a-185 of the Connecticut General Statutes.