The Department of Banking News Bulletin

Bulletin # 3185 - Week Ending March 7, 2025

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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.

BANK ACTIVITY

Reorganization into a Mutual Holding Company

On March 4, 2025, the Commissioner approved an Agreement and Plan of Reorganization pursuant to which Eastern Connecticut Savings Bank (Norwich, CT), a mutual savings bank, will reorganize with and into a stock savings bank, and form a mutual holding company to be known as ECSB Financial Corporation, pursuant to Section 36a-192 and 36a-193 of the Connecticut General Statutes. The Commissioner’s approval is conditioned upon the applicant’s receipt of FDIC and other required regulatory approvals.

Dated: Tuesday, March 11, 2025 

Jorge L. Perez
Banking Commissioner