DOB: News Bulletin 1768 - January 9, 1998

The Department of Banking News Bulletin 

Bulletin # 1768
Week Ending January 9, 1998

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 John P. Burke, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to Written comments will be considered only if they are received within ten days from the date of this bulletin.

Branch Activity

Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which money will be lent, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. 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 Bank Examination Division, (860) 240-8180 . Note: dates are listed in month/day/year format.

Date Bank Location Activity
1/5/98 Chelsea Groton
  Savings Bank
*48 Stonington Road
  U.S. Route 1
  Stonington, CT 06378
1/7/98 Ridgefield Bank
720 Branchville Road
Ridgefield, CT 06877
1/7/98 Naugatuck Savings Bank
218 Maple Avenue
Cheshire, CT 06710
1/19/98 People's Bank
FROM: 500 Pavilion Drive
         Northampton Business Park
         Brackmills, Northampton
         England    NN40YR
TO:    400 Pavilion Drive
         Northampton Business Park
         Brackmills, Northampton
         England    NN40YR
* Limited Branch


On January 8, 1998, pursuant to Section 36a-82 of the Connecticut General Statutes, The New Milford Bank & Trust Company filed an application to change its name to NMBT. Written objection to the application may be made for a period of 30 days from the date of publication of this Bulletin on the grounds that the name selected will tend to confuse the public.


On January 8, 1998, approval was granted to NationsBank Corporation, a North Carolina corporation, to maintain offices of its proposed subsidiary, EquiCredit Corporation of CT, a Connecticut corporation, which will be acquired as the result of the merger of Barnett Banks, Inc. into NB Holdings Corporation, at 74 Batterson Park Road, Farmington, and 99 Hawley Lane, Suite 1470, Stratford, Connecticut.

On January 9, 1998, approval was granted to People’s Bancshares, Inc., a Massachusetts corporation, to establish offices of its subsidiary, People’s Mortgage Corporation, a Massachusetts corporation, at 11 South Main Street, Suite 4, Marlborough, and 125 Shaw Street, Suite 4, New London, Connecticut. 

Dated: Tuesday, January 13, 1998

John P. Burke
Banking Commissioner