DOB: News Bulletin 1789 - June 5, 1998

The Department of Banking News Bulletin

Bulletin # 1789
Week Ending June 5, 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 john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.


STATE BANK ACTIVITY
Branch Activity

Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which loans will be made, 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
6/01/98 Citizens Bank
  of Connecticut
New London
816 Long Hill Road
Groton, CT 06340
filed
6/02/98 Litchfield Bancorp
Litchfield
FROM: 16 Bird Street
          Torrington, CT 06790
TO:     1320 East Main Street
          Torrington, CT 06790
filed to
relocate
6/04/98 American Savings Bank
New Britain
*121 Main Street
  New Britain, CT 06051
filed
* Limited Branch

SECTION 36a-425 APPLICATIONS

On June 2, 1998, an application was filed by The Chase Manhattan Corporation, a Delaware corporation, to establish an office of its subsidiary, Chase Manhattan Mortgage Corporation, a New Jersey corporation, at 4 Main Street, Wallingford, Connecticut.

On June 4, 1998, an application was filed by Swiss Bank Corporation, a corporation organized under the laws of Switzerland, to establish an office of its subsidiary, SBC Warburg Dillon Read Inc., a Connecticut corporation, at 677 Washington Boulevard, Stamford, Connecticut.

On June 4, 1998, an application was filed by UBS AG, a corporation organized under the laws of Switzerland, to establish an office of its subsidiary, Warburg Dillon Read LLC, a Delaware limited liability company, at 677 Washington Boulevard, Stamford, Connecticut.

SECTION 36a-425 APPROVAL

On June 1, 1998, approval was granted to FIRSTPLUS FINANCIAL GROUP, Inc., a Nevada corporation, to establish an office of its subsidiary, FIRSTPLUS FINANCIAL, Inc., a Texas corporation, at 435X Hartford Turnpike, Vernon, Connecticut.

CHANGE OF NAME

On June 2, 1998, pursuant to Section 36a-82 of the Connecticut General Statutes, Moodus Savings Bank requested approval to change its name to Hometown Bank.

SALE OF ASSETS

Pursuant to the provisions of Section 36a-210(a) of the Connecticut General Statutes, on June 3, 1998, Branford Savings Bank requested approval to sell its branches located at 568 East Main Street, Branford, CT; 430 Foxon Road, East Haven, CT; 263 Hemingway Avenue, East Haven, CT; and 1717 Foxon Road, North Branford, CT to Citizens Bank of Connecticut

Dated: Tuesday, June 9, 1998

John P. Burke
Banking Commissioner