DOB: News Bulletin 1802 - September 4, 1998

The Department of Banking News Bulletin

 Bulletin # 1802
Week Ending September 4, 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 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
8/10/98 Tolland Bank
97-103 Main Street
Hebron, CT 06248
8/31/98 American Savings Bank
New Britain
632 Cromwell Avenue
Pavilion West
Rocky Hill, CT 06067
8/31/98 People's Bank
*Stop & Shop
  17 Quality Street
  Trumbull, CT 06611
* Limited branch


 Legal Holiday Day Observed 
New Year's Day  Friday, January 1, 1999 
Martin Luther King's Day  Monday, January 18, 1999 
Lincoln's Birthday  Friday, February 12, 1999 
Washington's Birthday  Monday, February 15, 1999 
Good Friday  Friday, April 2, 1999* 
 Memorial Day Monday, May 31, 1999
Independence Day  Monday, July 5, 1999 
Labor Day  Monday, September 6, 1999 
Columbus Day  Monday, October 11, 1999 
Veterans' Day  Thursday, November 11, 1999 
Thanksgiving Day  Thursday, November 25, 1999** 
Christmas Day   Friday, December 24, 1999

For the year 2000 the first holiday will be January 1, New Year's Day and will be observed on Friday, December 31, 1999.
* The day which will be designated by the Governor as a day of Fasting and Prayer.
** The day which will be designated by the Governor as a day of Thanksgiving.


Pursuant to Section 36a-70 of the Connecticut General Statutes, as amended by Public Act 97-209, on September 3, 1998, a temporary certificate of authority was issued to the organizers of Valley Bank, Bristol, for the establishment of a Connecticut bank and trust company.


On August 31, 1998, approval was granted to Republic Bancorp, Inc., a Michigan corporation, to establish an office of its subsidiary, Market Street Mortgage Corporation, a Michigan corporation, at 175 Capital Boulevard, Suite 103, Rocky Hill, Connecticut.


On September 2, 1998, applications were filed by NationsBank Corporation, a North Carolina corporation, to maintain two offices of its subsidiary, EquiCredit Corporation of CT, a Connecticut corporation, at 74 Batterson Park Road, Farmington, and 99 Hawley Lane, Suite 1007, Stratford, Connecticut, upon consummation of the merger of NationsBank Corporation with and into NationsBank (DE) Corporation, a Delaware corporation, the resulting holding company to be known as NationsBank (DE) Corporation. Subsequently, BankAmerica Corporation will merge with and into NationsBank (DE) Corporation which will change its name to BankAmerica Corporation upon consummation of the merger.

On September 3, 1998, an application was filed by First Eastern Bankshares Corporation, a Massachusetts corporation, to establish an office of its subsidiary, First Eastern Mortgage Corporation, a Massachusetts corporation, at 112 Spencer Street, Manchester, Connecticut.

Dated: Wednesday, September 9, 1998

John P. Burke
Banking Commissioner