DOB: News Bulletin 1809 - October 23, 1998

The Department of Banking News Bulletin

Bulletin # 1809
Week Ending October 23, 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
10/19/98 People's Bank
Bridgeport
*Stop & Shop
  Pine Street
  Forestville, CT 06010
approved
10/19/98 The Guilford Savings Bank
Guilford
50 Boston Street
Guilford, CT 06437
approved
10/19/98 Fairfield County Savings Bank
Norwalk
1897 Post Road
Darien, CT 06820
filed
10/20/98 People's Bank
Bridgeport
*Stop & Shop
  680 Connecticut Avenue
  Route 1
  Norwalk, CT 06856
approved
10/21/98 Tolland Bank
Tolland
1665 Ellington Road
South Windsor, CT 06074
filed
10/05/98 Lafayette American Bank
Bridgeport
@ FROM: 2 Broadway Square
             North Haven, CT 06473
    TO:    90 Washington Street
             North Haven, CT 06473
approved
to
relocate
10/05/98 Lafayette American Bank
@ FROM: 100 Hanover Street
              Meriden, CT 06450
    TO:     30 East Main Street
              Meriden, CT 06450
approved
to
relocate
10/05/98 Lafayette American Bank
@ FROM: 180 Fairfield Avenue
             Bridgeport, CT 06604
    TO:    1000 Lafayette Blvd
             Bridgeport, CT 06604
approved
to
relocate
10/05/98 Lafayette American Bank
@ FROM: 72 Queen Street
             Southington, CT 06489
    TO:    130 North Main Street
             Southington, CT 06489
approved
to
 relocate
10/05/98 Lafayette American Bank
@ FROM: 60 Old Mill Road
             Georgetown, CT 06829
    TO:    60 Redding Road
             Georgetown, CT 06829
approved
to
relocate
10/23/98 Cornerstone Bank
Stamford
83 New Canaan Avenue
Norwalk, CT 06851
approved
* Limited Branch
@ The above approved relocations represent branch consolidations.

MONEY ORDER AND TRAVELERS CHECK LICENSE ACTIVITY

Pursuant to the provisions of Section 36a-600 of the Connecticut General Statutes, on October 20, 1998, approval was granted to Trans-Fast Remittance, Inc. to engage in the business of receiving money for transmitting the same.

ORGANIZATION OF HOLDING COMPANY

On October 22, 1998, pursuant to Section 36a-181 of the Connecticut General Statutes, Cornerstone Bank, a capital stock Connecticut bank, filed an application for approval to organize a bank holding company, Cornerstone Bancorp, Inc., as a Connecticut stock corporation. Pursuant to an Agreement and Plan of Reorganization filed with the application, Cornerstone Bancorp, Inc. would acquire all the common stock of Cornerstone Bank.

NAME CHANGE

Effective October 19, 1998, Branford Savings Bank changed its name to Superior Savings of New England.


Dated: Tuesday, October 27, 1998

John P. Burke
Banking Commissioner