DOB: News Bulletin 1814 - November 27, 1998

The Department of Banking News Bulletin

Bulletin # 1814
Week Ending November 27, 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
11/24/98 People's Bank
*One Corporate Place
  Shelton, CT 06484
11/24/98 Cornerstone Bank
@550 Summer Street
  Stamford, CT 06901
*  Limited Branch
@ Mobile Branch


On November 23, 1998, approval was granted to Old Kent Financial Corporation, a Michigan corporation, to establish an office of its subsidiary, Old Kent Mortgage Company, a Michigan corporation, at 24 Old Kings Highway South, Darien, Connecticut.

Main Office Relocation

On November 6, 1998, pursuant to the provisions of Section 36a-437(g) of the Connecticut General Statutes, Danbury Cyanamid Employees Credit Union, Inc. requested approval to amend its certificate of organization to change its office location from 1 Casper Street, Danbury, Connecticut to 2 Starr Street, Danbury, Connecticut.

Dated: Tuesday, December 1, 1998

John P. Burke
Banking Commissioner