DOB: News Bulletin 1817 - December 18, 1998

The Department of Banking News Bulletin

 Bulletin # 1817
Week Ending December 18, 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
12/11/98 Lafayette American
   Bank, Bridgeport
@FROM: 2 Broadway Square
            North Haven, CT 06473
   TO:    90 Washington Avenue
            North Haven, CT 06473
relocation
effective
date
12/11/98 Lafayette American
   Bank, Bridgeport
@FROM:100 Hanover Street
             Meriden, CT 06450
   TO:     30 East Main Street
             Meriden, CT 06450
relocation
effective
date
12/11/98 Lafayette American
   Bank, Bridgeport
@FROM: 72 Queen Street
             Southington, CT 06489
   TO:     130 North Main Street
             Southington, CT 06489
relocation
effective
date
12/11/98 Fairfield County
  Savings Bank
Norwalk
*707 Connecticut Avenue
  Norwalk, CT 06854
filed
12/11/98 New Canaan Bank and
   Trust Company
1959 Summer Street
Stamford, CT 06905
filed
12/13/98 People's Bank
Bridgeport
*Super Stop & Shop
  17 Quality Street
  Trumbull, CT 06611
opening
date
12/14/98 Cornerstone Bank
Stamford
**within 5 mile radius of
    213 East Putnam Ave.
    Cos Cob, CT 06807
approved
12/14/98
The Dime Savings Bank
  of Norwich, Norwich
14-18 Chesterfield Rd.
Route 161
East Lyme, CT 06333
approved
*  Limited Branch
** Mobile Branch
@ Branch Consolidations

ACQUISITION AND MERGER

On December 18, 1998, Summit Bancorp, a bank holding company with its principal place of business in New Jersey, its wholly-owned subsidiary, NSS Bank, a Connecticut bank, and New Canaan Bank and Trust Company, a Connecticut bank, filed an application pursuant to Sections 36a-411, 36a-184 and 36a-125 of the Connecticut General Statutes, as amended by Public Act 98-260, for the merger of New Canaan Bank and Trust Company with and into NSS Bank. In connection with the proposed transactions, Summit Bancorp and New Canaan Bank and Trust Company have also filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.

SECTION 36a-425 APPLICATIONS

On December 15, 1998, applications were filed by KeyCorp, an Ohio corporation, to establish offices of two of its subsidiaries, Key Corporate Capital Inc., a Michigan corporation, at 396 Danbury Road, Wilton, and Leasetec Corporation, a Delaware corporation, at 191 Post Road West, Westport, Connecticut.

Dated: Tuesday, December 22, 1998

John P. Burke
Banking Commissioner