DOB: News Bulletin 1829 - March 12, 1999

The Department of Banking News Bulletin

Bulletin # 1829
Week Ending March 12, 1999

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
2/11/99 People's Bank
Bridgeport
*^Super Stop & Shop
     385 Connecticut Avenue
     Norwalk, CT 06854
opening
date
3/10/99 Newtown Savings Bank
**Ashlar of Newtown
     Toddy Hill Road
     Newtown, CT 06470
approved
3/10/99 Newtown Savings Bank
**East Hill Woods
    611 East Hill Road
    Southbury, CT 06488
approved
3/15/99 The Greenwich Bank
   & Trust Company
273 Glenville Road
Greenwich, CT 06831
opening
date
* Limited Branch
** Special Needs Limited Branch
^ Erroneously listed as 680 Connecticut Avenue in People's application and subsequent approval

FIDUCIARY POWERS

On March 8, 1999, pursuant to Section 36a-70(n) of the Connecticut General Statutes, Essex Savings Bank applied for permission to exercise fiduciary powers.

NEW BANK ACTIVITY

Pursuant to Section 36a-70(i) of the Connecticut General Statutes, on March 9, 1999, the Banking Commissioner extended for 30 days the period for which the temporary certificate of authority of Castle Bank and Trust Company, Meriden (In Organization) is valid. The bank's certificate of authority will expire on April 19, 1999.

NAME CHANGE

Pursuant to Section 36a-82 of the Connecticut General Statutes, on March 12, 1999, the Banking Commissioner approved the name change of NSS Bank to Summit Bank.

SECTION 36a-425 APPLICATIONS

On March 9, 1999, applications were filed by Citigroup Inc., a Delaware corporation, to establish offices of its subsidiaries, Commercial Credit Corporation, a Maryland corporation, and Commercial Credit Loans, Inc., a Delaware corporation, at 34 Shunpike Road, Cromwell, and 326 West Main Street, Milford, Connecticut.

SECTION 36a-425 APPROVAL

On March 12, 1999, approval was granted to Citigroup Inc., a Delaware corporation, to establish an office of its subsidiaries, Commercial Credit Corporation, a Maryland corporation, and Commercial Credit Loans, Inc., a Delaware corporation, at 1131 Tolland Turnpike, The Plaza at Burr Corners, Manchester, Connecticut.

ACQUISITION

On March 12, 1999, the Banking Commissioner granted approval, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, to Hudson United Bank to acquire a branch of First International Bank (formerly First National Bank of New England).

Dated: Tuesday, March 16, 1999

John P. Burke
Banking Commissioner