DOB: News Bulletin 1849 - July 30, 1999

The Department of Banking News Bulletin 

 Bulletin # 1849
Week Ending July 30, 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
7/27/99 Thomaston Savings Bank FROM: 60 Main Street South 
          Bethlehem, CT 06751
TO:     73 Main Street South
          Bethlehem, CT 06751
approved
to
relocate
7/30/99 Naugatuck Savings Bank 363 Main Street South
Southbury, CT 06488
approved

On July 29, 1999, approval was granted pursuant to Section 36a-145 of the Connecticut General Statutes for Cargill Bank to assume liability for deposits and acquire branches located at Route 44 - Stonewall Commons, Putnam, and 203 Main Street, Danielson, Connecticut

CREDIT UNION ACTIVITY

Pursuant to the provisions of subsections (g) and (h) of Section 36a-437 of the Connecticut General Statutes, on July 27, 1999, Plainfield Employees Credit Union, Inc. filed an application to amend its certificate of organization and bylaws to expand its field of membership to include persons who live, work, worship, or attend school in, and businesses and other legal entities located in Plainfield, Sterling, and Canterbury, Connecticut.

Pursuant to the provisions of subsections (g) and (h) of Section 36a-437 of the Connecticut General Statutes, on July 27, 1999, Norwalk Municipal Employees Credit Union, Inc. filed an application to amend its certificate of organization and bylaws to expand its field of membership to include persons living and working in the city of Norwalk and the towns of Darien, New Canaan, Weston, Westport and Wilton, excluding employees of healthcare related employers in these towns.

SECTION 36a-425 APPROVAL

On July 26, 1999, approval was granted to First American Corporation, a Tennessee corporation, to establish an office of its subsidiaries, IFC Holdings, Inc. d/b/a INVEST Financial Corporation, a Delaware corporation, and INVEST Financial Corp. Insurance Agency Inc. of CT, a Connecticut corporation, at 25 Wells Road, Wethersfield, Connecticut.

Dated: Tuesday, August 3, 1999

John P. Burke
Banking Commissioner