DOB: News Bulletin 1895 - June 16, 2000

The Department of Banking News Bulletin 

Bulletin # 1895
Week Ending June 16, 2000

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
6/15/00 Naugatuck Valley Savings
   and Loan Association, Inc.
Naugatuck
FROM: 1007 New Haven Road
          Naugatuck, CT 06770
TO:     1009 New Haven Road
          Naugatuck, CT 06770
filed to
relocate
6/15/00 Castle Bank and
   Trust Company
Meriden
852 East Main Street
Meriden, CT 06450
filed

ORDER FOR HEARING

The hearing scheduled for June 19, 2000 at 9:30 a.m. on the application to organize The Community's Bank has been continued to June 27, 2000 at 9:30 a.m. in Room 50 of the Department of Banking, 260 Constitution Plaza, Hartford, Connecticut.

CHECK CASHING SERVICE LICENSE ACTIVITY

Pursuant to the provisions of Section 36a-581 of the Connecticut General Statutes, on June 5, 2000, Fritz Jacques applied to operate a check cashing service general facility at 566 Atlantic Street, Stamford, Connecticut.

ACQUISITION AND MERGER

On June 12, 2000, pursuant to Section 36a-185 of the Connecticut General Statutes, the Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition by Webster Financial Corporation of all of the outstanding voting shares of MECH Financial, Inc., and indirectly, Mechanics Savings Bank. The acquisition will take place through the merger of MECH Financial, Inc., with and into Webster Financial Corporation, and the subsequent merger, pursuant to Section 36a-126(b) of the Connecticut General Statutes, of Mechanics Savings Bank with and into Webster Bank.

CREDIT UNION DIVISION ACTIVITY
Merger

Pursuant to Section 36a-470 of the Connecticut General Statutes, on May 12, 2000, approval was granted to Marlin Employees Credit Union, Inc. to merge with and into Bic Credit Union, Inc.

Dated: Tuesday, June 20, 2000

John P. Burke
Banking Commissioner