DOB: News Bulletin 1902 - August 4, 2000

The Department of Banking News Bulletin 

 Bulletin # 1902
Week Ending August 4, 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 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
7/28/00 Putnam Savings Bank
**Creamery Brook
      Retirement Village
    36 Vina Lane
    Brooklyn, CT 06234
** Limited Branch - Special Needs


On August 4, 2000, in connection with an application filed on June 30, 2000, pursuant to the provisions of Section 36a-70 of the Connecticut General Statutes, the organizers of Connecticut River Community Bank clarified that the bank would not be organized as a community bank, but rather as a state bank and trust company.


On August 4, 2000, NewMil Bancorp, Inc., a Delaware corporation, and its wholly-owned subsidiary, New Milford Savings Bank, a Connecticut bank, filed an application, pursuant to Sections 36a-125 and 36a-126 of the Connecticut General Statutes, for the merger of Nutmeg Federal Savings and Loan Association, a federal savings and loan association with its principal office in Connecticut, with and into New Milford Savings Bank. In connection with the application, New Milford Savings Bank filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.

Dated: Tuesday, August 8, 2000

John P. Burke
Banking Commissioner