DOB: News Bulletin 1903 - August 11, 2000

The Department of Banking News Bulletin 

Bulletin # 1903
Week Ending August 11, 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
8/08/00 Citizens Bank
  of Connecticut
New London
FROM: 377 State Street
         North Haven, CT 06473
TO:    127 Washington Avenue
         North Haven, CT 06473
approved
to relocate
8/08/00 Union Savings Bank
Danbury
FROM: 27 Main Street
         New Milford, CT 06776
TO:    33 Whittelsey Avenue
         New Milford, CT 06776
filed to
relocate
8/08/00 Castle Bank
  & Trust Company
Meriden
852 East Main Street
Meriden, CT 06450
approved
8/10/00 Castle Bank
  & Trust Company
Meriden
852 East Main Street
Meriden, CT 06450
opening
date

ACQUISITION

On August 11, 2000, NewMil Bancorp, Inc., a Delaware corporation, filed an acquisition statement pursuant to Section 36a-184 of the Connecticut General Statutes, for the indirect acquisition of Nutmeg Federal Savings and Loan Association, a federal savings and loan association with its principal office in Danbury, Connecticut. This application was filed in connection with the application filed on August 4, 2000, by New Milford Savings Bank, a wholly-owned subsidiary of NewMil Bancorp, Inc., for the merger of Nutmeg Federal Savings and Loan Association with and into New Milford Savings Bank.

SECTION 36a-425 APPLICATION

On August 11, 2000, The Advest Group, Inc., a Delaware corporation, filed an application to establish an office of its subsidiary, Advest, Inc., a Delaware corporation, at 38 East Main Street, Mystic, Connecticut.

CREDIT UNION ACTIVITY
Field of Membership

Pursuant to Sections 36a-437(g) and (h) of the Connecticut General Statutes, on August 4, 2000, approval was granted to Community Healthcare Credit Union, Inc., Manchester, Connecticut, to amend its certificate of organization and bylaws to expand its field of membership to include all persons who live, work, worship, or attend school in, and businesses and other entities located in the towns of Vernon, Manchester and Glastonbury.

Pursuant to Sections 36a-437(g) and (h) of the Connecticut General Statutes, on August 4, 2000, Danbury Cyanamid Employees Credit Union, Inc., Danbury, Connecticut, requested approval to amends its certificate of organization and bylaws to expand its field of membership to include all persons who live, work, worship, or attend school in, and businesses and other entities located in the greater Danbury area. The greater Danbury area is defined as the towns of Danbury, Bethel, New Milford, Brookfield, New Fairfield, Redding, Ridgefield, and Newtown.

Merger

Pursuant to Section 36a-470 of the Connecticut General Statutes, on August 4, 2000, approval was granted to Mossberg & Sons Employees Credit Union, Inc., North Haven, Connecticut to merge with and into Bic Credit Union, Inc., Milford, Connecticut.

Dated: Tuesday, August 15, 2000

John P. Burke
Banking Commissioner