DOB: News Bulletin 1911 - October 6, 2000

The Department of Banking News Bulletin 

Bulletin # 1911
Week Ending October 6, 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
10/02/00 Newtown Savings
   Bank
956 White Plains Road
Trumbull, CT 06611
filed
10/04/00 Naugatuck Savings
   Bank
565 Straits Turnpike
Watertown, CT 06795
approved
10/04/00 People's Bank
Bridgeport
*Stop & Shop
  677 West Main Street
  New Britain, CT 06053
filed
10/04/00 Union Savings Bank
Danbury
FROM: 27 Main Street
         New Milford, CT 06776
TO:    33 Whittelsey Avenue
         New Milford, CT 06776
approved
to relocate
10/05/00 Citizens Bank
  of Connecticut
New London
**90 State House Square
    Hartford, CT 06103
approved
10/05/00 People's Bank
Bridgeport
*Stop & Shop
  12 Franklin Street
  Hartford, CT 06483
filed
* Limited Branch
** Limited Branch - Loan Production Office

CHECK CASHING SERVICE LICENSE ACTIVITY

Pursuant to Section 36a-581 of the Connecticut General Statutes, on October 4, 2000, James Robert Toth received approval to operate a check cashing service general facility at 549 Howe Avenue, Shelton, Connecticut.

CREDIT UNION ACTIVITY
Field of Membership

Pursuant to subsections (g) and (h) of Section 36a-437 of the Connecticut General Statutes, on October 4, 2000, approval was granted to Hartford Courant Employees Credit Union, Inc., Hartford, Connecticut, to amend its certificate of organization and bylaws to expand its field of membership to include employees of the subsidiaries of the Chicago Tribune, Inc. located in Connecticut.

Pursuant to subsections (g) and (h of Section 36a-437 of the Connecticut General Statutes, on October 4, 2000, approval was granted to Northwest Hills Credit Union, Inc., Torrington, Connecticut, to amend its certificate of organization and bylaws to expand its field of membership to include persons who live, worship, go to school or work in Torrington, Connecticut.

ACQUISITIONS

On October 5, 2000, pursuant to Section 36a-184 of the Connecticut General Statutes, The MONY Group Inc. and MONY Acquisition Corp., both Delaware corporations, filed an acquisition statement for the acquisition of The Advest Group, Inc., and indirectly, Advest Bank and Trust Company, a federal bank.

On September 28, 2000, pursuant to Section 36a-184 of the Connecticut General Statutes, ING Groep N.V. filed an application to acquire Aeltus Trust Company, a Connecticut bank organized to function solely in a fiduciary capacity. On October 5, 2000, ING Groep N.V. amended its original application to acquire not only Aeltus Trust Company, but also its parent Aetna Inc., both pursuant to Sections 36a-184 and 36a-411 of the Connecticut General Statutes, and ING America Insurance Holdings Inc., a wholly-owned subsidiary of ING Groep N.V., joined in such application.

On October 6, 2000, pursuant to Sections 36a-184, 36a-411 and 36a-412 of the Connecticut General Statutes, ING Groep N.V., a holding company incorporated under the laws of the Netherlands, its wholly-owned subsidiary ReliaStar Financial Corp., a Delaware corporation, and ReliaStar Financial Corp.'s wholly-owned subsidiary, ING National Trust, a national banking association limited to fiduciary powers whose main office is located in Minneapolis, Minnesota, filed an application for the acquisition of Aetna Trust Company, FSB, a federal savings association limited to fiduciary powers, through the merger of Aetna Trust Company, FSB with and into ING National Trust.

Dated: Wednesday, October 11, 2000

John P. Burke
Banking Commissioner