DOB: News Bulletin 1917 - November 17, 2000

The Department of Banking News Bulletin 

 Bulletin # 1917
Week Ending November 17, 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
11/13/00 Circle Trust Company
Stamford
*80 West Street
  Rutland, VT 05701
filed
11/20/00 Citizens Bank of Connecticut
New London
**90 State House Square
    Hartford, CT 06103
opening
date
12/15/00 New Haven Savings Bank
New Haven
367 East Main Street
Branford, CT 06405
opening
date
* Limited Branch
** Limited Branch - Loan Production Office

ACQUISITIONS AND MERGERS

On November 13, 2000, pursuant to Section 36a-411 of the Connecticut General Statutes, the Banking Commissioner approved the application and acquisition statement of ING Groep N.V. and ReliaStar Financial Corp. to acquire and retain the ownership and control of 100 percent of the issued and outstanding voting stock of Aetna Trust Company, FSB, and, pursuant to Section 36-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisition. The Commissioner also approved the merger of Aetna Trust Company, FSB with and into ING National Trust, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes.

On November 13, 2000, pursuant to Sections 36a-184, 36a-411 and 36a-412(a)(1) of the Connecticut General Statutes, FleetBoston Financial Corporation, a holding company with its principal place of business in Massachusetts, and its wholly-owned subsidiary Fleet National Bank, a national banking association, filed an application for FleetBoston Financial Corporation to acquire Summit Bancorp., a holding company with its principal place of business in New Jersey, and its wholly-owned subsidiary Summit Bank, a Connecticut bank. In addition, Summit Bank will be merged with and into Fleet National Bank.

ACQUISITION

On November 16, 2000, pursuant to Section 36a-411 of the Connecticut General Statutes, the Banking Commissioner approved the application and acquisition statement of ING Groep N.V. and ING America Insurance Holdings, Inc. to acquire and retain the ownership or control of 100 percent of the issued and outstanding voting stock of Aetna Inc., and, indirectly, Aeltus Trust Company, a Connecticut bank, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisition.

SECTION 36a-425 APPROVALS

On November 16, 2000, approval was granted to The Royal Bank of Scotland Group plc, incorporated under the laws of Great Britain and registered in Scotland, to establish an office of its subsidiary, Citizens Mortgage Corporation, a Rhode Island corporation, at 141 Main Street, Deep River, Connecticut.

On November 16, 2000, approval was granted to The Royal Bank of Scotland Group plc, incorporated under the laws of Great Britain and registered in Scotland, to maintain an office of its subsidiaries, Greenwich Capital Holdings, Inc.; Greenwich Capital Markets, Inc.; Greenwich Capital Derivatives, Inc.; Greenwich Capital Acceptance, Inc.; Greenwich Capital Financial Products, Inc.; Greenwich NatWest Structured Finance, Inc.; Financial Assets Securities Corp.; Greenwich Capital Commercial Funding Corp.; Random Properties Acquisition Corp. I; Random Properties Acquisition Corp. II; Random Properties Acquisition Corp. III; and Random Properties Acquisition Corp. IV, all Delaware corporations, at 600 Steamboat Road, Greenwich, Connecticut.

Dated: Tuesday, November 21, 2000

John P. Burke
Banking Commissioner