DOB: News Bulletin 1932 - March 2, 2001

The Department of Banking News Bulletin 

Bulletin # 1932
Week Ending March 2, 2001

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
2/27/01 Cornerstone Bank
Stamford
223 Westport Avenue
Norwalk, CT 06851
filed
2/27/01 Cornerstone Bank
Stamford
*128 East Avenue
  Norwalk, CT 06851
filed
3/01/01 Citizens Bank
  of Connecticut
New London
FROM: 295 Old Gate Lane
         Milford, CT 06460
TO:    123 Cherry Street
         Milford, CT 06460
approved
to
relocate
3/29/01 New Haven Savings
   Bank, New Haven
68 South Broad Street
Milford, CT 06460
opening
date
* Limited Branch

CHECK CASHING SERVICE LICENSE ACTIVITY

Pursuant to Section 36a-581 of the Connecticut General Statutes, on February 28, 2001, Connecticut State Check Cashing Services, Inc. received approval to operate a check cashing service general facility at 153 Boston Post Road, Orange, Connecticut.

MONEY ORDER AND TRAVELERS CHECK LICENSE ACTIVITY

Pursuant to Section 36a-600 of the Connecticut General Statutes, on March 2, 2001, Envios R.D. Corp. d/b/a Pronto Envios filed an application to engage in the business of receiving money for transmitting the same.

NEW BANK ACTIVITY

Pursuant to the provisions of Section 36a-70 of the Connecticut General Statutes, on February 23, 2001, a Final Certificate of Authority was issued to The Community's Bank, Bridgeport. The bank opened for business on February 26, 2001.

Pursuant to the provisions of Section 36a-70 of the Connecticut General Statutes, on March 2, 2001, a Final Certificate of Authority was issued to The Apple Valley Bank & Trust Company, Cheshire. The bank opened for business on March 2, 2001.

ACQUISITION

On February 26, 2001, pursuant to Section 36a-185 of the Connecticut General Statutes, the Banking Commissioner issued a notice of intent not to disapprove the acquisition by Angelo DeCaro to increase his beneficial ownership from 24.9 percent to 25 percent or more of the common stock of Patriot National Bancorp, Inc., a holding company, and indirectly, Patriot National Bank.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Stop Order Denying Effectiveness of
Business Opportunity Registration Issued

On February 27, 2001, the Banking Commissioner entered a Stop Order denying effectiveness to the pending business opportunity registration of Communications Marketing Associates, Inc. The corporation maintains its principal office at One Park Place, 621 N.W. 53rd Street, Suite 355, Boca Raton, Florida and sells payphone equipment packages to the public. The Stop Order, which was uncontested by the corporation, found that Communications Marketing Associates, Inc. filed a materially incomplete application for business opportunity registration with the department.

Dated: Wednesday, March 7, 2001

John P. Burke
Banking Commissioner