DOB: News Bulletin 2001 - June 28, 2002

The Department of Banking News Bulletin 

Bulletin # 2001
Week Ending June 28, 2002

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, Commissioner of Banking, 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.


BANK CLOSING

On June 26, 2002, pursuant to the provisions of Chapter 664c of the Connecticut General Statutes, the Superior Court for the Judicial District of Hartford, having determined that there was reasonable likelihood that an unsafe or unsound condition existed which was likely to have an adverse effect on depositors and creditors, placed Connecticut Bank of Commerce in receivership, and appointed the Federal Deposit Insurance Corporation as receiver. Hudson United Bank has purchased certain assets and has assumed the insured deposits of Connecticut Bank of Commerce.

Dated: Tuesday, July 2, 2002

John P. Burke
Commissioner