DOB: News Bulletin 2005 - July 26, 2002

The Department of Banking News Bulletin 

 Bulletin # 2005
Week Ending July 26, 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.


BRANCH ACTIVITY
State Bank 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
07/24/02 Tolland Bank
Vernon
73 Hazard Avenue
Enfield, CT 06082
filed
07/26/02 People's Bank
Bridgeport
*Stop & Shop
  205 Highland Avenue
  Cheshire, CT 06410
filed
07/26/02 People's Bank
Bridgeport
*Stop & Shop
  Buckland Road
  South Windsor, CT 06074
filed
07/26/02 People's Bank
Bridgeport
*Stop & Shop
  New London Turnpike
  Glastonbury, CT 06033
filed
07/26/02 People's Bank
Bridgeport
81 Fairfield Road
Storrs, CT 06269
filed
* Limited Branch

ACQUISITION AND MERGER

On July 25, 2002, pursuant to Section 36a-411 of the Connecticut General Statutes, the Commissioner approved the application of Banknorth Group, Inc. to acquire and retain the ownership and control of 100 percent of the issued and outstanding voting stock of Bancorp Connecticut, Inc., and indirectly, Southington Savings Bank, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisitions. The Commissioner also approved the merger of Southington Savings Bank, with and into Banknorth, National Association, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, as amended by Public Act 01-76.

Dated: Tuesday, July 30, 2002

John P. Burke
Commissioner