DOB: News Bulletin 2068 - October 10, 2003

The Department of Banking News Bulletin 

Bulletin # 2068
Week Ending October 10, 2003

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.


NEW BANK ACTIVITY

On October 10, 2003, pursuant to Section 36a-70(i) of the Connecticut General Statutes, the Commissioner approved the application filed by the organizers of Customers' Bank (In Organization) to extend the period for which the Temporary Certificate of Authority is valid, from October 15, 2003 to February 16, 2004.

MONEY TRANSMITTER LICENSE ACTIVITY

On October 7, 2003, pursuant to Section 36a-600 of the Connecticut General Statutes, Caribbean Airmail, Inc., Miami, Florida, filed an application to engage in the business of money transmission.

ACQUISITION AND MERGER

On October 7, 2003, pursuant to Section 36a-185 of the Connecticut General Statutes, as amended by Public Act 03-259, the Commissioner issued a notice of intent not to disapprove the acquisition by Webster Financial Corporation of all the outstanding voting securities of The North American Bank & Trust Company. The acquisition will take place, pursuant to Section 36a-126(b) of the Connecticut General Statutes, through the merger of The North American Bank & Trust Company with and into Webster Bank, a wholly-owned subsidiary of Webster Financial Corporation.

Dated: Tuesday, October 14, 2003

John P. Burke
Commissioner