DOB: News Bulletin 2070 - October 24, 2003

The Department of Banking News Bulletin 

Bulletin # 2070
Week Ending October 24, 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.


National Bank Activity

Date Bank Location Activity
10/31/03 Banknorth, N.A.
38 Town Line Road
Rocky Hill, CT  06067
closing
date
10/31/03 Banknorth, N.A.
25 New London Turnpike
Glastonbury, CT  06033
closing
date

CREDIT UNION DIVISION ACTIVITY
Credit Union Branch Activity

Date Credit Union Location Activity
10/20/03 Sikorsky Financial Credit Union, Inc.
Stratford
20A Division Street
Derby, CT  06734
approved

CONSUMER CREDIT DIVISION ACTIVITY

On October 21, 2003, the Banking Commissioner issued a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing, against Check Investors, Inc., d/b/a National Check Control. The entity is located at 55 Hartz Way, Suite 202, Secaucus, New Jersey 07094. The agency's action was based on the assertion that the entity violated Section 36a-646 of the Connecticut General Statutes, which prohibits creditors from using any abusive, harassing, fraudulent, deceptive or misleading representation, device or practice to collect or attempt to collect any debt. The respondent was afforded an opportunity to request a hearing and if so requested the hearing will be held on December 10, 2003.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
New York Man Ordered to Cease and Desist from Regulatory Violations

On October 21, 2003, the Banking Commissioner issued an Order to Cease and Desist and Notice of Right to Hearing against Mark M. Eisenberg of Long Beach, New York. The Order to Cease and Desist alleged that in September 2001, the respondent engaged in an unethical practice in the securities business by instructing the chief compliance officer of Vision Securities Inc., a Connecticut-registered broker-dealer, to deny Securities and Business Investments Division examiners access to the books and records of the firm. At the time, the respondent was registered as an agent of the firm and served as the firm's president as well as the chairman of the Lantern Investments, Inc., owner of Vision Securities, Inc. The respondent was afforded an opportunity to request a hearing on the Order to Cease and Desist.

Dated: Tuesday, October 28, 2003

John P. Burke
Commissioner