DOB: News Bulletin 2087 - February 20, 2004

The Department of Banking News Bulletin 

Bulletin # 2087
Week Ending February 20, 2004

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

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 Financial Institutions Division, (860) 240-8180.
Note: dates are listed in month/day/year format.

State Bank Activity

Date Bank Location Activity
2/13/04 People's Bank
Bridgeport
FROM:   837 Post Road
            Fairfield, CT  06824
TO:       1055 Post Road
            Fairfield, CT   06824
filed to
relocate


State Credit Union Activity

Date Credit Union Location Activity
2/18/04 Connecticut State Employees
  Credit Union, Inc., Hartford
FROM:   71 Amity Road
             New Haven, CT   06515
TO:        1666 Litchfield Turnpike
             Woodbridge, CT   06525
filed to
relocate

NEW BANK ACTIVITY
Application to Organize a Bank and Trust Company

On February 18, 2004, pursuant to the provisions of Section 36a-70 of the Connecticut General Statutes, as amended by Public Act 03-259, an application was filed by the organizers of The Darien Bank and Trust Company for the establishment of a bank and trust company to be located in Darien, Connecticut. The organizers are John M. Bowes, George A. Reilly, Gina Zangrillo Reilly, Robert M. Baylis, Terry Laughren, David Campbell, Robert F. Harrel, Jr., Phillip Dolcetti, Don K. Stuart, Charles Hoffman, Susan Cheswick Brewer, Spencer McIlmurray, Robert Ferreira, Peter Maglathlin, Harriette Weiss-Terbell, Joseph J. Rucci, Jr., and Daniel Dolcetti.

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

On February 17, 2004, the Commissioner entered a Stop Order Denying Effectiveness to the pending business opportunity registration of Ameri P.O.S. Inc. a/k/a Ameripos Inc. of 1250 East Hallandale Beach Boulevard, Suite 505, Hallandale, Florida. The respondent purportedly is in the business of selling point of sale products and electronic point of sale terminals, including marketing support and machine location assistance, to enable purchasers to start a business servicing the machines which allegedly would transfer funds, pay bills electronically and store and sell ATM debit cards, credit cards, smart cards and prepaid cards. In denying effectiveness to the corporation’s business opportunity registration under the Connecticut Business Opportunity Investment Act, the Commissioner found that the registration application was materially incomplete in that the respondent, through its president, Richard Nye, failed to submit such items as: adequate financial information, advertising materials, proof of compliance with those provisions of Title 36a of the Connecticut General Statutes governing smart cards and money transmitters, greater specificity regarding Richard Nye’s employment history, and information on who produced the electronic point of sale terminals sold by the respondent. The respondent did not contest the entry of the Stop Order.

Dated: Tuesday, February 24, 2004

John P. Burke
Commissioner