DOB: News Bulletin 2100 - May 21, 2004

The Department of Banking News Bulletin

 Bulletin # 2100
Week Ending May 21, 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.


CHECK CASHING SERVICE LICENSE ACTIVITY

Ultimate Check Cashing has requested the address on its application to operate a check cashing service general facility be changed from 1941 State Street, Hamden, Connecticut, to 429 Campbell Avenue, West Haven, Connecticut.

MONEY TRANSMITTER LICENSE ACTIVITY

On May 17, 2004, pursuant to Section 36a-598 of the Connecticut General Statutes, GroupEx Financial Corporation filed application to issue Connecticut payment instruments and engage in the business of money transmission.

NAME CHANGE

On May 21, 2004, pursuant to Section 36a-82 of the Connecticut General Statutes, Dime Savings Bank of Norwich filed an application to change its name to Dime Bank.

UPCOMING CONFERENCES
Bank Directors' Training Conference

Commissioner John P. Burke is sponsoring a special training conference for CEOs and bank directors on Tuesday, June 15, 2004 at the Marriott Hotel in Farmington, Connecticut. Pressures from everyone, not only bank regulators, have encouraged reform within the boardroom and have demanded more accountability from directors. We believe when they are more knowledgeable about the businesses they oversee and familiar with the regulatory scope they must adhere to, directors can be more responsible and effective in performing their duties. The bank directors' conference will define the responsibilities of the board, collectively and individually, identify what comprises responsible corporate governance, and will focus on such topics as interest rate risk, duties of the audit committee, and performance evaluations, including board self exams. Our seminar will help bring the new director quickly up-to-speed and serve as a refresher for experienced directors. Advance registration is required. For further conference information, visit the department's web site or call the agency at (860) 240-8170.

Dated: Tuesday, May 18, 2004

John P. Burke
Commissioner