DOB: News Bulletin 2105 - June 25, 2004

The Department of Banking News Bulletin 

Bulletin # 2105
Week Ending June 25, 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 Written comments will be considered only if they are received within ten days from the date of this bulletin.


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.

State Bank Activity

Date Bank Location Activity
6/17/04 People's Bank
Stop & Shop
248 Flanders Road
East Lyme, CT  06333
6/21/04 First County Bank
660 Main Street
Norwalk, CT  06851
9/30/04 People's Bank
10 Frontage Road
East Haven, CT  06512

State Credit Union Activity

Date Credit Union Location Activity
6/23/04 Mutual Security Credit Union
Corporate Center
39 Old Ridgebury Road
Danbury, CT  06817


On June 22, 2004, 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 NorthShore Asset Management, LLC and NSCT, LLC of 90.06% of the voting securities of Circle Trust Company

On June 21, 2004, an acquisition statement was filed on behalf of Naugatuck Valley Mutual Holding Company, a federal mutual holding company in organization, and Naugatuck Valley Financial Corporation, its subsidiary, pursuant to Section 36a-184 of the Connecticut General Statutes, for the acquisition of all of the voting securities of Naugatuck Valley Savings and Loan immediately following the conversion of Naugatuck Valley Savings and Loan, S.B., from a Connecticut mutual savings bank to a federal mutual savings bank pursuant to Section 36a-135 of the Connecticut General Statutes, as amended by Public Act 03-259. 

Dated: Tuesday, June 29, 2004

John P. Burke