DOB: News Bulletin 2127 - November 26, 2004

The Department of Banking News Bulletin 

Bulletin # 2127
Week Ending November 26, 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
State Bank 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.

Date Bank Location Activity
11/12/04 People's Bank  
Bridgeport
Super Stop & Shop
80 Town Line Road
Rocky Hill, CT  06067   
opening
date
03/01/05 People's Bank
Bridgeport
1700 Park Street
Hartford, CT  06106
closing
date
03/01/05 People's Bank
Bridgeport
59-63 Newtown Road
Danbury, CT  06810
closing
date

CHECK CASHING SERVICE LICENSE ACTIVITY

On November 12, 2004, pursuant to Section 36a-581 of the Connecticut General Statutes, City Check Cashing Inc. filed an application for approval to operate a check cashing service general facility at 27 North Main Street, Enfield, CT 06082.

On November 24, 2004, pursuant to Section 36a-581 of the Connecticut General Statutes, Omnex Group, Inc. filed an application for approval to operate a check cashing service general facility at 2432 Main Street, Glastonbury, Connecticut.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Broker-dealer Agent Fined $5,000 for Engaging in Private
Securities Transactions; Acting as Unregistered Agent of Issuer

On November 22, 2004, the Commissioner entered a Consent Order with respect to Donald Barton, a registered broker-dealer agent of Harvest Capital, LLC. The Consent Order alleged that from approximately June 2002 to September 2003, Donald Barton engaged in private securities transactions in violation of Section 36b-31-6e of the Regulations under the Connecticut Uniform Securities Act and transacted business as an unregistered agent of issuer of Intrust Advisors Multi-Manager Fund, L.P. in violation of Section 36b-6(a) of the Act. The Consent Order directed Donald Barton to cease and desist from regulatory violations; fined him $5,000; and required that he reimburse the department up to $1,000 for expenses incurred in connection with one or more examinations of his office to be conducted within 24 months following the entry of the Consent Order.

Dated: Tuesday, November 30, 2004

John P. Burke
Commissioner