DOB: News Bulletin 2144 - March 25, 2005

The Department of Banking News Bulletin 

Bulletin # 2144
Week Ending March 25, 2005

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, Banking Commissioner, 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
3/32/05 The Savings Bank of Danbury
Danbury
59 Newtown Road
Danbury, CT  06810
filed
3/22/05 People's Bank
Bridgeport
241 Danbury Road
Wilton, CT  06897
filed
3/22/05 First County Bank
Stamford
1980 West Main Street
Stamford, CT  06902
filed

CREDIT UNION ACTIVITY

On March 24, 2005, pursuant to Section 36a-462b(a) of the Connecticut General Statutes, Eckerd Credit Union, a State of Florida chartered credit union located in Largo, Florida, filed an application to establish a branch to be located at 500 Forbes Road, RR # 1, Dayville, Connecticut. The proposed Eckerd Credit Union branch will service associates of its sponsor, Brooks Pharmacy a.k.a. Brooks/Eckerd Pharmacy within the Dayville, Connecticut Distribution Center.

ACQUISITION

On March 22, 2005, pursuant to Sections 36a-411 and 36a-184 of the Connecticut General Statutes, U.S. Bancorp, a bank holding company with its principal place of business in Minnesota, filed an application and acquisition statement for the indirect acquisition, through merger, of 100% of the voting stock of State Street Bank and Trust Company of Connecticut, National Association, a limited purpose national bank trust company with its principal office in Connecticut.

SUBSIDIARY HOLDING COMPANY FORMATION AND ACQUISITION

On March 23, 2005, pursuant to Section 36a-198 of the Connecticut General Statutes, the Commissioner approved the application of Charter Oak Community Bank Corp., for the establishment of a subsidiary holding company to be known as Rockville Financial, Inc., and, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Charter Oak Community Bank Corp., of 55% of the outstanding shares of common stock of Rockville Financial, Inc., and for the acquisition by Rockville Financial, Inc., of 100% of the common stock of Rockville Bank.

Dated: Tuesday, March 29, 2005

John P. Burke
Commissioner