DOB: News Bulletin 2211 - July 7, 2006

The Department of Banking News Bulletin 

Bulletin # 2211
Week Ending July 7, 2006

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
7/03/06 Imperial Capital Bank
La Jolla, CA
Branford Theatre Building
19 South Main Street
Branford, CT  06405
closing
date
7/10/06
The Bank of
  Southern Connecticut
New Haven
*24 Washington Avenue
  North Haven, CT  06473
opening
date
* To be known as The Bank of North Haven,
                         a division of The Bank of Southern Connecticut

ACQUISITION AND MERGER
 
On July 3, 2006, pursuant to Sections 36a-184 and 36a-411 of the Connecticut General Statutes, Capital One Financial Corporation, a bank holding company with its principal place of business in Virginia, filed an acquisition statement and application for the acquisition of 100% of the issued and outstanding shares of common stock of North Fork Bancorporation, Inc., a bank holding company, and indirectly Superior Savings of New England, National Association, a national banking association with its principal office in Branford, Connecticut, through the merger of North Fork Bancorporation, Inc., with and into Capital One Financial Corporation, or under certain circumstances, to acquire up to 19.9% of the issued and outstanding shares of common stock of North Fork Bancorporation, Inc.  In connection with the acquisition, Capital One Financial Corporation filed a community reinvestment plan that is available for public inspection and comment at the Department of Banking for a period of 30 days.
 
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
New York Firm Directed to Cease and Desist from Sales of Unregistered Notes;
Notice of Intent to Fine Issued
 
On June 28, 2006, the Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing against V.W. Eimicke Associates, Inc. a/k/a The VWE Group, Inc. of 35 East Grassy Sprain Road, Yonkers, New York.  The action alleged that, at various times between January 1998 and October 2001, the respondent offered and sold unregistered notes in violation of Section 36b-16 of the Connecticut Uniform Securities Act.  The action also recited that, on June 1, 2004, the respondent filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York.  The respondent was afforded an opportunity to request a hearing on the Order to Cease and Desist.  A hearing on the Notice of Intent to Fine has been scheduled for August 15, 2006.
 
 
         Dated:  Wednesday, July 11, 2006
 
         John P. Burke
         Commissioner