DOB: News Bulletin 2258 - June 1, 2007

The Department of Banking News Bulletin 

Bulletin # 2258
Week Ending June 1, 2007

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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. 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
5/25/07
The Connecticut Bank and
   Trust Company, Hartford
396 Cromwell Avenue
Rocky Hill, CT 06067
filed
9/05/07
Fairfield County Bank
Ridgefield
1899 Post Road
Darien, CT  06820
closing
date

CREDIT UNION ACTIVITY
Branch Activity
 
Date Credit Union Location Activity
8/31/07
Mutual Security Credit Union, Inc.
Wilton
100 West Putnam Avenue
Greenwich, CT  06830
closing
date
8/31/07
 
Mutual Security Credit Union, Inc.
Wilton
108 Main Street
Oceanport, N.J.  07757
closing
date
 
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Order Modifying Consent Order Conditioning Registration
as an Investment Adviser Agent Issued
 
On May 22, 2007, the Commissioner issued an Order Modifying Consent Order Conditioning Registration as an Investment Adviser Agent with respect to Charles Edward Dear.  Charles Dear had been the subject of a February 24, 2003 Consent Order Conditioning Registration as an Investment Adviser Agent following his application for registration as an investment adviser agent of Diastole Wealth Management, Inc. of 1254 Boston Post Road, Old Saybrook, Connecticut.  Acknowledging that Charles Dear had not been the subject of any reported regulatory actions, complaints or arbitrations arising from conduct occurring while he was associated with Diastole Wealth Management, Inc., the May 22, 2007 Order amended the earlier Consent Order to 1) permit Charles Dear to render investment advisory services on a broader segment of insurance and securities products authorized by Diastole Wealth Management, Inc., subject to the client suitability constraints in Sections 36b-31-15d(a)(3) and 36b-31-15c(a)(1) of the Regulations under the Connecticut Uniform Securities Act; 2) permit securities-related communications involving Charles Dear to be maintained with those of other Diastole Wealth Management, Inc. advisory personnel; and 3) allow Diastole Wealth Management, Inc. to review documents relating to accounts serviced by Charles Dear on a quarterly rather than a monthly basis.
 
       Dated:  Tuesday, June 5, 2007
 
       Howard F. Pitkin
       Banking Commissioner