DOB: News Bulletin 2338 - December 12, 2008

The Department of Banking News Bulletin 

Bulletin # 2338
Week Ending December 12, 2008

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.



MAIN OFFICE RELOCATION
 
On December 10, 2008, pursuant to Section 36a-81 of the Connecticut General Statutes, approval was granted for The Bank of Fairfield to relocate its main office from 2248 Black Rock Turnpike, Fairfield, Connecticut, to 2150 Post Road, Fairfield, Connecticut.
 
STATE CREDIT UNION ACTIVITY
Branch Activity
 
Date Credit Union Location Activity
12/05/08
Sikorsky Financial Credit Union, Inc.
Stratford
61 Quaker Farms Road
Oxford, CT  06478
filed
 
Credit Union Closing
 
On December 5, 2008, in accordance with Section 36a-220 of the Connecticut General Statutes, the National Credit Union Administration was appointed Temporary Receiver of the West Hartford Credit Union, Inc., 270 Farmington Avenue, Farmington, Connecticut, a Connecticut state-chartered credit union.
 

INTEREST RATE TO BE PAID ON CLAIMS FOR PROPERTY, FUNDS OR
MONEY DELIVERED TO THE STATE TREASURER PURSUANT TO
SECTION 3-57a(a)(1) or (2), MORTGAGE ESCROW ACCOUNTS,
PUBLIC SERVICE COMPANY, CERTIFIED TELECOMMUNICATIONS PROVIDER
AND ELECTRIC SUPPLIER CUSTOMER SECURITY DEPOSITS
AND TENANT SECURITY DEPOSITS
 
In accordance with Sections 3-70a(e), 16-262j(d), 47a-21(i)(2) and 49-2a(c) of the Connecticut General Statutes, the deposit index for calendar year 2009 is 0.60%. However, Sections 3-70a(e), 16-262j(c), 47a-21(i)(1) and 49-2a(a) provide that in no event shall the rate be less than 1.5%.  Therefore, the interest rate to be paid on claims for property, funds or money delivered to the State Treasurer pursuant to Section 3-57a(a)(1) or (2), and mortgage escrow accounts, public service company, certified telecommunications provider and electric supplier customer security deposits and tenant security deposits is 1.5% for the period commencing January 1, 2009 and ending December 31, 2009.
 
 

       Dated:  Tuesday, December 16, 2008

 
       Howard F. Pitkin
       Banking Commissioner