The Department of Banking News Bulletin
Bulletin # 2355
Week Ending April 10, 2009
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.
CHANGE OF NAME
On April 1, 2009, pursuant to Section 36a-82 of the Connecticut General Statutes, The Bank of Greenwich, Greenwich, filed an application with the Commissioner to change its name to The First Bank of Greenwich. Written objections to such application may be made, for a period of 30 days from the date of publication of this bulletin, on the grounds that the name selected will tend to confuse the public.
CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
United Check Cashing
d/b/a GreenMil Enterprises, Inc.
2115 Boston Avenue
Bridgeport, CT 06610
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Order to Cease and Desist, Notice of Intent to Fine
and Notice of Right to Hearing Issued
On April 7, 2009, the Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing with respect to TDA Advantage Trust and Thomas F. Desteph, both of 1 Dustin Lane, Jaffrey, New Hampshire and 4 Summit Road, Keene, New Hampshire. The action alleged that, in 2003, TDA Advantage Trust, through Thomas F. Desteph, sold unregistered promissory notes to at least one Connecticut investor in contravention of Section 36b-16 of the Connecticut Uniform Securities Act. The action also alleged that Thomas F. Desteph transacted business as an unregistered agent of issuer in violation of Section 36b-6 of the Act, and that TDA Advantage Trust also violated Section 36b-6 by employing respondent Desteph as an unregistered agent. The respondents were 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 May 20, 2009.
Dated: Tuesday, April 14, 2009
Howard F. Pitkin