DOB: News Bulletin 2372 - August 7, 2009

The Department of Banking News Bulletin 

Bulletin # 2372
Week Ending August 7, 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.


 
BRANCH ACTIVITY
State Bank Activity
 
Section 36a-145 of the Connecticut General Statutes requires certain applications 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
8/3/09
Rockville Bank
Rockville
*South Windsor High School
  161 Nevers Road
  South Windsor, CT 06074
notice
8/6/09
The Milford Bank
Milford
295 Boston Post Road
Milford, CT 06460
filed
*Special need limited branch

 
NAME CHANGE
 
On August 5, 2009, pursuant to Section 36a-82 of the Connecticut General Statutes, Farmington Savings Bank, Farmington, filed an application with the Commissioner to change its name to Farmington Bank.  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.
 
ACQUISITION
 
On August 7, 2009, pursuant to Section 36a-184 of the Connecticut General Statutes, Alcar, LLC, a Delaware limited liability company, filed an acquisition statement to acquire approximately 91% of the voting securities of Darien Rowayton Bank, a Connecticut Bank.
 

CONSUMER CREDIT DIVISION ACTIVITY
Order Revoking and Refusing to Renew Mortgage Broker License and Order to Cease and Desist
 
On July 27, 2009, the Commissioner issued an Order Revoking and Refusing to Renew Mortgage Broker License and Order to Cease and Desist (“Order”) in the Matter of:  The Mortgage Connection LLC (“Respondent”).  The Order revokes and refuses to renew Respondent’s mortgage broker license at 638 Garden Street, Trumbull, Connecticut, and was based on Respondent’s failure to maintain a surety bond in violation of Section 36a-492(a) of the Connecticut General Statutes. A copy of the Order can be obtained from the Department’s website.

Order Revoking Mortgage Lender License and Order to Cease and Desist
 
On July 27, 2009, the Commissioner issued an Order Revoking Mortgage Lender License and Order to Cease and Desist (“Order”) in the Matter of:  Bergin Financial, Inc. (“Respondent”).  The Order revokes Respondent’s mortgage lender license at 29200 Northwestern Highway, Suite 350, Southfield, Michigan, and was based on Respondent’s failure to maintain a surety bond in violation of Section 36a-492(a) of the Connecticut General Statutes.  A copy of the Order can be obtained from the Department’s website.
 
 
       Dated:  Tuesday, August 11, 2009
 
       Howard F. Pitkin
       Banking Commissioner