DOB: Bulletin 2496 - Dec. 23, 2011

The Department of Banking News Bulletin 

Bulletin # 2496
Week Ending December 23, 2011

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.

Please contact your financial institution directly to determine whether or not it will open for business on a state holiday.  Legal holidays to be observed by the State of Connecticut in the year 2012 are:
Legal Holiday  
 Day Observed 
 Legal Holiday 
 Day Observed
New Year’s Day 
Mon., Jan. 2, 2012
Independence Day  
Wed., July 4, 2012
Martin Luther King's Day 
Mon., Jan. 16, 2012
Labor Day
Mon., Sept. 3, 2012
Lincoln's Birthday  Mon., Feb. 13, 2012 Columbus Day  Mon., Oct. 8, 2012
Washington's Birthday  Mon., Feb. 20, 2012 Veterans' Day  Mon., Nov. 12, 2012
Good Friday * Fri., April 6, 2012 Thanksgiving Day **  Thurs., Nov. 22, 2012
Memorial Day  Mon., May 28, 2012 Christmas Day Tue., Dec. 25, 2012
The first holiday for 2013, New Year's Day, will fall on Tuesday, January 1, 2013.
Branch 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
Rockville Bank
* 45 Glastonbury Blvd, Sutie 200
   Glastonbury, CT  06033
notice of intent
not to disapprove
Naugatuck Savings Bank
665 North Colony Road
Wallingford, CT  06492
* Limited branch
In bulletin 2495, a listing for a branch for Naugatuck Savings Bank at 3580 East Main Street,
Waterbury, Connecticut was erroneously listed as being filed 12/15/11.
On December 23, 2011, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the indirect acquisition by ING Investment Management Co. LLC, a newly-formed Delaware limited liability company, of 100% of the issued and outstanding shares of common stock of ING Investment Trust Co., a Connecticut-chartered trust bank, headquartered in Windsor, Connecticut, through the merger of its parent, ING Investment Management Co., with and into ING Investment Management Co. LLC

On December 23, 2011, the Commissioner, pursuant to Section 36a-125 of the Connecticut General Statutes and Section 15 of Connecticut Public Act No. 11-50, approved the merger of Northern Trust Global Advisors, Inc., a Delaware corporation, with and into its wholly-owned subsidiary, The Northern Trust Company of Connecticut, a Connecticut-chartered bank and trust company headquartered in Stamford, Connecticut.


On December 21, 2011, pursuant to Section 36a-469b of the Connecticut General Statutes, SoundView Federal Credit Union, Bethel, Connecticut was granted approval to convert from a federal credit union to a Connecticut credit union.  The Connecticut credit union will be known as SoundView Financial Credit Union, Inc.  The proposed field of membership of the converted credit union consists of: (1) persons, who live, work, worship or attend school in Fairfield and Litchfield counties of Connecticut and businesses, corporations, organizations or associations located within such counties, (2) persons within the immediate family of a member, or deceased member, and (3) member, retirees, pensioners or annuitants and surviving spouses of any group eligible for this credit union.  The credit union also proposes to retain any employee groups, organizations associations and employees of groups previously approved by the National Credit Union Administration.

Branch Activity
Date Credit Union Location Activity
Connex Credit Union
North Haven
555 Long Wharf Drive
New Haven, CT  06511

       Dated:  Wednesday, December 28, 2011
       Howard F. Pitkin
       Banking Commissioner