The Department of Banking News Bulletin
Bulletin # 2505
Week Ending February 24, 2012
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.
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.
*41 South Main Street, Suite 4
West Hartford, CT 06107
Merger and Acquisition
On February 17, 2012, pursuant to Sections 36a-412 and 36a-125 of the Connecticut General Statutes, Berkshire Bank, a Massachusetts-chartered savings bank and a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., Pittsfield, Massachusetts, a Delaware stock corporation and savings and loan holding company, filed an application for the merger of Berkshire Bank, with and into The Connecticut Bank and Trust Company, a Connecticut-chartered bank and trust company, with the resulting bank to operate under the name Berkshire Bank. Also on February 17, 2012, pursuant to sections 36a-184 and 36a-411 of the Connecticut General Statutes, Berkshire Hills Bancorp, Inc., filed an acquisition statement and application for the acquisition of The Connecticut Bank and Trust Company. In connection with this filing, Berkshire Hills Bancorp, Inc., and Berkshire Bank filed a community reinvestment plan that is available for public inspection and comment at the Department of Banking for a period of 30 days.
Dated: Tuesday, February 28, 2012
Howard F. Pitkin