DOB: Bulletin 2718 - March 25, 2016

The Department of Banking News Bulletin 

Bulletin # 2718
Week Ending March 25, 2016

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten days from the date of this bulletin.

Bank Holding Company

On March 24, 2016, Bankersí Bank Northeast, a Connecticut bankersí bank, filed an application for approval to organize a bank holding company pursuant to Section 36a-181 of the Connecticut General Statutes. The bank holding company will be organized as the newly formed Connecticut stock corporation BBN Financial Corporation, and will acquire all the issued and outstanding shares of Bankersí Bank Northeast pursuant to an agreement and plan of reorganization filed with the application.

      Dated: Tuesday, March 29, 2016

      Jorge L. Perez
      Banking Commissioner