DOB: Bank Mergers/Acquisitions in Connecticut

Bank Mergers and Acquisitions

The following tables show mergers and acquisitions of banks located in Connecticut from 2000 to the present. All cities and towns are in Connecticut, unless otherwise indicated. Approval and effective dates are shown in month/day/year format. Information on previous activity is available on historical pages listed below.  Visit our banks in Connecticut page for institution contact information. 

  Bank Mergers & Acquisitions
By Year
2000 8
2001 8
2002 1
2003 5
2004 9
2005 5
2006 5
2007 4
4
5
5
4
2
3
0

Historical Activity: 1990 to 1999 | 1980 to 1989
 
Proposed Activity
12/19
On December 19, 2013, Rockville Bank, a Connecticut-chartered stock savings bank and wholly owned subsidiary of Rockville Financial, Inc., a Connecticut corporation, and United Bank, a federal savings association and wholly owned subsidiary of United Financial Bancorp, Inc., a Maryland corporation, filed an application pursuant to Sections 36a-412(b), 36a-126(a) and 36a-125 of the Connecticut General Statutes seeking approval for the merger of United Bank, with its main office located at 95 Elm Street, West Springfield, Massachusetts, with and into Rockville Bank, with its main office located at 25 Park Street, Rockville, Connecticut.  In connection with the merger, Rockville Bank shall change its name to “United Bank.”
   
2013
6/19
On June 19, 2013, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Liberty Bank, a Connecticut-chartered, mutual savings bank headquartered in Middletown, Connecticut, of 100 percent on the voting securities of Southern Connecticut Bancorp, Inc., a Connecticut corporation, and indirectly The Bank of Southern Connecticut, a Connecticut-chartered stock bank.  Also on June 19, 2013, the Commissioner, pursuant to Section 36a-125 of the Connecticut General Statutes, approved the merger of The Bank of Southern Connecticut with and into Liberty Bank, which will result in Liberty Bank being the sole surviving entity.
Effective June 21, 2013
7/23
On July 23, 2013, the Commissioner, pursuant to Section 36a-125 of the Connecticut General Statutes, approved the merger of The Bank of Fairfield with and into The Bank of New Canaan, a Connecticut-chartered bank and trust company and wholly-owned subsidiary of BNC Financial Group, Inc., the resulting bank to operate under the name “Bankwell Bank.”
Effective September 9, 2013
 
10/25
On October 25, 2013, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of The Wilton Bank, a Connecticut-chartered bank and trust company, with and into Bankwell Bank (formerly The Bank of New Canaan), a Connecticut-chartered bank and trust company and wholly-owned subsidiary of Bankwell Financial Group, Inc. (formerly BNC Financial Group, Inc.).
Effective November 5, 2013
12/23
On December 23, 2013, pursuant to Section 36a-412 of the Connecticut General Statutes, the Commissioner approved the merger of The Northern Trust Company of Connecticut, a Connecticut chartered bank and trust company headquartered in Stamford, Connecticut, with and into Northern Trust Investments, Inc., an Illinois state bank headquartered in Chicago, Illinois.
 
2012
4/17
On April 17, 2012, pursuant to Section 36a-411 of the Connecticut General Statutes, the Commissioner approved the acquisition by Berkshire Hills Bancorp, Inc., a savings and loan holding company with its principal place of business in Massachusetts, for the acquisition of 100 percent of the voting securities of The Connecticut Bank and Trust Company, a Connecticut-chartered bank and trust company, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisition. Also on April 17, 2012, the Commissioner, pursuant to Section 36a-412(a)(1) and 36a-125 of the Connecticut General Statutes,  approved the merger of The Connecticut Bank and Trust Company, with and into Berkshire Bank, a Massachusetts savings bank and a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc.
Effective April 20, 2012
11/8
On November 8, 2012, pursuant to Section 36a-411 of the Connecticut General Statutes, the Commissioner approved the acquisition by United Financial Bancorp, Inc., a bank holding company with its principal place of business in Massachusetts, for the acquisition of 100 percent of the issued and outstanding voting securities of New England Bancshares, Inc., a bank holding company with its principal place of business in Enfield, Connecticut, and its wholly-owned subsidiary New England Bank, a Connecticut bank, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisition. Also on November 8, 2012, the Commissioner, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, approved the merger of New England Bank, with and into United Bank, a federal savings bank and a wholly-owned subsidiary of United Financial Bancorp, Inc.
Effective November 16, 2012
 
2011
4/6
On April 6, 2011, pursuant to Section 36a-411 of the Connecticut General Statutes, the Commissioner approved the acquisition by First Niagara Financial Group, Inc., a bank holding company with its principal place of business in New York, for the acquisition of 100 percent of the issued and outstanding voting stock of NewAlliance Bancshares, Inc., a bank holding company, and indirectly of NewAlliance Bank, a Connecticut bank, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove such acquisition.  Also on April 6, 2011, the Commissioner, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes,  approved the merger of NewAlliance Bank with and into First Niagara Bank, N.A.
Effective April 15, 2011
6/24
On June 24, 2011, in connection with the second step conversion of Naugatuck Valley Mutual Holding Company, a federally-chartered holding company from a mutual to stock form of organization, the Commissioner issued a notice of intent not to disapprove the acquisition statement filed on March 15, 2011, pursuant to Section 36a-184 of the Connecticut General Statutes, by Naugatuck Valley Financial Corporation, a newly formed Maryland corporation, to acquire 100% of the issued and outstanding common stock of Naugatuck Valley Savings and Loan, a federal stock savings association headquartered in Naugatuck, Connecticut.
12/23 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.
12/23
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.
Effective January 3, 2012
 
2010
3/19
On March 19, 2010, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Union Savings Bank of 100 percent of the voting securities of First Litchfield Financial Corporation and, indirectly, The First National Bank of Litchfield.  Also on March 19, 2010, pursuant to Section 36a-126(a) of the Connecticut General Statutes, the Commissioner approved the merger of The First National Bank of Litchfield with and into Union Savings Bank.
Effective April 7, 2010
3/20
On March 20, 2010, Wachovia Bank, NA and Wachovia Bank of Delaware, NA combined under one charter, Wells Fargo Bank, NA
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking is not required to act on the transaction.)
Effective March 20, 2010
10/12
On October 12, 2010, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the indirect acquisition by First City Fund Corporation and the direct acquisition by First Community Bancorp, Inc. of 100 percent of the voting securities of Start Community Bank.
12/1
On December 1, 2010, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of Liberty Interim Bank, a Connecticut interim bank that is a wholly-owned subsidiary of Liberty Bank, a Connecticut-chartered mutual savings bank, with and into Connecticut River Community Bank, a Connecticut bank and trust company; and pursuant to Section 36a-184 of the Connecticut General Statutes, issued a notice of intent not to disapprove the acquisition by Liberty Bank of 100% of the voting securities of Connecticut River Community Bank resulting from such merger.  Also on December 1, 2010, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of Connecticut River Community Bank with and into Liberty Bank, immediately following the acquisition.
Effective December 3, 2010
12/15
On December 15, 2010, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by George F. D’Angelo and John J. Fareri, both individually and collectively, of more than 25% of the outstanding voting securities of The First Bank of Greenwich.
 
2009
4/24 On April 24, 2009, pursuant to Section 36a-126(a) of the Connecticut General Statutes, the Commissioner approved the merger of Enfield Federal Savings and Loan Association, a federal bank, with and into Valley Bank, a Connecticut bank, both wholly-owned subsidiaries of New England Bancshares Inc., the resultant bank to operate under the name New England Bank.
5/18

On May 18, 2009, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of The Apple Valley Bank & Trust Company, a Connecticut bank, with and into New England Bank, a Connecticut bank that is a wholly owned subsidiary of New England Bancshares, Inc., a Connecticut holding company, the resultant bank to operate under the name New England Bank.  On May 18, 2009, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by New England Bancshares, Inc. of 100% of the voting securities of The Apple Valley Bank & Trust Company through such merger.

5/28
On May 28, 2009, pursuant to Section 36a-198 of the Connecticut General Statutes, the Commissioner approved the application of Collinsville Savings Mutual Holding Company, for the establishment of a subsidiary holding company to be known as Collinsville Stock Holding Company, and, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Connecticut Mutual Holding Company, of 100% of the outstanding shares of common stock of Collinsville Stock Holding Company, and, indirectly, Collinsville Savings Society.
6/22
On June 22, 2009, pursuant to Section 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of Castle Bank & Trust Company, a Connecticut bank, with and into Naugatuck Savings Bank, a Connecticut bank, both wholly-owned subsidiaries of Nutmeg Financial, MHC, the resultant bank to operate under the name Naugatuck Savings Bank.
Effective August 8, 2009 
12/23
On December 23, 2009, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Alcar LLC of approximately 91 percent of the voting securities of Darien Rowayton Bank, the indirect acquisition by Gary Lieberman of more than 25 percent of the voting securities of Darien Rowayton Bank and the indirect acquisition by The Robert Hirt and Tracey Najarian Hirt Revocable Living Trust of more than 10 percent of the voting securities of Darien Rowayton Bank.
 
2008
1/2
People's United Financial, Inc., the holding company for People's United Bank, announced today that it has completed its acquisition of Chittenden Corporation, a $7.4 billion multi-bank holding company headquartered in Burlington, Vermont.  The combined company now has over $21 billion in assets and more than 300 bank branches in Connecticut, Massachusetts, Vermont, New Hampshire, Maine and New York.
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking is not required to act on the transaction.)
2/29
On February 29, 2008, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, the Commissioner approved the merger of Superior Savings of New England, National Association with and into Capital One, National Association, the resultant bank to be Capital Bank, National Association.
3/31
On March 31, 2008, TD Banknorth Financial Group (C$435 billion) of Toronto, Canada, completed its acquitision of Commerce Bancorp ($49.26 billion) of Cherry Hill, NJ.  The deal received federal regulatory approval on March 13, 2008.  On June 1, 2008, the merger of the banks was completed when Commerce Bank, NA and Commerce Bank/North of Cherry Hill, NJ, merged into TD Banknorth, NA of Portland, ME. 
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking is not required to act on the transaction.) 
8/15
On August 15, 2008, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapproved the acquisition by BNC Financial Group, Inc., of 100 percent of the voting securities of The Bank of Fairfield, Fairfield, Connecticut.
  
2007
3/19 On March 23, 2007, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by New England Bancshares, Inc., and New England Bancshares Acquisition, Inc., of 100 percent of the issued and outstanding voting securities of First Valley Bancorp, Inc.
8/21 On August 21, 2007, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, as amended by Public Act 07-14, the Commissioner approved the mergers of Citizens Bank of Connecticut with and into Citizens Bank, National Association, a national banking association with its main office located in Albany, New York, and of RBS National Bank, a national banking association with its principal office located in Bridgeport, Connecticut, with and into Citizens Bank, National Association.
10/24

On October 24, 2007, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Christopher J. Lavin of more than 10 percent but less than 25 percent of the voting securities of The Wilton Bank.

10/24

On October 24, 2007, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Lauren E. Ruttkamp of more than 10 percent but less than 25 percent of the voting securities of The Wilton Bank.

  
2006
1/31 TD Banknorth Inc. and Hudson United Bancorp announced on July 12, 2005 that they had signed a definitive agreement for TD Banknorth to acquire Hudson United for approximately US$1.9 billion in cash and TD Banknorth stock. On a pro forma basis, the transaction will create a regional financial services company with 590 branches, 751 ATMs and over US$26 billion in deposits across 8 northeastern states. The purchase was completed on January 31, 2006. Hudson United Bank was merged into TD Banknorth, N.A. 
Effective January 31, 2006
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.) 
3/8 On March 8, 2006, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes, approval was granted for the merger of U.S. Trust Company, National Association, Greenwich, Connecticut, with and into United States Trust Company, National Association, New York City, New York, with the United States Trust Company, National Association as the resulting entity to be headquartered in New York City, New York.
Effective March 31, 2006 
3/30 On March 30, 2006, pursuant to Section 36a-137 of the Connecticut General Statutes, approval was granted to Castle Bank & Trust Company, to convert from a capital stock bank and trust company to a capital stock savings bank. Also on March 30, 2006, pursuant to Section 36a-70(p) of the Connecticut General Statutes, the Commissioner issued a Temporary Certificate of Authority to Nutmeg Financial, MHC to organize Nutmeg Interim Bank as an interim Connecticut bank; pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove the acquisition by Nutmeg Financial, MHC of 100 percent of the voting securities of Castle Bank & Trust Company immediately following the conversion; and pursuant to Section 36a-125 of the Connecticut General Statutes, approved the merger of Nutmeg Interim Bank with and into Castle Bank & Trust Company, the resulting bank to operate as a capital stock savings bank under the name of Castle Bank & Trust Company.
Effective April 28, 2006
6/1 Groupo Santandar has completed the acquisition of 19.8% in Sovereign Bancorp, Inc. as provided for in the investment agreement announced in October, 2005, having obtained the necessary approval from the relevant regulatory and supervisory agencies. 
Effective June 1, 2006
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction.)
8/29 On August 29, 2006, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Webster Financial Corporation of all of the issued and outstanding voting securities of NewMil Bancorp, Inc., and indirectly NewMil Bank. The acquisition will take place through the merger of NewMil Bancorp, Inc., with and into Webster Financial Corporation. Immediately following the acquisition, pursuant to Section 36a-126(b) of the Connecticut General Statutes, NewMil Bank will merge with and into Webster Bank, N.A., a national banking association that is a wholly-owned subsidiary of Webster Financial Corporation.
Effective October 6, 2006
10/19 On October 19, 2006, the Commissioner, in connection with the application by Fairfield County Bank Corp., a mutual savings bank, to reorganize so as to form a mutual holding company, issued a notice of intent not to disapprove the formation of a proposed mutual holding company to be known as Farfield County Bank III MHC, Inc., pursuant to Section 36a-192(h) of the Connecticut General Statutes.  Also in connection with the application, approval was granted, pursuant to Sections 36a-193 and 36a-192(b)(2) of the Connecticut General Statutes, to form a reorganized savings institution to be known as Fairfield County Bank II and subsequently merge Fairfield County Bank Corp., with and into Fairfield County Bank II, the resulting bank to operate as a capital stock savings bank under the name Fairfield County Bank.  Also, on October 19, 2006, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Fairfield County Bank, MHC of 100% of the voting securities of Fairfield County Bank.
11/14 On November 14, 2006, pursuant to Section 36a-411 of the Connecticut General Statutes, the Commissioner approved the application of Capital One Financial Corporation to acquire and retain indirect ownership and control of 10% or more of the voting stock of Superior Savings of New England, National Association, and, pursuant to Section 36a-185 of the Connecticut General Statutes, issued a notice of intent not to disapprove the acquisition by Capital One Financial Corporation of 100% of the issued and outstanding voting securities of North Fork Bancorporation, Inc., and indirectly Superior Savings of New England, National Association, or, under certain circumstances, of up to 19.9% of the issued and outstanding voting securities of North Fork Bancorporation, Inc.
Effective December 1, 2006
12/7 On December 7, 2006, pursuant to Sections 36a-412(b) and 36a-125 of the Connecticut General Statutes, the Commissioner approved the merger of Westbank with and into NewAlliance Bank, the resulting entity to operate as a capital stock savings bank under the name NewAlliance Bank
Effective January 2, 2007
 
2005
3/1 TD Bank Financial Group and Banknorth Group, Inc. announced a definitive agreement for TD Bank Financial Group to acquire 51% of the outstanding shares of Banknorth. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. Banknorth Group, Inc., headquartered in Portland, Maine, operates a division of Banknorth, N.A. in Connecticut.
Effective March 1, 2005
3/1 Webster Financial Corporation, Waterbury, Connecticut, the holding company for Webster Bank, National Association, announced the completion of its acquisition of Eastern Wisconsin Bancshares, Inc., the holding company for State Bank of Howards Grove, which operated under the trade name HSA Bank, Howards Grove, Wisconsin. Webster Bank, National Association divested of HSA Bank's retail branches but retained the bank's health savings accounts and health savings deposits. The bank will operate under the name HSA Bank, a Division of Webster Bank, National Association, with headquarters relocated to Sheboygan, WI. 
Effective March 1, 2005 
4/28 Banking Commissioner approved the application of U.S. Bancorp, Inc., a bank holding company with its principal place of business in Minnesota, and its subsidiary, U.S. Bank, National Association, headquartered in Minneapolis, to acquire and retain the ownership and control of 100 percent of the to be issued voting stock of State Street Bank and Trust Company of Connecticut, National Association, a limited purpose national bank trust company with its principal office in Connecticut.
Effective May 2, 2005 
5/27 Banking Commissioner issued a notice of intent not to disapprove the acquisition by NewAlliance Bancshares, Inc., of all of the outstanding voting securities of Trust Company of Connecticut, a trust bank. Also on May 27, 2005, the Commissioner approved the merger of Trust Company of Connecticut with and into NewAlliance Bank, a Connecticut bank.
Effective July 1, 2005 
9/13 Banking Commissioner issued a notice of intent not to disapprove the acquisition by NewAlliance Bancshares, Inc. of all the outstanding voting securities of Cornerstone Bancorp, Inc., and indirectly, Cornerstone Bank. Also on September 13, 2005, the Commissioner approved the merger of Cornerstone Bank with and into NewAlliance Bank.
Effective January 2, 2006 
  
2004
3/26 Banking Commissioner granted approval to The Prudential Savings Bank, FSB, a federal savings bank with its main office located in Atlanta, Georgia, for the merger of CIGNA Bank & Trust Company, FSB, a federal savings bank with its main office located in Hartford, Connecticut, with and into The Prudential Savings Bank, FSB.
Effective April 1, 2004
3/30 Banking Commissioner issued a notice of intent not to disapprove the acquisition by NewAlliance Bancshares, Inc., a corporation to be formed as the holding company of NewAlliance Bank, of 100 percent of the voting securities of Connecticut Bancshares, Inc., and indirectly The Savings Bank of Manchester, and 100 percent of the voting securities of Alliance Bancorp of New England, Inc., and indirectly Tolland Bank.  The Commissioner also approved the merger of The Savings Bank of Manchester and Tolland Bank with and into NewAlliance Bank.
Effective April 1, 2004
3/31 Webster Financial Corporation, Waterbury, announced a definitive agreement to acquire Phoenix National Trust Company, a wholly-owned subsidiary of the Phoenix Companies, Inc. on December 18, 2003.  The purchase was completed on March 31, 2004.  Phoenix National Trust Company was merged into Webster Trust Company, N.A., a subsidiary of Webster Financial Corporation.
Effective March 31, 2004

(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction.)
4/1 Bank of America Corporation, Charlotte, N.C., the holding company for Bank of America, and FleetBoston Financial Corporation, Boston, MA., holding company for Fleet National Bank, Providence, R.I., completed their merger.  The merger established a new Bank of America, with the combined company's headquarters in Charlotte, N.C. 
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
4/21 On April 21, 2004, Webster Bank converted from a federal saving bank to a national bank charter.  As part of that conversion, Webster Trust Company, N.A. was merged into Webster Bank, National Association.
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction.)
4/29 Banking Commissioner approved the acquisition by AXA Assurances IARD Mutuelle, AXA Assurances Vie Mutuelle and AXA Courtage Assurance Mutuelle, three mutual insurance companies incorporated under the laws of France, and Mutuelles AXA’s wholly-owned subsidiary AXA Financial, Inc., a Delaware corporation, of 100 percent of the issued and voting stock of The MONY Group Inc., a Delaware corporation whose main office is located in New York, New York, and indirectly The MONY Group Inc.’s wholly-owned subsidiary Advest Trust Company, a federal savings bank limited to fiduciary powers whose main office is located in Hartford, Connecticut, and issued a notice of intent not to disapprove such acquisitions.  Banking Commissioner also approved the merger of  Advest Trust Company with and into AXA Financial Inc.’s indirectly wholly-owned subsidiary, Frontier Trust Company, FSB, a federal savings bank limited to fiduciary powers whose main office is located in Fargo, North Dakota.
Effective July 8, 2004
4/30 Banking Commissioner issued a notice of intent not to disapprove the acquisition by Salisbury Bancorp, Inc., of 100 percent of the voting securities of Canaan National Bancorp, Inc., and, indirectly, The Canaan National Bank. Also on April 30, 2004, the Commissioner approved the merger of The Canaan National Bank with and into Salisbury Bank and Trust Company.
Effective September 10, 2004
5/14 Webster Financial Corporation, Waterbury, holding company for Webster Bank, completed its acquisition of FIRSTFED AMERICA BANCORP, INC., Swansea, MA, holding company for First Federal Savings Bank of America.  
Effective May 14, 2004
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
6/1 Banking Commissioner granted approval for the merger of Bank of Westport with and into Fairfield County Bank Corp., the resulting bank to operate as a mutual savings bank under the name of Fairfield County Bank Corp.
Effective June 21, 2004
8/31 Citizens Financial Group, Inc. (Citizens) of Providence, Rhode Island, a subsidiary of The Royal Bank of Scotland Group plc, completed its transaction to acquire Charter One Financial, Inc., of Cleveland, Ohio, holding company for Charter One Bank, National Association, of Cleveland, Ohio and operating branches in Connecticut. Citizens Financial Group, Inc. operates Citizens Bank of Connecticut, New London. Following the transaction, Charter One Bank, National Association, became part of Citizens Bank of Connecticut.
Effective November 8, 2004
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
11/30 Banking Commissioner issued a notice of intent not to disapprove the acquisition by Webster Financial Corporation, Waterbury, a Delaware corporation and the holding company for Webster Bank, N.A., of First City Bank, a Connecticut bank and trust company headquartered in New Britain.  The acquisition will take place through the merger of First City Bank with and into Webster Bank, N.A.
Effective December 6, 2004
12/14 Banking Commissioner approved the application of The Royal Bank of Scotland Group plc, Great Britain, and its indirectly owned subsidiary, Citizens Financial Group, Inc., Rhode Island, to acquire and retain the ownership and control of 100 per cent of the to be issued voting stock of RBS National Bank, a limited purpose credit card bank in organization in Connecticut, and issued a notice of intent not to disapprove such acquisition.  
 
2003
1/10 Banking Commissioner approved the application of Banknorth Group, Inc., a holding company with its principal place of business in Portland, ME, and its wholly-owned subsidiary, Banknorth, National Association, to acquire American Financial Holdings, Inc., New Britain, and its wholly-owned subsidiary, American Savings Bank, a state-chartered savings bank headquartered in New Britain, and the subsequent merger of American Savings Bank with and into Banknorth, National Association
Effective February 14, 2003
1/17 Citizens Financial Group, Inc., Providence, RI, a wholly-owned subsidiary of The Royal Bank of Scotland plc, and holding company for Citizens Bank of Connecticut based in New London, acquired Commonwealth Bancorp, Inc., Norristown, PA, holding company for Commonwealth Bank, a Pennsylvania  chartered savings bank.  Commonwealth Bank became part of Citizens Bank in the Mid-Atlantic region by merging with Citizens Bank of Pennsylvania. 
Effective January 17, 2003
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
10/7 Banking Commissioner issued a notice of intent not to disapprove the acquisition by Webster Financial Corporation, Waterbury, holding company for Webster Bank, of all the outstanding voting securities of The North American Bank & Trust Company, a state chartered commercial bank headquartered in Waterbury and the subsequent merger of The North American Bank and Trust Company with and into Webster Bank.
Effective November 7, 2003 
11/24 Banking Commissioner granted approval for the merger of  The Greenwich Bank & Trust Company, with and into Westport National Bank.  As part of the merger, Westport National Bank changed its name to Connecticut Community Bank, National Association, and will conduct business at its current offices in Connecticut as Westport National Bank, a Division of Connecticut Community Bank, National Association, and conduct business at the current offices of The Greenwich Bank & Trust Company in Connecticut as The Greenwich Bank & Trust Company, a Division of Connecticut Community Bank, National Association.
Effective December 1, 2003
12/4 Banking Commissioner granted approval for the merger of Fairfield County Savings Bank, Norwalk, with and into Ridgefield Bank, the resulting bank to operate as a mutual savings bank under the name of Fairfield County Bank Corp.  Headquartered in Ridgefield, Fairfield County Bank Corp., will operate two divisions, Fairfield County Bank in Norwalk and Ridgefield Bank in Ridgefield.
Effective January 1, 2004
12/23 Windsor Locks Community Bank, FSL, merged with and into Enfield Federal Savings and Loan Association.  
Effective December 12, 2003
(Note: This merger is listed for informational purposes. The Connecticut Department of Banking was not required to act on the transaction.)
 
2002
1/1 First Massachusetts Bank, N.A. (d/b/a "GBT"), Bank of New Hampshire, N.A., The Howard Bank, N.A., First Vermont Bank, N.A., Franklin Lamoille Bank, N.A., and Evergreen Bank, N.A. merged with and into People's Heritage Bank, N.A. under the latter's charter number. The resulting bank title is Banknorth, National Association.  
Effective January 1, 2002
(Note: This merger is listed for information purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
6/12 Westport National Bank received approval from the Office of the Comptroller of the Currency, for the merger of Middlesex Bank & Trust Company, Newton, Massachusetts, with and into Westport National Bank.
Effective July 1, 2002
(Note: This merger is listed for information purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
7/25 Banking Commissioner approved the application of Banknorth Group, Inc. to acquire and retain the ownership and control of 100 percent of the issued and outstanding voting stock of Bancorp Connecticut, Inc., and indirectly, Southington Savings Bank, and issued a notice of intent not to disapprove such acquisitions. The Commissioner also approved the merger of Southington Savings Bank, with and into Banknorth, National Association.
Effective August 31, 2002
 
2001
2/15 Banking Commissioner approved the application of FleetBoston Financial Corporation to acquire and retain the ownership and control of 100 percent of the issued and outstanding voting stock of Summit Bancorp., and indirectly, Summit Bank, and issued a notice of intent not to disapprove such acquisitions. The Commissioner also approved the merger of Summit Bank with and into Fleet National Bank
Effective March 1, 2001
3/23 Banking Commissioner approved the application of U.S. Trust Company, Greenwich, to acquire Resource Trust Company, Minneapolis, MN, and the subsequent merger of Resource Trust Company with and into U.S. Trust Company.
Effective April 30, 2001
4/16 Banking Commissioner issued a notice of intent not to disapprove the acquisition by The Phoenix Companies, Inc. of 100 percent of the voting securities of Phoenix Home Life Mutual Insurance Company and, indirectly, of Phoenix Charter Oak Trust Company, Hartford, and the acquisition of 100 percent of the voting securities of the Phoenix Charter Oak Trust Company by Newco, a to be formed indirect wholly-owned subsidiary of The Phoenix Companies, Inc.
5/31 Banking Commissioner issued a notice of intent not to disapprove the acquisition by United Parcel Service, Inc. (UPS), Atlanta, Ga., of 100 percent of the voting securities of First International Bancorp, Inc., and indirectly, of First International Bank, a Connecticut state-chartered bank and trust company in   Hartford.  As part of the transaction, First International Bank will cease to be a federally-insured depository institution regulated by the FDIC and will operate as a Connecticut state-chartered uninsured bank, the first of its kind to be established in the state following enabling legislation passed by the General Assembly in 1999.
6/15 Banking Commissioner issued a notice of intent not to disapprove the acquisition by Connecticut Bancshares, Inc., Manchester, the holding company for The Savings Bank of Manchester, a state-chartered capital stock savings bank, of 100 percent of the voting securities of First Federal Savings and Loan Association of East Hartford. The Commissioner also approved the merger of First Federal Savings and Loan Association of East Hartford with and into The Savings Bank of Manchester.
Effective August 31, 2001 
6/19 Banking Commissioner issued a notice of intent not to disapprove the acquisition by Liberty Bank, a Connecticut state-chartered mutual savings bank headquartered in Middletown, of 100 percent of the voting securities of Hometown Bank, a Connecticut state-chartered mutual savings bank headquartered in Moodus.  The Commissioner also approved the merger of Hometown Bank with and into Liberty Bank. Effective July 3, 2001
8/20 Banking Commissioner granted approval for the merger of Cargill Bank, a state-chartered capital stock savings and loan association in Putnam, with and into Park West Bank and Trust Company, a Massachusetts chartered trust company, the resulting entity to be known as Westbank, headquartered in West Springfield, Massachusetts.
Effective September 7, 2001
11/27 Banking Commissioner issued a notice of intent not to disapprove the acquisition by American Financial Holdings, Inc., holding company for American Savings Bank, a state-chartered capital stock savings bank headquartered in New Britain, of  American Bank of Connecticut, a state-chartered capital stock savings bank headquartered in Waterbury. The Commissioner also approved the merger of  American Bank of Connecticut with and into American Savings Bank
Effective January 18, 2002
 
2000
1/21 Citizens Financial Group, Inc., Providence, RI, a wholly-owned subsidiary of The Royal Bank of Scotland plc, and holding company for Citizens Bank of Connecticut based in New London, acquired  UST Corp., Boston.
Effective January 21, 2000
(Note: This merger is listed for information purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
1/24 Banking Commissioner approved the application and acquisition statement filed by Summit Bancorp, Princeton, NJ, the holding company for Summit Bank, a state-chartered savings bank located in Norwalk, to acquire NMBT Corp and, indirectly, to acquire and retain the ownership or control of 100 per cent of the issued and outstanding voting stock of its wholly-owned subsidiary, NMBT, a state-chartered bank and trust company headquartered in New Milford, and for the subsequent merger of NMBT with and into Summit Bank.
Effective April 14, 2000
5/1 Banking Commissioner approved the application of The Charles Schwab Corporation, San Francisco, California, to acquire and retain indirect ownership and control of 100 per cent of the voting stock of U.S. Trust Company, Greenwich.  Also on May 1, 2000, the Banking Commissioner issued notices of intent not to disapprove the acquisitions by The Charles Schwab Corporation of 100 per cent of the beneficial ownership of U.S. Trust Company, and by Charles R. Schwab, of 10 per cent, but less than 25 per cent, of the beneficial ownership of U.S. Trust Company.
Effective May 31, 2000
5/1 Banking Commissioner approved the merger of Glastonbury Bank & Trust Company, a Connecticut state-chartered bank, with and into First Massachusetts Bank, National Association, Worcester. In Connecticut,  the bank will be doing business as GBT, a Division of First Massachusetts Bank, National Association.
Effective May 12, 2000
6/12 Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition by Webster Financial Corporation, Waterbury, holding company for Webster Bank, a federal savings bank headquartered in Waterbury, of all of the outstanding voting shares of  MECH Financial, Inc.,  Hartford, and indirectly, Mechanics Savings Bank, a state-chartered savings bank headquartered in Hartford.  Subsequent to the merger of MECH Financial, Inc. with and into Webster Financial Corporation, Mechanics Savings Bank will be merged with and into Webster Bank.
Effective June 23, 2000
11/8 Banking Commissioner approved the merger of Nutmeg Federal Savings and Loan Association, a capital stock federal savings and loan association located in Danbury, with and into NewMil Bank, a state-chartered savings bank located in New Milford.  In connection with the merger, on October 24, 2000, the Banking Commissioner issued a Notice of Intent Not to Disapprove the acquisition by NewMil Bancorp, Inc., holding company for New Milford Savings Bank, a state-chartered savings bank, of all of the outstanding voting securities of Nutmeg Federal Savings and Loan Association  through the merger of Nutmeg Federal Savings and Loan Association with and into New Milford Savings Bank. On October 2, 2000, New Milford Savings Bank changed its named to NewMil Bank.
Effective November 13, 2000
11/13 Banking Commissioner approved the application and acquisition statement of ING Groep N.V., a holding company incorporated under the laws of The Netherlands, and its wholly-owned subsidiary ReliaStar Financial Corp., and ReliaStar Financial Corp.'s wholly-owned subsidiary, ING National Trust, a national banking association limited to fiduciary powers whose main office is located in Minneapolis, Minnesota, for the acquisition of Aetna Trust Company, FSB, Hartford, a federal savings association limited to fiduciary powers, and the subsequent merger of Aetna Trust Company, FSB, with and into ING National Trust.
Effective December 13, 2000
11/16 Banking Commissioner approved the application and acquisition statement of ING Groep N.V., a holding company incorporated under the laws of The Netherlands, and ING America Insurance Holdings, Inc., a Wilmington, Delaware wholly-owned subsidiary of ING Groep N.V. and a bank holding company, to acquire and retain the ownership or control of 100 percent of the issued and outstanding voting stock of Aetna, Inc. and, indirectly, Aeltus Trust Company, Hartford, a state-chartered limited purpose trust company.  Aeltus Trust will continue to operate as a state-chartered limited purpose trust company.
12/8 Bank Austria AG, Vienna, which maintains an office in Greenwich, Connecticut, was acquired by Bayerische Hypo-Und Vereinsbank, Munich, Germany, (more commonly known as HypoVereinsbank) and will continue to operate as a separate Austria-based subsidiary with an office in Greenwich, Connecticut. 
(Note: This acquisition is listed for information purposes. The Connecticut Department of Banking was not required to act on the transaction and it will not be included in the summary table at the top of the page.)
12/11 Banking Commissioner issued a notice of intent not to disapprove the acquisition by The MONY Group Inc. and MONY Acquisition Corp., of all the outstanding voting securities of The Advest Group Inc., and indirectly, Advest Bank and Trust Company, Hartford, a federal savings bank.
2/27
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 f


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