DOB: New Banks in Connecticut

New Banks in Connecticut

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The following tables outline new bank activity in Connecticut dating back to 1980. Visit our banks in Connecticut page for contact information and links to bank web sites.  Some dates are listed in month/day/year format.

State-Chartered Banks in Organization
Institution/
Charter Type
Date Granted Temporary
Certificate of Authority*
Spokesperson/
Phone Number
TNB USA Inc.
uninsured bank 
 A temporary certificate of authority was issued to the organizers of TNB USA Inc. on August 22, 2017.
 Gene Park
* A temporary certificate of authority is valid for eighteen months. The approving authority may, upon the application of the organizers, before the termination of the eighteen-month period and after a hearing, extend, for cause, the period for which the temporary certificate of authority is valid.
 
 
 

Pending Applications for State-Chartered Banks

Institution/
Charter Type
Date of Application Spokesperson/
Phone Number
None at present
 

Pending Federal New Bank Applications or Federal Banks in Organization

None at present


New Banks Opened in Connecticut Since 1980
State and Federally-Chartered Banks

Dates opened are listed in reverse chronological order and are shown in month/day/year format.  Charter type denotes state-chartered (S) or federally-chartered (F). An asterisk denotes banks to function solely in a fiduciary capacity.

Date Opened

Institution

Main Office
Location
Charter
Type

Bank Status

9/3/14 Voya Institutional Trust Company Windsor     S In existence as chartered
12/20/10 Start Community Bank New Haven
S
In existence as chartered
 8/29/08 The Bank of Fairfield Fairfield
S
Merged into Bankwell Bank 9/9/2013
 4/30/08 Fieldpoint Private Bank & Trust Greenwich      F In existence as chartered
3/6/08
Quinnipiac Bank & Trust Company Hamden
S
Merged into Bankwell Bank 9/15/2014
12/20/06 The Bank of Greenwich Greenwich
S
Changed their name to The First Bank of Greenwich 6/22/09
4/24/06 Darien Rowayton Bank Darien S In existence as chartered
4/1/05 RBS National Bank Bridgeport S Merged into RBS Citizens, NA 9/1/2007 
3/12/04 The Connecticut Bank and Trust Company Hartford S Merged into Berkshire Bank 4/20/2012
11/18/02 Connecticut River Community Bank Wethersfield S Merged into Liberty Bank 12/3/2010
4/22/02 The Bank of New Canaan New Canaan S In existence as chartered. Name changed to Bankwell Bank 9/9/2013
10/1/01 The Bank of Southern Connecticut New Haven S Merged into Liberty Bank 6/21/2013
7/25/01 CIGNA Bank & Trust Company, FSB Hartford F Merged in 2004
4/30/01 InsurBanc Farmington F In existence as chartered
3/2/01 The Apple Valley Bank & Trust
Company
Cheshire S Merged into New England Bank in 2009
2/26/01 The Community's Bank Bridgeport S Failed in 2013
9/1/00 The Hartford Bank * Hartford F Voluntary liquidation
2/1/00 Aetna Trust Company, FSB * Hartford F Merged in 2000
2/1/00 MassMutual Trust Company, FSB * Enfield F In existence as chartered
11/15/99 Valley Bank Bristol S Became a subsidiary of First Valley Bancorp  (FVB) 7/1/05; FVB was acquired by New England Bancshares, Inc. 7/12/07
4/23/99 Castle Bank and Trust Company Meriden S
Acquired by Nutmeg Financial, MHC 4/28/06
Merged into Naugatuck Savings Bank 6/22/09
12/28/98 Westport National Bank Westport F Name later changed to 
Connecticut Community Bank, National Association.
10/1/98 Bank of Westport Westport S Merged in 2004
9/8/98 Bankers' Bank, Northeast Glastonbury S In existence as chartered
2/6/98 The Greenwich Bank & Trust
Company
Greenwich S Merged in 2003
8/1/97 Webster Trust Company,
National Association *
Guilford F Merged in 2004
4/24/97 U.S. Trust Company of Connecticut Greenwich S Merged into United States Trust Company of New York, converted to federal charter, name changed to United States Trust Company NA 3/31/06; acquired by Bank of America NA 2/22/08
4/19/96 Phoenix Charter Oak Trust Company * Hartford S Converted to federal charter
and changed name to
Phoenix National Trust Co.;
Merged in 2004
1/1/96 Aeltus Trust Company * Hartford S Name changed to ING Investment Trust Co. 1/1/05
1/1/96 Columbus Circle Trust Company * Stamford S Name later changed to
Circle Trust Company; Failed 9/30/05
3/95 Simsbury Bank & Trust Company Simsbury S In existence as chartered
9/94 Patriot National Bank Stamford F In existence as chartered
8/5/94 Sachem Trust, National Association Guilford F Merged in 1997
11/22/93 Stamford Federal Savings Bank Stamford F Merged in 1999
6/18/93 U.S. Trust Company of Connecticut * Stamford S Merged in 1997
4/16/93 Bankers Trust Company
Connecticut Ltd.*
Greenwich S Name changed to Deutsche Bank Trust Company Connecticut Ltd. 4/15/02.  Converted to National charter, closed CT operations
12/29/92 Trust Company of Connecticut * Hartford S Acquired by NewAlliance Bancshares Inc. 7/1/05; operates as a division of NewAlliance Bank
5/17/91 Maritime Bank & Trust Essex S Merged in 1999
9/14/90 State Street Bank & Trust, N.A. Hartford F Acquired by U. S. Bank NA 5/3/2005
2/28/90 Prime Bank Orange S In existence as chartered
12/7/89 First City Bank New Britain S Acquired by Webster Bank, NA 12/4/2004
5/15/89 Bank of South Windsor South Windsor S Merged in 1998
4/03/89 First Central Bank Hartford S Merged and later failed
3/16/89 Greenwich Trust Co.
(first applied as Greenwich Bank)
Greenwich S Merged and later failed
2/11/89 Liberty National Bank Danbury F Merged in 1995
2/18/89 Greenwood Bank & Trust Bethel S Failed in 1992
/89 Enfield National Bank Enfield F Failed in 1991
12/16/88 Vernon Bank Vernon S Failed in 1992
11/22/88 Heritage Bank,
(first applied as Yankee B&T)
Watertown S Merged in 1996
11/7/88 Connecticut Valley Bank Cromwell S Failed in 1991
8/12/88 Whitney Bank and Trust Hamden S Failed in 1991
1/11/88 First Bank of West Hartford West Hartford S Merged in 1997
1/8/88 Bank of East Hartford East Hartford S Failed in 1991
8/31/87 BayBank Connecticut N.A. Farmington F Merged in 1996 °
8/21/87 State Savings Bank Southington S Merged in 1990
8/11/87 The Equity Bank Wethersfield S Merged in 1995 °
7/20/87 Sentinel Bank Hartford S Failed in 1992
6/19/87 The Bank of Mystic Mystic S Merged in 1995
6/4/87 The Norwalk Bank Norwalk S Failed in 1992
4/27/87 The Wilton Bank Wilton S Merged into Bankwell Bank 11/5/2013
4/1/87 Candlewood Bank & Trust Co. New Fairfield S Merged in 1994
3/11/87 New Haven Merchants Bank New Haven S Merged in 1989
2/19/87 Brookfield Bank Brookfield S Failed in 1992
10/14/86 Harbor National Bank Branford F Failed in 1991
6/16/86 Bank of Southington Southington S Merged in 1998
5/19/86 Shoreline Bank & Trust Co. Madison S Merged in 1994 °
11/18/85 Summit National Bank Torrington F Failed in 1992
10/31/85 Fairfield First Bank & Trust Co. Fairfield S Failed in 1996
10/7/85 The Bank of Darien Darien S Merged in 1996
10/2/85 RCB Trust Co.* Stamford S Name changed to The Northern Trust Company of Connecticut 11/07/97
9/23/85 Financial Federal Savings Bank Hartford F Failed in 1990
9/12/85 Colony Savings Bank Wallingford S Failed in 1992
8/19/85 The Bank of Southeastern CT. Waterford S Merged in 1996
7/18/85 Community National Bank Glastonbury F Failed in 1991
7/1/85 Fleet National Bank Hartford F Voluntary liquidation
4/18/85 Community Savings Bank Bristol S Merged in 1997
4/17/85 Bank of Waterbury Waterbury S Merged in 1994
3/28/85 Founders Bank New Haven S Failed in 1995
3/12/85 First National Bank of Stamford Stamford F Converted to state charter
and changed name to Cornerstone Bank; Acquired by NewAlliance Bank 1/2/06
5/11/84 Charter Federal Savings & Loan Stamford F Failed in 1990
12/24/84 Landmark Bank Hartford S Failed in 1991
12/5/84 Sentry Savings & Loan Stamford S Merged in 1993 °
8/24/84 Advest Bank and Trust Co. Hartford S Merged in 2004 °
5/12/84 Old Saybrook Bank & Trust Co. Old Saybrook S Failed in 1991
6/22/82 Bank of Stamford Stamford S Merged and later failed
11/11/80 Security Savings & Loan Waterbury S Failed in 1991
° merger approval date

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Charter 2010 2011 2012 2013 2014
State 1 0 0 0 1
Federal 0 0 0 0 0
 
Charter 2000  2001  2002  2003 2004 2005 2006 2007 2008 2009
State 0 3 2 0 1 0 2    0    2 0
Federal 3 2 0 0 0 1 0    0    1 0
Charter 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
State 1 1 1 2 0 1 3 1 3 2
Federal 1 0 0 1 2 0 0 1 1 0
Charter 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
State 1 0 1 0 4 8 2 9 6 5
Federal 0 0 0 0 1 5 1 1 0 2

Twenty (20) additional banking institutions were granted state charters between 1970 and 1979 inclusive. 


Historical Notes:

New Bank Applications Not Resulting in Charters
Listed in chronological order

Note: Phantom banks (banks formed for an interim period to effectuate other transactions such as acquisitions and mergers) are not listed on this web page.

The organizers of Milford Community Bank, who applied on February 10, 1987, withdrew their application on June 26, 1987 after they could not reach a consolidation agreement with the organizers of the Laurel Bank in Milford.

Laurel Bank, Milford (formally Milford Bank) applied on December 29, 1986 and was granted a temporary certificate of authority on July 1, 1987.   The organizers failed to apply for an extension by January 1, 1989, so the Banking Commissioner invalidated the temporary certificate on May 16, 1989.

Connecticut Popular Bank, New Haven, was granted a temporary certificate of authority on June 22, 1987. Two extensions were subsequently granted with the second expiring on December 22, 1989.  On April 17, 1990, the Banking Commissioner invalidated the temporary certificate of authority. (Connecticut Popular planned to serve the Hispanic community).

Windham Bank, Willimantic, was issued a temporary certificate of authority on June 6, 1989. It received an extension on December 6, 1990, but its temporary certificate of authority expired on June 6, 1991.

Canterbury Bank & Trust, New Milford, filed an application to organize on November 3, 1989. A hearing scheduled for September 24, 1991 was cancelled and on August 1, 1991, the application was withdrawn without prejudice.

Greenwich Commonwealth Bank, in organization, formerly known as Commonwealth Bank of Greenwich, was granted a temporary certificate of authority on December 16, 1992. On June 14, 1994, the organizers notified the Banking Commissioner that it would not seek an extension.  Its temporary certificate of authority expired on June 16, 1994.

Investors Trust Company, National Association, Darien, which had applied to be a limited purpose trust company, withdrew its application on August 2, 1995 being unsuccessful in raising $2 million in capital required by the Office of the Comptroller of the Currency (OCC).

The application submitted on June 30, 1992 for the formation of Northeast Asset Management Company, Shelton, which was to be a limited purpose trust company, was deemed abandoned in 1995 due to the passage of time.

Sound Bank, F.S.B., Trumbull, was granted a temporary charter in March 1994 by the Office of Thrift Supervision (OTS).  The application was withdrawn by the organizers in early 1996, after having been granted several extensions.

The organizers of Caribbean First Bank, in organization, Hartford, which was granted a temporary certificate of authority on March 29, 1995 and was later granted extensions to the temporary certificate of authority on September 20, 1996, June 25, 1997 and September 23, 1997, surrendered the temporary certificate of authority on January 15, 1998.

On February 5, 1998, the organizers of The Saugatuck Bank & Trust Company withdrew their application to organize a state-chartered bank, previously filed on December 18, 1997.  The same organizers then applied to the OCC to establish Westport National Bank, which opened on December 28, 1998.

NEWCO, National Association, Stamford, applied to the Office of the Comptroller of the Currency (OCC) for a national charter on March 3, 1999.  The application was withdrawn on  October 6, 1999.

The organizers of West Hartford Bank & Trust, in organization, which was granted a temporary certificate of authority on September 24, 1999, surrendered the temporary certificate of authority on January 4, 2001.

Arthur J. Bacci, President and organizer of International Trust Company of the Americas, (in organization), withdrew the application to organize a bank and trust company to function solely in a fiduciary capacity in Hartfordon April 3, 2001. 

The Hartford Bank was granted approval by the Office of Thrift Supervision for a voluntary dissolution effective July 22, 2002.

The Greenwich Bank & Trust Company merged with and into Westport National Bank on December 1, 2003. As part of the merger, Westport National Bank changed its name to Connecticut Community Bank, National Association, intending to conduct business at its former offices in Connecticut as Westport National Bank, a Division of Connecticut Community Bank, National Association, and to conduct business at the former offices of The Greenwich Bank & Trust Company in Connecticut as The Greenwich Bank & Trust Company, a Division of Connecticut Community Bank, National Association

The temporary certificate of authority for The Customers' Bank, in organization, West Haven, originally issued in 2002, and later extended three times, expired on April 30, 2004. 

On January 4, 2006, Southern Connecticut Bancorp, Inc., New Haven Connecticut, and parent company of Bank of Southern Connecticut, New Haven Connecticut, formally withdrew its application with the State of Connecticut Department of Banking to organize The Bank of Southeastern Connecticut, with proposed headquarters in New London Connecticut.  This withdrawal is in connection with the application for a branch received December 22, 2005, to now open the New London location as a branch of Bank of Southern Connecticut.
 
On May 28, 2008, Higher One Bank (In Organization), a Connecticut bank in organization, (“Higher One”) and its parent company, Higher One Inc., filed with the Commissioner a withdrawal of the following applications effective May 30, 2008:
 
1.  Higher One’s application to organize a Connecticut bank pursuant to Section 36a-70 of the Connecticut General Statutes;
 
2.  Higher One’s application pursuant to Section 36a-210(b) of the Connecticut General Statutes to acquire a significant part of the business of The Frost National Bank, a national banking association with its principal office in San Antonio, Texas; and
 
3.  Higher One Inc.’s application pursuant to Section 36a-184 of Connecticut General Statutes to become a bank holding company by acquiring Higher One Bank upon its organization as a Connecticut-chartered bank.
 
On July 15, 2008, the organizers of Harbor Bank & Trust, Fairfield, Connecticut, withdrew their application to organize Harbor Bank & Trust, which was filed with the Banking Commissioner on October 24, 2006, pursuant to Section 36a-70 of the 2006 Supplement to the General Statutes, and the temporary certificate of authority issued on June 18, 2007, has been surrendered.
 
On September 8, 2011, the organizers of Sachem Bank, Madison, Connecticut, withdrew their application to organize Sachem Bank, which was filed with the Banking Commissioner on November 26, 2008 pursuant to Section 36a-70 of the Connecticut General Statutes.
 


Content Last Modified on 9/8/2017 1:01:39 PM