The Department of Banking News Bulletin 

Bulletin # 2035
Week Ending February 21, 2003

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 John P. Burke, Commissioner of Banking, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.

BRANCH ACTIVITY

Section 36a-145 of the Connecticut General Statutes requires that each application 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 Bank Examination Division, (860) 240-8180.
Note: dates are listed in month/day/year format.

State Bank Activity

On February 21, 2003, the Commissioner issued a Findings of Fact, Conclusions of Law and Order against A1 Financial Management Services, Inc., located at 614 East Atlantic Boulevard, Pompano Beach, Florida, which ordered A1 Financial Management Services, Inc. to cease and desist from violating Section 36a-656 of the Connecticut General Statutes and imposed a civil penalty of $7500. The agency's action was based on the fact that the respondent engaged in the business of debt adjustment without a license.