State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2210
Week Ending June 30, 2006

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, Banking Commissioner, 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
State Bank 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 Financial Institutions Division, (860) 240-8180.

Date Bank Location Activity
6/12/06
The Guilford Savings Bank
Guilford
*494 Old Toll Road
  Route 80
  North Madison, CT  06443
filed
6/15/06
People’s Bank
Bridgeport
Super Stop & Shop
11 East Main Street
North Canaan, CT  06018
 opening
date
6/19/06 People's Bank
Bridgeport		 FROM:19 East Main Street
         North Canaan, CT
         06018
TO:    11 East Main Street
         North Canaan, CT
         06018		 change of
address by
Post Office
6/21/06 Savings Bank of Danbury
Danbury		 90 Mill Plain Road
Danbury, CT  06811		 opening
date
6/26/06 Thomaston Savings Bank
Thomaston		 1625 Straits Turnpike
Middlebury, CT  06762		 filed
6/26/06
People’s Bank
Bridgeport
**860 Bridgeport Avenue
    Shelton, CT  06484
filed
* Full Service Branch (previously listed as Limited Branch - LPO)
** Limited Branch

FOREIGN BANK ACTIVITY
On June 26, 2006, pursuant to Section 36a-428a of the Connecticut General Statutes, the Commissioner issued a license to The Governor and Company of the Bank of Ireland to establish and maintain a state branch at 75 Holly Hill Lane, Greenwich, Connecticut.

ACQUISITION AND MERGER
On June 30, 2006, pursuant to Section 36a-184 of the Connecticut General Statutes, Webster Financial Corporation, a Delaware corporation, filed an acquisition statement for the acquisition of NewMil Bancorp, Inc., and indirectly, NewMil Bank.  Immediately following the acquisition, NewMil Bank will be merged with and into Webster Bank, National Association, a wholly-owned subsidiary of Webster Financial Corporation.

PETITION FOR DECLARATORY RULING
On June 21, 2006, a petition for a declaratory ruling was filed pursuant to Section 4-176 of the Connecticut General Statutes and Section 36a-1-84 of the Regulations of Connecticut State Agencies on behalf of Paul J. Pinto.  The petition seeks a declaratory ruling as to whether the Commissioner complied with Section 46a-80 of the Connecticut General Statutes in connection with the Commissioner’s May 16, 2006, denial of Paul J. Pinto’s originator registration.
         Dated:  Wednesday, July 5, 2006
         John P. Burke
         Commissioner