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Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  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-Branch Type
09/09/16	First Bank of Greenwich Cos Cob	898 Summer Street Stamford, CT  06905	Approved - Full Service

On August 31, 2016, the Commissioner entered into a Consent Order with U.S. Equity Advantage Holdings, Inc. f/k/a U.S. Equity Advantage Holdings, LLC (“U.S. Equity”), Orlando, Florida.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged that from approximately January 2008 to May 2014, U.S. Equity engaged in the business of money transmission in this state without a license, in violation of Section 36a 597 of the Connecticut General Statutes.  U.S. Equity agreed to cease and desist from engaging in the business of money transmission in this state without a license and to pay a civil penalty of $150,000.