State of Connecticut Department of Banking

The Department of Banking News Bulletin 

Bulletin # 2789
Week Ending August 4, 2017

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten days from the date of this bulletin.

STATE BANK ACTIVITY
Branch Activity
Section 361-145 of the Connecticut General Statutes requires certain applications for a branch, of 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:  August 1, 2017
BANK:  Thomaston Savings Bank, Thomaston
LOCATION:  669 Wolcott Road, Wolcott, CT  06716
ACTIVITY-BRANCH TYPE:  Approval to open Full Service Branch

Acquisition
On August 4, 2017, Donald J. Vaccaro withdrew the acquisition statement to acquire between 25% to 49.9% of the voting securities of Prime Bank, a Connecticut bank and trust company headquartered in Orange, Connecticut, that he had filed on May 22, 2017, pursuant to Section 36a-184 of the Connecticut General Statutes.

CREDIT UNION ACTIVITY
Merger
On August 2, 2017, America’s First Network Credit Union (“AFNCU”), a Connecticut credit union, and East Haven Municipal Employees Credit Union, Inc. (“East Haven”), a Connecticut credit union, filed an application pursuant to Section 36a-468a of the Connecticut General Statutes seeking approval to merge East Haven with and into AFNCU.  As part of the application, AFNCU is proposing to expand its field of membership to include: Board of Education of the town of East Haven, CT; employees of the Fire Department and the Police Department of the town of East Haven; and all employees of the town of East Haven.
Dated: Tuesday, August 8, 2017


Jorge L. Perez
Banking Commissioner