Bulletin 3157 - August 23, 2024

The Department of Banking News Bulletin

Bulletin # 3157 - Week Ending August 23, 2024

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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.

BANK ACTIVITY

Branch Activity

On August 21, 2024, the Commissioner approved the application by Fairfield County Bank to convert its branch located at 3 Governors Street, Ridgefield, CT, from a limited branch to a full-service branch.

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On August 16, 2024, the Commissioner entered into a Consent Order with EverBright Financing 2023, LLC d/b/a EverBright (NMLS # 2544376) ("EverBright"), Juno Beach, Florida. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that since December 14, 2023, EverBright has engaged in the business of a sales finance company in Connecticut without a license, in violation of Section 36a-536 of the Connecticut General Statutes, by acquiring 121 retail installment contracts from its affiliate, EverBright R1, LLC d/b/a EverBright, NMLS # 2361430, which has been licensed to engage in the business of a sales finance company in Connecticut since November 1, 2022. As part of the Consent Order, EverBright paid $10,000 as a civil penalty and $400 as back licensing fees.

Dated: Tuesday, August 27, 2024

Jorge L. Perez
Banking Commissioner