BOARD OF BANK INCORPORATION
Applications Pending
OneUnited Bank, Boston, Massachusetts - permission to become a bank holding company through the formation of a federally chartered savings bank in connection with its proposed reorganization from a Massachusetts-chartered trust company into a federally-chartered savings bank in a holding company structure. The continuing bank will be known as OneUnited Bank, FSB. Comment period ended October 24, 2007
People's United Financial, Inc. and People's United Bank, Bridgeport, Connecticut - approval to acquire Chittenden Corporation, Burlington, Vermont including its six subsidiary banks (the "Subsidiary Banks") and to become bank holding companies. In the Commonwealth, the Subsidiary Banks owned by Chittenden Corporation are The Bank of Western Massachusetts, Springfield, Massachusetts and Flagship Bank and Trust Company, Worcester, Massachusetts. Comment period ends December 6, 2007.
DIVISION OF BANKS
Decisions/Notices
Members Plus Credit Union, Dorchester - notice to establish a branch office at 29 High Street, Medford - non-objection issued November 27, 2007.
Pilgrim Bank, Cohasset - notice to establish a branch office at 350 Front Street, Marion - non-objection issued November 14, 2007.
Sharon Credit Union, Sharon - notice to establish a branch office at The Shoppes at Chestnut Green at the intersection of Route 140 and North Street, Foxborough - non-objection issued November 8, 2007.
State Street Bank and Trust Company, Boston, Massachusetts - permission to establish a branch office in Shanghai, China - approved November 20, 2007.
Winchester Savings Bank, Winchester - notice to establish a branch office at 188 Medford Street, Arlington - non-objection issued November 26, 2007.
Applications/Notices Pending
Bank of Western Massachusetts (The), Springfield - permission to merge with and into Western Massachusetts Interim, fsb. Comment period ends December 6, 2007.
Century Bank and Trust Company, Somerville - permission to relocate its branch office from 55 High Street, Medford to 1 Salem Street, Medford. Comment period ends December 4, 2007.
Flagship Bank and Trust Company, Worcester - permission to merge with and into Flagship Interim, fsb. Comment period ends December 6, 2007.
Haverhill Bank, Haverhill and Northeast Community Credit Union ("Northeast"), Haverhill - permission to merge under the charter, by-laws and name of Haverhill Bank. The main office of Haverhill Bank would remain the main office of the continuing institution and the banking offices of Northeast would be retained as branch offices. Comment period ends January 10, 2008.
Members Plus Credit Union, Dorchester - permission to close a branch office located at 111 South Street, Somerville. Comment period ends December 13, 2007.
OneUnited Bank, Boston - permission to merge with and into a newly formed federally-chartered savings bank, OneUnited Bank, FSB. Comment period ended October 24, 2007.
DECEMBER 2007 FILING DATE
Complete applications for the December Activity Report must be received by the Division or the Board on or before 5:00 P.M., Friday, December 14, 2007.
APPLICATIONS TO SELL INSURANCE
None
CHECK CASHER LICENSES
Applications Pending
John Tamburo d/b/a Tamburo Check Cashing, Everett, Massachusetts - permission to operate a check casher office at 241 Beacham Street, Everett. Comment period ended Tuesday, September 5, 2006.
Kirsch & Davis, Inc. d/b/a Kirsch Package Store, Worcester, Massachusetts - permission to operate a check casher office at 646 Main Street, Worcester. Comment period ended Thursday, August 24, 2006.
Parrot Check Cashing, LLC, Cambridge, Massachusetts - permission to operate a check casher office located at 56 Creighton Street, Cambridge and a mobile check cashing service to serve the North Cambridge, Massachusetts area. Comment period ended Wednesday, February 28, 2007.
Shree Shakti Enterprises, Inc. D/B/A Castleway Market, Fitchburg, Massachusetts - permission to operate a check casher office located at 432 Mechanic Street, Fitchburg, Massachusetts. Comment period ended Friday, November 23, 2007.
PLEASE NOTE: All publications of the Division of Banks are now delivered electronically. To subscribe, simply send an email to:
dobactivityreport-subscribe@listserv.state.ma.us
If you need assistance or have questions, please contact Bernard N. Waxman at 617.956.1571.
For information relative to current Activity Reports please contact the Consumer Assistance Unit .