Connecticut Department of Banking
07/31/2026 | Press release | Archived content
Bulletin 3258 - July 31, 2026
Bulletin 3258 - July 31, 2026
The Department of Banking News Bulletin
Bulletin # 3258 - Week Ending July 31, 2026
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.
OTHER FINANCIAL INSTITUTION ACTIVITY
Annual License Renewals, Effective July 1, 2026 to June 30, 2027
| Company | Type of License | Brief Description |
|
WorldBusiness Capital, Inc. One State Street, Suite 2110 Hartford, CT 06103 |
Licensed as an international trade and investment corporation (an "ITIC") pursuant to C.G.S. Section 36a-636e |
An ITIC is a participating lender under financing guarantee programs of the Export-Import Bank, OPIC, and/or the USDA. |
|
Access Financial Group, Inc. 118 N. Clinton Street, Suite 450 Chicago, IL 60661 |
Licensed to act as fiduciary pursuant to C.G.S. Section 36a-380 and as authorized by C.G.S. Section 42-202 |
Access is licensed as a fiduciary to act as an escrow agent to hold money under pre-need funeral service contracts. |
|
Forethought Life Insurance Company 10 West Market Street, Suite 2300 Indianapolis, IN 46204 |
Licensed to act as fiduciary pursuant to C.G.S. Section 36a-380 and as authorized by C.G.S. Section 42-202 |
Forethought is licensed as a fiduciary to act as a provider of insurance for funeral service expenses. |
|
Planned Lifetime Assistance Network of Connecticut, Inc. ("PLAN") 912 Silas Deane Highway, Wethersfield, CT 06109 |
Licensed to act as fiduciary pursuant to C.G.S. Section 36a-380 and as authorized by C.G.S. Section 36a-386 |
PLAN manages special needs trusts established by families for the benefit of disabled family members. |
|
NatWest Markets plc 600 Washington Boulevard Stamford, CT 06901 |
Licensed as a representative office pursuant to C.G.S. Section 36a-428g |
NatWest is licensed as representative office to provide investment banking services on behalf of a foreign bank. |
|
Capital Business Lenders, Inc. 151 New Park Avenue Hartford, CT 06106 |
Licensed as a representative office pursuant to C.G.S. Section 36a-628; Section 36a-625 to 634 |
Capital Business Lenders, Inc is licensed to engage in the business of a business and industrial development corporation. |
|
Better Local Capital, LLC 195 Church Street, 4th Fl. New Haven, CT 06510 |
Licensed as a representative office pursuant to C.G.S. Section 36a-628; Section 36a-625 to 634 |
Better Local Capital, LLC is licensed to engage in the business of a business and industrial development corporation. |
CREDIT UNION ACTIVITY
Merger
On July 29, 2026, the Commissioner approved the merger of New Haven Teachers Federal Credit Union, a Federal Credit Union with and into Nutmeg State Financial Credit Union, a Connecticut Credit Union, pursuant to Section 36a-468a of the Connecticut General Statutes. In conjunction with the merger, Nutmeg State Financial Credit Union's field of membership will expand to include teachers and administrators of the City of New Haven's Board of Education who work in, or are paid from, or are supervised from New Haven, Connecticut. The anticipated target date for this merger is December 2026.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Kane Financial Planning, LLC (IARD No. 283245)
On July 28, 2026, the Banking Commissioner entered into a Stipulation and Agreement (No. ST 26 20268-S) with Kane Financial Planning, LLC ("Kane"), a Connecticut registered investment adviser having its principal place of business at 222 North Hollow Road, East Hartland, Connecticut 06027.
The Stipulation and Agreement alleged that Kane violated Section 36b-6(d) of the Connecticut Uniform Securities Act ("Act") by transacting investment advisory business out of an office in Avon, Connecticut, without such office being registered as a branch office, in addition to Kane including the Avon address on marketing materials and its website.
In resolution of the matter, Kane agreed to refrain from conduct that violates the Act and to pay $2,625 to the Department of Banking. Of that amount, $2,500 constituted an administrative fine and $625 represented payment for the past due branch office registration fee.
Dated: Tuesday, August 4, 2026
Jorge L. Perez
Banking Commissioner
Connecticut Department of Banking published this content on July 31, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 11, 2026 at 18:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]