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To Her Excellency M. Jodi Rell, Governor - page 14 / 25

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Number of Connecticut-Chartered Banks & Credit Unions (As of December 31, 2007 & December 31, 2008)

Institutions 12/31/2007

De Novo Activity

Closed

Net Change

Institutions 12/31/2008

15

2

2

17

-1

-1

37

2

-1

1

79

Institution Type

Connecticut-Chartered Commercial Connecticut-Chartered Savings Uninsured Banks Connecticut-Chartered LPTC Connecticut-Chartered Credit Unions

Totals

22 1 2

38

78

22 1 2

State-Chartered Commercial Banks

There were 17 state-chartered commercial banks operating in the State as of December 31, 2008. Two de novo banks, The Bank of Fairfield and Quinnipiac Bank & Trust Company, were added in 2008. The 16 state-chartered commercial banks operating as of June 30, 2008 collectively operated 42 offices with aggregate deposits totaling $1.7 billion.

State-Chartered Savings Banks

There were 22 state-chartered savings banks (14 mutual and 8 capital stock institutions) operating in the State as of December 31, 2008. There were no changes during 2008. The 22 state-chartered savings banks operating as of June 30, 2008 collectively operated 321 offices with aggregate deposits totaling $16.5 billion.

Uninsured Bank

UPS Capital Business Credit (“UPSCBC”), a wholly-owned subsidiary of UPS Capital Corp., operates under an uninsured depository bank charter and does not accept retail deposits. UPSCBC focuses on originating, underwriting, and managing various small business and government guaranteed loan products.

State-Chartered Limited Purpose Trust Companies

There were two Connecticut-chartered limited-purpose trust companies operating in the State as of December 31, 2008 with managed assets totaling $15.9 billion.

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