CT SB00059

Modifies application and investigation fees for Connecticut banks, including fees for branch establishment ($2,000), limited branches ($1,500), and merger/consolidation transactions ($2,500-$5,000), effective October 1, 2010.

Allows conditional preliminary approval of expedited Connecticut banks from the effective date through September 30, 2011, for institutions acquiring assets from the Federal Deposit Insurance Corporation, with a fee of $15,000 and an 18-month approval period.

Changes references to "State Police Bureau of Investigation" to "State Police Bureau of Identification" for criminal history records checks of bank directors, officers, and credit union organizers.

Authorizes Connecticut banks to merge with non-bank affiliates provided the resulting institution remains a Connecticut bank, with mergers conducted under existing merger provisions.

Requires credit unions to make "loans and other extensions of credit" to members, expanding the previous language limited to "secured and unsecured loans."