2022-11-04T08:00:12-05:00 2021-12-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2021-01-01 201198307 FIRST CITY FUND CORPORATION FIRS 2037721426 299 WHALLEY AVE NEW HAVEN CT 065113141 MICHAEL KINNE CFO 2037721426 2022-11-03 1 MICHAEL KINNE XXX-XX-XXXX LARRY CARBONI P02535289 8605223111 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL KINNE 299 WHALLEY AVENUE NEW HAVEN CT 06510 0 0 X N/A X 2004 CT ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT WITHIN THE GREATER NEW HAVEN AREA, INCLUDING, BUT NOT LIMITED TO, AFFORDABLE HOUSING, EDUCATION, COMMUNITY SERVICES, SMALL BUSINESS DEVELOPMENT, ECONOMIC DEVELOPMENT, ACTIVITIES THAT REVITALIZE OR STABILIZE LOW AND MODERATE INCOME GEOGRAPHIES AND OTHER FORMS OR CHARITABLE ASSISTANCE TO THOSE IN NEED THEREOF; AND ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS WITHIN THE GREATER NEW HAVEN AREA THAT SERVE LOW AND MODERATE INCOME GEOGRAPHIES, INCLUDING, BUT NOT LIMITED TO PLANNING, MARKETING, STUDYING, RESEARCHING OR INVESTING THEREIN. PURCHASE, ACCEPT, EXCHANGE, INHERIT, LEASE OR OTHERWISE ACQUIRE REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN, OR WHATEVER KIND, AND TO OWN, HOLD, CONTROL, MAINTAIN, MANAGE, CONVEY, DISPOSE OF, OR CHANGE THE CHARACTER OF SUCH PROPERTY, AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER THE REVISED NON-STOCK CORPORATION ACT OF THE 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 72900 88394 72900 88394 -72900 -88394 18150315 19400718 0 20337 18150315 19380381 X ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT WITHIN THE GREATER NEW HAVEN AREA, INCLUDING, BUT NOT LIMITED TO, AFFORDABLE HOUSING, EDUCATION, COMMUNITY SERVICES, SMALL BUSINESS DEVELOPMENT, ECONOMIC DEVELOPMENT, ACTIVITIES THAT REVITALIZE OR STABILIZE LOW AND MODERATE INCOME GEOGRAPHIES, AND OTHER FORMS OR CHARITABLE ASSISTANCE TO THOSE IN NEED THEREOF, AND ENGAGE IN ACTIVITIES THAT PROMOTE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS WITHIN THE GREATER NEW HAVEN AREA THAT SERVE LOW AND MODERATE INCOME GEOGRAPHIES, INCLUDING, BUT NOT LIMITED TO PLANNING, MARKETING, STUDYING, RESEARCHING, OR INVESTING THEREIN. PURCHASE, ACCEPT, EXCHANGE, INHERIT, LEASE, OR OTHERWISE ACQUIRE REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN, OR WHATEVER KIND, AND TO OWN, HOLD, CONTROL, MAINTAIN, MANAGE, CONVEY, DISPOSE OF, OR CHANGE THE CHARACTER OF SUCH PROPERTY, AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER THE REVISED NON-STOCK CORPORATION ACT. 0 0 FIRST CITY FUND CORPORATION ("FCFC") WAS CREATED IN MAY 2004, THROUGH NEGOTIATIONS BETWEEN THE MAYOR OF THE CITY OF NEW HAVEN AND NEW HAVEN SAVINGS BANK (NHSB) (NOW KEYCORP) ("KEY") TO ENSURE ACCESS TO FINANCIAL RESOURCES FOR NEW HAVEN'S LOWER INCOME AND FINANCIALLY UNDERSERVED CITIZENS. IN 2003, THE NHSB ANNOUNCED PLANS TO CONVERT FROM A MUTUAL SAVINGS BANK INTO A CAPITAL STOCK SAVINGS BANK, AND TO EXPAND BEYOND THE NEW HAVEN REGION THROUGH THE ACQUISITION OF TWO BANKS IN NORTHERN CONNECTICUT. THE MAYOR AND OTHER NEW HAVEN RESIDENTS WERE CONCERNED THAT NHSB'S CHANGE IN STRUCTURE WOULD RESULT IN DISINVESTMENT IN THE NEW HAVEN AREA, NEGATIVELY IMPACTING THE ECONOMIC PROSPECTS OF THE CITY OF NEW HAVEN, AND ESPECIALLY ITS DISADVANTAGED AREAS, WHICH WERE ALREADY UNDERSERVED BY BANKING SERVICES. AS PART OF THE AGREEMENT BETWEEN THE CITY OF NEW HAVEN AND NHSB, NHSB AGREED TO FUND FCFC. ON NOVEMBER 3, 2005, THE INTERNAL REVENUE SERVICE APPROVED FCFC'S APPLICATION FOR TAX-EXEMPT STATUS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"); PROVIDED, HOWEVER, IN ACCORDANCE WITH THE PROVISIONS OF SECTION 509(A)(3) OF THE CODE AND THE TREASURY REGULATIONS THEREIN, FCFC (THE "SUPPORT ORGANIZATION") IS ORGANIZED, AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY TO BENEFIT, TO SUPPORT, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE CITY OF NEW HAVEN (THE "SUPPORTED ORGANIZATION").FCFC ENGAGED IN ACTIVITIES FOR THE CREATION AND ESTABLISHMENT OF A COMMUNITY DEVELOPMENT BANK, NEW HAVEN BANK (THE "BANK"). FCFC PERFORMED AN EXECUTIVE SEARCH AND HIRED A CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF LENDING OFFICER, AND OTHER SUPPORT STAFF; DEVELOPED A BUSINESS PLAN; AND CREATED THE NECESSARY DOCUMENTS FOR THE ESTABLISHMENT AND OPERATION OF THE BANK. ON OCTOBER 15, 2008, THE APPLICATION TO FORM A BANK WAS SUBMITTED TO, AND ACCEPTED BY, THE CONNECTICUT DEPARTMENT OF BANKING. ON JUNE 19, 2009, FCFC RECEIVED A TEMPORARY CERTIFICATE OF AUTHORITY FROM THE CONNECTICUT STATE TREASURER AND THE CONNECTICUT STATE COMPTROLLER.THE BANK IS A STATE OF CONNECTICUT CHARTERED COMMUNITY DEVELOPMENT BANK HEADQUARTERED IN NEW HAVEN, CONNECTICUT, WHOSE DEPOSITS ARE INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION ("FDIC"). THE BANK IS A WHOLLY-OWNED SUBSIDIARY OF FIRST COMMUNITY BANCORP, INC. (A "MID-TIER BANK HOLDING COMPANY"), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF FCFC, WHICH IS ALSO ORGANIZED AS A BANK HOLDING COMPANY. ON DECEMBER 1, 2010, FCFC AND THE MID-TIER BANK HOLDING COMPANY RECEIVED APPROVAL FROM THE FEDERAL RESERVE BANK OF BOSTON TO BECOME BANK HOLDING COMPANIES UNDER THE BANK HOLDING COMPANY ACT. ON DECEMBER 20, 2010, THE STATE OF CONNECTICUT AND FDIC ISSUED THE BANK'S FINAL CERTIFICATE OF AUTHORITY AND THE BANK OPENED FOR BUSINESS ON THAT DATE. ON THAT DATE, FCFC INVESTED APPROXIMATELY $17,000,000 INTO THE MID-TIER BANK HOLDING COMPANY, WHICH HAS, IN TURN, INVESTED $16,750,000 IN THE CAPITAL STOCK OF THE BANK. THE INVESTMENT IN CAPITAL STOCK OF THE BANK OF $16,750,000 CONSISTED OF CASH OF $11,435,427, FIXED ASSETS OF $1,475,706, OTHER ASSETS OF $134,826, ACCRUED EXPENSES AND OTHER LIABILITIES OF $69,393, AND COSTS INCURRED BY FCFC IN THE ORGANIZATIONAL ACTIVITIES OF THE BANK OF $3,773,434. THE MID-TIER HOLDING COMPANY OWNS 100% OF THE BANK'S VOTING SHARES.THE BANK PROVIDES A FULL RANGE OF BANKING SERVICES TO PRIVATE CUSTOMERS IN SOUTH-CENTRAL CONNECTICUT. THE BANK'S APPLICATION TO BECOME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WAS APPROVED ON SEPTEMBER 10, 2012. 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 X MICHAEL KINNE 2037721426 299 WHALLEY AVE NEW HAVEN CT 065113141 X MARK G SKLARZ DIRECTOR & PRESIDENT 1.00 X X 0 0 0 JOHN DESTEFANO DIRECTOR & SECRETARY 1.00 X X 0 0 0 ROBIN GOLDEN DIRECTOR & TREASURER 1.00 X X 0 0 0 CHARLES NEGARO DIRECTOR 1.00 X 0 0 0 ROLAN JONI YOUNG DIRECTOR 1.00 X 0 0 0 DAVID NEWTON DIRECTOR & VICE PRESIDENT 1.00 X X 0 0 0 KAREN DUBOIS WALTON DIRECTOR 1.00 X 0 0 0 MAUREEN FRANK ASST SECRETARY 40.00 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 38438 38438 47986 47986 1970 1970 88394 0 88394 0 333489 252103 5418 3448 17826708 19145167 -15300 0 18150315 19400718 0 20337 0 20337 X 18150315 19380381 18150315 19380381 18150315 19400718 X -88394 -110314 1428774 X X 1 X 0 1 0 X X X 1 CITY OF NEW HAVEN 066001876 8 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 0 0 PART IV, SECTION D, LINE 3 THE SUPPORTING ORGANIZATION IS A MEMBER OF THE BOARD OF WHOSE INVOLVEMENT IS TO ADVISE ON INVESTMENT OPPORTUNITIES THAT WOULD BENEFIT THE RESIDENTS OF THE CITY OF NEW HAVEN. THE CURRENT MEMBER IS THE EXECUTIVE DIRECTOR OF THE NEW HAVEN HOUSING AUTHORITY AND IT IS ANTICIPATED THAT THESE OPPORTUNITIES WOULD INVOLVE HOUSING, BOTH FIRST TIME HOME BUYERS AS WELL AS INITIATIVES THAT WOULD SERVE LOW INCOME HOUSING OPPORTUNITIES. 0 INVESTMENT IN SUBSIDIARY 19145167 C 19145167 DUE TO SUBSIDIARY 20337 20337 X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRESENTED BEFORE FILING AND REVIEWED FOR CORRECTNESS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION LEVELS WERE REVIEWED AND DETERMINED TO BE REASONABLE WITHIN THE INDUSTRY WHICH THE ORGANIZATION OPERATES. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 47,986. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,986. FORM 990, PART XI, LINE 9: INCOME FROM SUBSIDIARY 1,428,774. FIRST COMMUNITY BANCORP INC 299 WHALLEY AVENUE NEW HAVEN CT 06511 273725977 BANKING CT C 7197198 164738346 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0