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TICKETNETWORK, INC. CEO DONALD VACCARO TRIES TO SAVE THE COMMUNITY’S BANK, THE ONLY MINORITY-OWNED BANK IN THE STATE OF CONNECTICUT

September 15, 2013 Leave a comment

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Donald Vaccaro, CEO of TicketNetwork, Inc. is deeply disappointed that his offer to save the only minority-owned bank in the State of Connecticut was rejected today. The Community’s Bank (TCB) was seeking to re-capitalize and salvage itself from closing, but today Superior Court Judge Antonio C. Robaina, ruled in favor of the request of the Commissioner Howard Pitkin from the Connecticut Department of Banking to close the community institution. Among those who lent their support to Mr Vaccaro’s rescue efforts included Connecticut Congressman Jim Himes and Congressman John Larson, both of whom sent letters of support to the President of the Federal Reserve Bank of New York and the Chairman of the FDIC (Federal Deposit Insurance Corporation). Copies of the letters were also sent to Commissioner Pitkin.
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