A federal judge in Connecticut has ruled that the state must let Fleet Financial Group Inc. operate an insurance agency in a small town there.

Last week's decision by Judge Janet Bond Arterton of U.S. District Court in Hartford was the first instance of a federal court's overriding state law by applying the U.S. Supreme Court's landmark decision that affirmed the right of nationally chartered banks to sell insurance from towns of less than 5,000 population.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.