A planned acquisition of a stock bank by a mutual savings bank in Connecticut is refocusing attention on a gap in that state's banking laws, as lawmakers and trade groups hustle to plug it.

Jewett City Savings Bank, a mutual institution, has announced its intention to buy cross-town rival Jewett City Trust Co., with $39.1 million in assets. The acquisition, which is still subject to the approval of regulators and shareholders of the trust company, is expected to be completed in the third quarter.

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