Order to Cease and Desist Issued to Blue Haven Savings

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Blue Haven Savings d/b/a bluehavensavings.com.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter.  The Department has no record of Blue Haven Savings and has not approved this entity to organize a bank and/or conduct a banking business in or from Georgia. 

The terms of the Order include the following: 

• Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation that could reach Georgia consumers.                                                                             
• Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation originating from within this State.                                                                          
• Immediately Cease and Desist from providing any financial products or services to the citizens of Georgia by any delivery system, including the internet, while using the word “bank” or any derivative thereof without the written authorization of the Department.                                                                                                                                                                                           
• Immediately Cease and Desist from providing any financial products or services from within this State by any delivery system, including the internet, while using the word “bank” or any derivative thereof without the written authorization of the Department.        
• Immediately Cease and Desist from engaging in the business of banking from within the State of Georgia and/or into the State of Georgia. 

Contact:
Mathew Robinson
Director for Supervision
Phone: (770) 986-1627
E-mail: [email protected]