Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 1
Federal Reserve Bank of: Boston

Filings received during the week ending March 26, 2016

Filer Filing Type Filing Proposal End of Comment Period
BANKERS BANK NORTHEAST * 3A5 Notification by BBN Financial Corporation to acquire Bankers? Bank Northeast, Glastonbury, Connecticut pursuant to section 3(a)(5) of the Bank Holding Company Act of 1956, as amended.
Newspaper: Not available
Federal Register: Not available
HARBORONE BANCORP, INC. * 3A1 Application by HarborOne Mutual Bancshares and HarborOne Bancorp, Inc., both of Brockton, Massachusetts, to become a mutual bank holding company and a mid-tier stock bank holding company, respectively, by acquiring 100% of the outstanding capital stock of HarborOne Bank, Brockton, Massachusetts, pursuant to section 3(a)(1) of the BHC Act of 1956, as amended, in connection with the conversion of HarborOne Bank from mutual to stock form and a minority stock issuance by the mid-tier holding company.
Newspaper: Not available
Federal Register: 04/11/2016
RANDOLPH BANCORP, INC. * 4c8
* 3A1
Application by Randolph Bancorp, Inc., Stoughton, Massachusetts to: i) acquire 100% of the outstanding capital stock of Randolph Savings Bank, Stoughton, Massachusetts, pursuant to section 3(a)(1) of the BHC Act of 1956, as amended, in connection with the conversion of Randolph Bancorp, Stoughton, Massachusetts from mutual to stock form; and ii) acquire First Eastern Bankshares Corporation, Andover, Massachusetts and its wholly-owned subsidiary, First Federal Savings Bank of Boston, Boston, Massachusetts, pursuant to section 4(c)(8) of the BHC Act.
Newspaper: Not available
Federal Register: 04/08/2016


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco