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: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending September 16, 2017

Filer Filing Type Filing Proposal End of Comment Period
FIRST CITIZENS COMMUNITY BANK * Branch First Citizens Community Bank, Mansfield, PA, to establish a branch office located at 2403 Main Street, Unit A, Narvon, Lancaster County, PA.
Newspaper: Not available
Federal Register: Not applicable
MERIDIAN CORPORATION * 3A1 Meridian Bank ("Meridian"), Malvern, PA, to merge with and into Meridian Interim Bank, Malvern, PA, resulting in Meridian forming a bank holding company, Meridian Corporation, Malvern, PA, pursuant to Section 3(a)(1) of the Bank Holding Company Act.
Newspaper: Not available
Federal Register: Not available
NEW TRIPOLI BANK * Branch New Tripoli Bank, New Tripoli, PA, to establish a branch office located at 4892 Buckeye Road, Emmaus, PA, therefore continuing to exceed the 150% threshold investment in their bank premises.
Newspaper: Not available
Federal Register: Not applicable
OCEANFIRST FINANCIAL CORP. * 3A5
* 3A1
OceanFirst Financial Corp., Toms River, NJ, to become a bank holding company pursuant to Section 3(a)(1) of the Bank Holding Company Act, in connection with the conversion of OceanFirst Bank, Toms River, NJ, from a federal savings bank, to a national bank named OceanFirst National Bank, which will acquire via merger Sun National Bank, Mt Laurel, NJ; subsequently Sun Bancorp, Mt Laurel, NJ will merger with and into OceanFirst Financial Corp., Toms River, NJ, pursuant to Section 3(a)(5) of the Bank Holding Company Act.
Newspaper: 10/06/2017
Federal Register: 10/10/2017


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 Quarter
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