Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 2: Federal Reserve Bank of New York PDF
Filings received during the week ending January 25, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANKWELL FINANCIAL GROUP, INC. | Change in Bank Control | Lawrence B. Seidman, Wayne, New Jersey; Seidman and Associates, LLC, Seidman Investment Partnership, LP, and Seidman Investment Partnership II, LP, all of Parsippany, New Jersey; Broad Park Investors, LLC, and Chewe Gooey Cookies, LP, both of Livingston, New Jersey; LSBK06-08, LLC, Palm Beach, Florida; Allison B. Hammer, Towaco, New Jersey; and Erica J. Fishman, Franklin Lakes, New Jersey; and four trusts for the benefit of minor children, Erica J. Fishman and Craig Fishman as trustees, all of Franklin Lakes, New Jersey; Allison B. Hammer, individually and as a trustee of the aforementioned trustees, Towaco, New Jersey; as a group acting in concert, to acquire additional voting shares of Bankwell Financial Group, Inc., and thereby indirectly acquire voting shares of Bankwell Bank, both of New Canaan, Connecticut. | 02/15/2025 | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| FIELDPOINT PRIV B&TC, GREENWICH, CONNECTICUT | 3664588 | 08/18/2024 | 01/16/2024 | NI | Int Small Bank |
| SOLVAY BK, SOLVAY, NEW YORK | 722816 | 02/04/2024 | 06/26/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of 2025 () and First Quarter of 2025 (January 1, 2025 - March 31, 2025)
| Institution | Location | Quarter |
|---|---|---|
| GOLDMAN SACHS BK USA | NEW YORK, NEW YORK | First Quarter of 2025 |