Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 1: Federal Reserve Bank of Boston PDF
Filings received during the week ending August 23, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CORNERSTONE BANK | * 18C * Branch (Domestic) | Cornerstone Bank, Spencer, Massachusetts, to merge with Athol Savings Bank, Athol, Massachusetts, pursuant to Section 18(c) of the Federal Deposit Insurance Act, with Cornerstone Bank as the resulting institution, and thereby establish branch offices at the locations of Athol Savings Bank, pursuant to Section 9 of the Federal Reserve Act. | Not available | Not applicable |
| HOMETOWN FINANCIAL GROUP MHC | * Thrift Going Concern | Notice by Hometown Financial Group, MHC and Hometown Financial Group, Inc., both of Easthampton, Massachusetts, to merge with 15 Beach, MHC, and CFSB Bancorp, Inc., respectively, and thereby indirectly acquire Colonial Federal Savings Bank, all of Quincy, Massachusetts, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended, and section 225.28(b)(4)(ii) of Regulation Y. | Not available | 08/29/2025 |
| STATE STREET BANK AND TRUST COMPANY | Investment | State Street Bank and Trust Company, Boston, Massachusetts ("SSBT"), and SSBT's wholly-owned Edge corporation, State Street International Holdings, Boston, Massachusetts ("SSIH"), provide prior notice, pursuant to Section 211.9(f) of Regulation K, of their intent to indirectly acquire, through State Street Bank International GmbH, a German credit institution that is an indirect, wholly-owned subsidiary of each of SSBT and SSIH ("SSBI"), from Intesa Sanpaolo S.p.A., a company incorporated under the laws of Italy ("ISP"), certain assets related to ISP's custody business. | ||
* 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 |
|---|---|---|---|---|---|
| BLUESTONE BK, RAYNHAM, MASSACHUSETTS | 699105 | 03/02/2025 | 11/04/2024 | S | Int Small Bank |
| CORNERSTONE BK, SPENCER, MASSACHUSETTS | 447100 | 07/06/2024 | 03/04/2024 | S | Int Small Bank |
CRA Examinations scheduled for Fourth Quarter of 2025 (October 1, 2025 - December 31, 2025) and First Quarter of 2026 (January 1, 2026 - March 31, 2026)
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||