Actions taken by the Federal Reserve Bank of Boston under delegated authority

Bank Branches, Domestic
BankNewport, Newport, Rhode Island -- to establish branches at 5 South Angell Street, Providence, and 55 Dorrance Street (two applications).
- Approved, November 17, 2017
Bank Rhode Island, Providence, Rhode Island -- to establish a branch at 265 Jefferson Boulevard, Warwick.
- Approved, August 16, 2017
Equitable Bank, East Weymouth, Massachusetts -- to establish a branch at 111 Washington Street, Quincy.
- Approved, May 12, 2017
BankNewport, Newport, Rhode Island -- to establish a branch at 10 Dorrance Street, Providence.
- Approved, March 3, 2017
First Ipswich Bank, Ipswich, Massachusetts -- to establish a branch at 107 High Street, Danvers.
- Approved, January 23, 2017
Bank Holding Companies
1831 Bancorp MHC, Dedham, Massachusetts, and 1831 Bancorp, Inc. -- to become a mutual holding company and a stock bank holding company, respectively, by acquiring Dedham Institution for Savings, Dedham.
- Approved, December 4, 2017
Beacon Bancorp, Taunton, Massachusetts -- for its subsidiary, Bristol County Savings Bank, Taunton, to acquire an interest in RFG-Bristol Wealth Advisors, LLC, Taunton.
- Withdrawn, November 9, 2017
Berkshire Hills Bancorp, Inc., Pittsfield, Massachusetts -- to acquire Commerce Bancshares Corporation, Worcester, and its subsidiary, Commerce Bank and Trust Company.
- Approved, September 28, 2017
Mascoma Mutual Financial Services Corporation, Lebanon, New Hampshire -- to become a bank holding company by acquiring control of Mascoma Savings Bank, Lebanon, and for Mascoma Savings Bank to become a member of the Federal Reserve System.
- Approved, September 15, 2017
South Shore Bancorp, MHC, South Weymouth, Massachusetts -- to acquire Braintree Bancorp, MHC, Braintree; and for South Shore Bank, South Weymouth, to merge with Braintree Co-operative Bank, Braintree, and thereby establish branches.
- Approved, September 12, 2017
SI Financial Group Inc., Willimantic, Connecticut -- to become a bank holding company in connection with the termination of the savings and loan holding company election by its subsidiary savings bank, Savings Institute Bank and Trust Company, Willimantic.
- Approved, August 10, 2017
Kennebunk Savings Bancorp, MHC, Kennebunk, Maine, and Kennebunk Savings Bancorp, Inc. -- to become a mutual bank holding company and a mid-tier stock bank holding company, respectively, by acquiring Kennebunk Savings Bank, Kennebunk, in connection with its conversion from mutual to stock form.
- Approved, June 8, 2017
Narragansett Financial Corp., Swansea, Massachusetts -- to retain ownership of Plimoth Trust Company LLC, Plymouth; and notification for prior approval to indirectly acquire certain assets from and assume certain liabilities of Savings Institute Bank and Trust Company, Willimantic, Connecticut.
- Approved, May 25, 2017
Narragansett Financial Corp, Swansea, Massachusetts -- for its indirect subsidiary, Plimoth Trust Company LLC, Plymouth, to purchase certain assets from and assume certain liabilities of Savings Institute Bank and Trust Company, Willimantic, Connecticut.
- Withdrawn, April 24, 2017
Bank Mergers
Abington Bank, Abington, Massachusetts -- to merge with Avon Co-operative Bank, Avon, and to retain the acquired facilities as branches.
- Approved, July 24, 2017
Abington Bank, Abington, Massachusetts -- to merge with Holbrook Co-operative Bank, Holbrook, and thereby establish a branch.
- Approved, January 27, 2017
Extensions Of Time
Watertown Savings Bank, Watertown, Massachusetts -- extension to January 19, 2018, to establish a branch at 1265 Main Street, Waltham.
- Granted, October 19, 2017
Santander Holdings USA, Inc., Boston Massachusetts -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 31, 2017
Webster Financial Corporation, Waterbury, Connecticut -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, May 4, 2017
Membership
Cornerstone Bank, Spencer, Massachusetts -- to become a member of the Federal Reserve System.
- Approved, October 5, 2017
Boston Private Bank & Trust Company, Boston, Massachusetts -- to become a member of the Federal Reserve System.
- Approved, June 9, 2017
Savings and Loan Holding Companies
Admirals Bancorp, Inc., Boston, Massachusetts; Federal One Holdings, LLC, Milton; and Lazares & Company, LLC -- to engage in lending activities.
- Withdrawn, March 27, 2017
First Boston Holdings, Inc., Boston, Massachusetts -- to become a savings and loan holding company by acquiring Admirals Bank, Boston.
- Withdrawn, March 22, 2017

Last Update: December 14, 2017