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

Bank Branches, Domestic
Mascoma Bank, Lebanon, New Hampshire -- to establish a branch at 1185 Shelburne Road, South Burlington, Vermont.
- Approved, April 29, 2019
BankNewport, Newport, Rhode Island -- to establish a branch at 1423 Hartford Avenue, Johnston.
- Approved, April 26, 2019
Bank Holding Companies
Radius Bancorp, Inc., Boston, Massachusetts -- to become a bank holding company following the conversion of its subsidiary, Radius Bank, Boston, from a federal savings bank to a state-chartered trust company.
- Withdrawn, February 8, 2019
Bank Mergers
Pilgrim Bank, Cohasset, Massachusetts -- to merge with Abington Bank (Abington), Abington, with Pilgrim Bank as the surviving entity to be renamed Abington Bank, and thereby acquire branches.
- Approved, May 2, 2019
Equitable Bank, East Weymouth, Massachusetts -- to merge with Coastal Heritage Bank, Weymouth, and thereby establish branches.
- Approved, January 24, 2019
Radius Bank, Boston, Massachusetts -- to become a member of the Federal Reserve System.
- Withdrawn, February 8, 2019
Savings and Loan Holding Companies
First Seacoast Bancorp, MHC (MHC), Dover, New Hampshire; and First Seacoast Bancorp (Bancorp) -- for MHC and Bancorp to become savings and loan holding companies by acquiring Federal Savings Bank, Dover, to be renamed First Seacoast Bank; and for Bancorp to conduct a minority stock issuance.
- Approved, May 10, 2019
The Jamestown Trust#1, Warwick, Rhode Island; The Jamestown Trust#2; The Jamestown Trust#3; The Jamestown Trust#4; The Geesala Trust #1; The Geesala Trust #2; The Geesala Trust #3; The Geesala Trust #4 -- to retroactively form savings and loan holdings companies and retain control of Prospect Financial Corporation, Warwick, and its wholly owned subsidiary, Home Loan Investment Bank, F.S.B.
- Approved, March 27, 2019

Last Update: June 20, 2019