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: 2
Federal Reserve Bank of: New York

Filings received during the week ending July 16, 2011

Filer Filing Type Filing Proposal End of Comment Period
BANCO BPI, S.A. FBSEA Banco BPI, S.A., Porto, Portugal, to establish representative offices in Newark, New Jersey and Fall River, Massachusetts, pursuant to Section 10(a) of the International Banking Act of 1978, as amended and Section 211.24(a)(1) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
FIRST BANCORP CIC Notice by Thomas H. Lee (Alternative)Fund VI, L.P., Thomas H. Lee (Alternative) Parallel Fund VI, L.P., Thomas H. Lee (Alternative) Parallel (DT) Fund VI, L.P., THL FBC Equity Investors, L.P., THL Advisors (Alternative) VI, L.P., Thomas H. Lee (Alternative) VI, Ltd., THL Managers VI, LLC, Thomas H. Lee Partners, L.P., Thomas H. Lee Advisors, LLC, Anthony J. DiNovi and Scott M. Sperling, all of Boston, Massachusetts, to directly acquire 24.9 percent of the voting common stock of First BanCorp, and thereby indirectly acquire FirstBank Puerto Rico, both of San Juan, Puerto Rico.
Newspaper: 07/09/2011
Federal Register: 07/13/2011
FNBNY BANCORP, INC. * 3A1
* 3A3
FNBNY Bancorp, Inc. and Modern Capital Holdings LLC ("Modern Capital"), both of New York, New York to acquire 100 percent of the voting shares of Madison National Bancorp, Inc. and Madison National Bank, both of Hauppauge, New York and become bank holding companies under Section 3(a)(1) and Modern Capital to acquire 24.9 percent of the voting shares of The Upstate National Bank, Lisbon, New York, under Section 3(a)(3) of the Bank Holding Company Act and Section 225.15 of Regulation Y.
Newspaper: Not available
Federal Register: 08/15/2011
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Trust Company, Buffalo, New York, to establish a limited-service branch located at 4949 SW Meadows Road, Suite 500, Lake Oswego, Clackamas County, Oregon (RSSD-4297040).
Newspaper: 07/16/2011
Federal Register: Not applicable


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
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