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: 1
Federal Reserve Bank of: Boston

Filings received during the week ending October 3, 2015

Filer Filing Type Filing Proposal End of Comment Period
MAINE COMMUNITY BANCORP, MHC * 3A1
* 3A3
Maine Community Bancorp, MHC and Maine Community Bancorp, Inc., both of Westbrook, Maine, to become a mutual bank holding company and a stock holding company, respectively, by acquiring Biddeford Savings Bank, Biddeford, Maine and Mechanics Savings Bank, Auburn, Maine, pursuant to sections 3(a)(1) and 3(a)(3) of the Bank Holding Company Act of 1956, as amended.
Newspaper: Not available
Federal Register: 10/30/2015
MARBLEHEAD BANK * Branch Application by Marblehead Bank, Marblehead, Massachusetts to establish a branch at 125 Canal Street, Salem, Massachusetts, pursuant to Section 208.6 of Regulation H.
Newspaper: Not available
Federal Register: Not applicable
PB BANCORP, INC. * SLHC Formation
* MHC Conversion
Application by PB Bancorp, Inc., a newly formed Maryland corporation, Putnam, Connecticut, to acquire 100% of the outstanding capital stock of Putnam Bank, also of Putnam, Connecticut, pursuant to regulations 12 CFR 239.55 and 238.11, in connection with the second-step conversion of Putnam Bancorp, MHC from mutual to stock form and the merger of PB Bancorp, Inc., with and into a merged entity of Putnam Bancorp, MHC and PSB Holdings, Inc., with PB Bancorp, Inc. as the survivor.
Newspaper: Not available
Federal Register: 10/15/2015
STATE STREET BANK AND TRUST COMPANY PWI State Street Bank and Trust Company, Boston, Massachusetts, seeks prior approval for a public welfare investment of up to $24 million in MHEF XXII, LLC pursuant to section 208.22(d) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
STATE STREET BANK AND TRUST COMPANY PWI State Street Bank and Trust Company, Boston, Massachusetts, seeks prior approval for a public welfare investment of up to $50 million in CREA Corporate Tax Credit Fund 45, LLC pursuant to section 208.22(d) of Regulation H.
Newspaper: Not applicable
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