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: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending April 24, 2021

Filer Filing Type Filing Proposal End of Comment Period
BRYN MAWR BANK CORPORATION * SLHC Formation Bryn Mawr Bank Corporation, Bryn Mawr, Pennsylvania to convert to a Savings and Loan Holding Company with respect to The Bryn Mawr Trust Company, Bryn Mawr, Pennsylvania, converting to savings association.
Newspaper: 05/18/2021
Federal Register: 05/26/2021
PB BANKSHARES, INC 4c8
* 3A1
PB Bankshares, Inc., Coatesville, Pennsylvania, to become a bank holding company by acquiring 100% Prosper Bank, Coatesville, Pennsylvania, upon its conversion from a mutual savings bank to a state chartered stock bank; and to engage in permissible non-banking activities pursuant to 12 C.F.R. 225.28(b)(1).
Newspaper: 04/12/2021
Federal Register: 04/19/2021
WSFS FINANCIAL CORPORATION * SLHC Merger WSFS Financial Corporation, Wilmington, DE, to merge with Bryn Mawr Bank Corporation, Bryn Mawr, PA, and therefore indirectly acquire The Bryn Mawr Trust Company, Bryn Mawr, PA.
Newspaper: 05/18/2021
Federal Register: 05/26/2021


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 Quarter
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