Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending January 8, 2022

Filer

Filing Type

Filing Proposal

End of Comment Period

FELIX SCHERZER, SCHERZER CAPITAL, LLC, AND THE SCHERZER FAMILY TRUST

CIC

Notice of Change in Control by Mr. Felix Scherzer, Scherzer Capital, LLC, and the Scherzer Family Trust (the trustee of which is Thomas Nakashian), all of New York, New York, to acquire 14.91 percent of voting shares of, and thereby control, Patriot National Bancorp, Inc., Stamford, Connecticut.

Newspaper:	01/11/2022
Federal Register:	01/18/2022

NAVE HOLDINGS LLC

Member
* 3A1

Nave Bank, San Juan, Puerto Rico, a de novo bank, to become a member of the Federal Reserve System, and Nave Holdings LLC, also of San Juan, Puerto Rico, to become a bank holding company by acquiring one hundred percent of Nave Bank, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

Newspaper:	01/16/2022
Federal Register:	01/26/2022

OAKTREE CAPITAL MANAGEMENT LP

CIC

Notice by Oaktree Opportunities Fund XI Holdings (Delaware), L.P., Oaktree Opportunities Fund Xb Holdings (Delaware), L.P., Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P., Oaktree Capital I, L.P., OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings, L.P., Oaktree Capital Group Holdings GP, LLC, Bruce Karsh and Howard Marks, all of Los Angeles, California, to acquire 10 percent or more of the shares of, and thereby control, Patriot National Bancorp, Inc., Stamford, Connecticut.

Newspaper:	01/11/2022
Federal Register:	01/11/2022

TBB INVESTMENTS LLC

* 3A5
* 3A1

TBB Investments LLC and TBB Intermediate LLC, to become bank holding companies by acquiring 92.7 percent of the common voting shares of Berkshire Bancorp, Inc., and thereby indirectly acquiring Berkshire Bank, all of New York, New York, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y. In addition, TBB Intermediate LLC, to merge with and into Berkshire Bancorp, Inc., pursuant to Section (3)(a)(5) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y.

Newspaper:	02/08/2022
Federal Register:	02/09/2022

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

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending January 8, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York