District 1: Federal Reserve Bank of Boston PDF

Filings received during the week ending October 22, 2022

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
BERKSHIRE HILLS BANCORP, INCChange in Bank ControlNotification submitted by The Vanguard Group, Inc., Malvern, PA, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the "Vanguard funds"), intend to apply to the Federal Reserve Board for permission to increase the aggregate ownership position of the Vanguard funds to more than 15% of the common stock of Berkshire Hills Bancorp, Inc., Boston, Massachusetts, parent of Berkshire Bank, Pittsfield, Massachusetts. 10/21/202210/21/2022
INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS VICINITY* 3A1Application by IFS 1820 Bancorp, MHC, Newburyport, Massachusetts to become a BHC through the acquisition of 100 percent of the voting shares of Institution for Savings in Newburyport and its Vicinity, Newburyport, Massachusetts pursuant to section 3(a)(1) of the BHC Act.Not availableNot available

* Subject to the provisions of the Community Reinvestment Act

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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
CRA Examinations scheduled for    Quarter of
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Last Update: October 27, 2022