Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 2: Federal Reserve Bank of New York PDF
Filings received during the week ending October 22, 2022
|Filer||Filing Type||Filing Proposal||End of Comment Period|
|ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP TRUST, THE||* 3A3||The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.||Not available||11/12/2022|
|BANCO DE RESERVAS DE LA REPUBLICA DOMINICANA||Rep Office||Banco de Reservas de la Republica Dominicana, Santo Domingo, Dominican Republic, to establish representative offices in New York, New York, and Miami, Florida, pursuant to Section 10(a) of the International Banking Act and Section 211.24(a)(1)(i)(A) of Regulation K.||09/15/2022||Not applicable|
|VANGUARD GROUP INC, THE||Change in Bank Control||Change in control notice by The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (collectively, "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, to acquire more than 15 percent of the voting shares of NBT Bancorp Inc., and thereby indirectly acquire additional voting shares of NBT Bank, National Association, both of Norwich, New York.||10/27/2022||10/26/2022|
* Subject to the provisions of the Community Reinvestment Act
Availability of CRA Public EvaluationsThe 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
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Last Update: October 27, 2022