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: 2
Federal Reserve Bank of: New York

Filings received during the week ending June 30, 2007

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 to acquire one thousand additional shares of The Adirondack Trust Company, Saratoga Springs, New York, pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended.
Newspaper: Not available
Federal Register: 07/30/2007
CHECKSPRING COMMUNITY CORPORATION * 3A1 Final application by CheckSpring Community Corporation, Bronx, New York, for prior approval of the Board of Governors of the Federal Reserve System, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, to become a bank holding company through the acquisition of all the voting shares of CheckSpring Bank (in organization), a proposed de novo New York State chartered commercial bank.
Newspaper: 07/30/2007
Federal Register: Not available
CORP BANCA CHILE FBSEA Corpbanca Chile, Santiago, Chile, to establish a federal branch in New York, New York, pursuant to Section 7(d) of the International Banking Act of 1978, as amended, and Section 211.24(a) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
FIRST HOPE BANCORP * 3A1 First Hope Bancorp, Hope, New Jersey, to become an one-bank holding company, pursuant to Section 3(a)(1) of the BHC Act, and Section 225.15 of Regulation Y, by acquiring First Hope Bank, Hope, New Jersey.
Newspaper: Not available
Federal Register: 07/24/2007
LANDSBANKI ISLANDS HF FBSEA Landsbanki Islands hf., Reykjavik, Iceland, to establish a branch in New York, New York, pursuant to Section 7(d) of the International Banking Act
Newspaper: Not available
Federal Register: Not applicable
TEXAS STATE BANK * Branch Texas State Bank, McAllen, Texas, requests to establish three branch offices located at (i) 1319 N. 10th Street, McAllen, Texas, (ii) 6414 McPherson, Suite 2, Laredo, Texas and (iii) 1100 NW Loop 410, Suite 102, San Antonia, Texas.
Newspaper: Not available
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

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