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 December 1, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANCO ESPIRITO SANTO DE INVESTIMENTO, S.A. FBSEA Banco Espirito Santo de Investimento, S.A., Lisbon, Portugal, 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
BNP PARIBAS * 3A3 BNP Paribas, Paris, France, to acquire up to 9.9 percent of the voting shares of Shinhan Financial Group Co., Ltd., Seoul, Korea
Newspaper: 12/10/2007
Federal Register: 12/10/2007
CANANDAIGUA NATIONAL CORPORATION 4c8 Canandaigua National Corporation, Canandaigua, New York to acquire all of the outstanding stock of Genesee Valley Trust Company, Pittsford, New York
Newspaper: Not applicable
Federal Register: 12/19/2007
CENTER BANCORP, INC. CIC Notice of Change in Bank Control, pursuant to the Change in Bank Control Act of 1978, as amended, by Lawrence B. Seidman, Seidman and Associates, LLC, Seidman Investment Partnership, LP, Seidman Investment Partnership II, LP, Broad Park Investors, LLC, Chewy Gooey Cookies, LP, Berggruen Holdings North America Ltd., Dennis Pollack, Harold Schechter, Raymond Vanaria and LSBK 06-08, LLC(collectivelly, Applicants"), to acquire up to 24.83% of Center Bancorp, Inc. Union, New Jersey.
Newspaper: 12/05/2007
Federal Register: 12/17/2007
INVESTORS BANCORP, MHC * 4c8 Investors Bancorp, MHC and Investors Bancorp, Inc., both of Short Hills, New Jersey to acquire Summit Federal Bankshares, MHC, and its wholly-owned subsidiary, Summit Federal Bankshares, Inc., and its indirect wholly-owned subsidiary, Summit Federal Savings Bank, all of Summit, New Jersey.
Newspaper: Not available
Federal Register: 12/20/2007
TORONTO-DOMINION BANK, THE * 3A1
* 3A3
Toronto-Dominion Bank, Toronto, Canada, and its subsidiaries TD US P&C Holdings ULC, Calgary, Canada, Cardinal Top Co. and Cardinal Intermediate Co., both of New York, New York, to acquire 100% of the voting shares of Commerce Bancorp, Inc. ("Commerce Bancorp"), Cherry Hill, New Jersey, and indirectly acquire control of Commerce Bank, NA, Philadelphia, Pennsylvania and Commerce Bank/North, Ramsey, New Jersey, and to acquire Commerce Bancorp's 14.82% interest in Pennsylvania Commerce Bancorp, Inc., which controls Commerce Bank/Harrisburg, N.A., both of Harrisburg, Pennsylvania, pursuant to Sections 3(a)(3) and 3(a)(1) of the Bank Holding Company Act of 1956, as amended (the "BHCA").
Newspaper: Not available
Federal Register: Not available


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