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 August 18, 2012

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 acquire two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.
Newspaper: Not available
Federal Register: 09/17/2012
CITIBANK, N.A. Investment Citibank, N.A., Sioux Falls, South Dakota and Citibank Overseas Investment Corporation, New Castle, Delaware, pursuant to Section 211.9(f) of Regulation K, to make an additional investment in Banco de Chile, Santiago, Chile.
Newspaper: Not applicable
Federal Register: Not applicable
ELMIRA SAVINGS BANK * Branch Elmira Savings Bank, Elmira, New York to establish a branch office located at 2081 Lake Road, Elmira Heights, New York. (RSSD #4428059)
Newspaper: 08/29/2012
Federal Register: Not applicable
HANA FINANCIAL GROUP INC. * 3A1 Hana Financial Group Inc., Seoul, Korea, to become a bank holding company by acquiring 71.37 percent of BNB Financial Services Corporation, New York, New York, and indirectly, BNB Bank, National Association, Fort Lee, New Jersey pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y.
Newspaper: 09/03/2012
Federal Register: 09/07/2012
NONGHYUP BANK FBSEA NongHyup Bank, Seoul, Korea, to establish a branch in New York, New York, pursuant to Section 211.24 of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
ORIENTAL FINANCIAL GROUP INC. * 3A3 Oriental Financial Group Inc, San Juan, Puerto Rico, to acquire 100 percent of BBVAPR Holding Corporation, San Juan, Puerto Rico and thereby indirectly acquire Banco Bilbao Vizcaya Argentaria Puerto Rico, San Juan, Puerto Rico.
Newspaper: Not available
Federal Register: 08/31/2012


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
SOLVAY BK, SOLVAY, NEW YORK 722816 11/28/2011 07/25/2012 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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