Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending June 14, 2014

Filer

Filing Type

Filing Proposal

End of Comment Period

CORNERSTONE FINANCIAL CORPORATION

CIC

Mr. Mark J. Baiada, Moorestown, New Jersey, individually and as part as a group acting in concert with Ann Baiada, Moorestown, New Jersey, Michael Baiada, Evergreen, Colorado, the 1994 Baiada Family Trust and Michael Baiada as Trustee, Evergreen, Colorado, L. Mathew and Janet Baiada, Moorestown, New Jersey, Paul Melan Baiada, Moorestown, New Jersey, the Paul Melan Baiada 1999 Family Trust and Diane Baiada, as Trustee, Moorestown, New Jersey, the Baiada Trust for the Benefit of Caitlin Baiada, and Diane Baiada, Moorestown, New Jersey, and Michael Baiada, Evergreen, Colorado, as Trustees, the Baiada Trust for the Benefit of Emma Baiada, and Diane Baiada, Moorestown, New Jersey, and Michael Baiada, Evergreen, Colorado, as Trustees, and OceanFirst Bank, as the Voting Trustee of the J. Mark Baiada Voting Trust, Toms River, New Jersey, intends to apply to the Federal Reserve Board for permission to acquire up to 24.9 percent of the voting shares and thereby control of Cornerstone Financial Corporation, Mount Laurel, New Jersey.

Newspaper:	06/23/2014
Federal Register:	06/23/2014

PATHFINDER BANCORP, M.H.C.

* MHC Conversion
* 3A1

Pathfinder Bancorp, MHC, Oswego, New York (the ?MHC?), the mutual holding company that controls Pathfinder Bank, Oswego, New York, proposes to convert to stock form. Pursuant to the conversion, the MHC and Pathfinder Bancorp, Inc., Oswego, New York, the existing mid-tier holding company of the Pathfinder Bank, will cease to exist, and Pathfinder Bank will become a wholly-owned subsidiary of Pathfinder Bancorp, Inc., Oswego, New York, a newly formed corporation, which proposes to become a bank holding company by acquiring Pathfinder Bank.

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
MONUMENT BK, DOYLESTOWN, PENNSYLVANIA	3616309	11/25/2013	05/29/2014	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 3 Federal Reserve Bank of: Philadelphia

Filings received during the week ending June 14, 2014

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 3
Federal Reserve Bank of: Philadelphia