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: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending April 15, 2017

Filer Filing Type Filing Proposal End of Comment Period
LAFAYETTE AMBASSADOR BANK PWI Lafayette Ambassador Bank, Bethlehem, PA, seeks prior approval to make a public welfare investment for the purposes of the renovation of Easton Arts Academy Charter School.
Newspaper: Not applicable
Federal Register: Not applicable
PONCE BANK MUTUAL HOLDING COMPANY MHC Minority Stock Issuance
* MHC Formation 		Application for Ponce Bank Mutual Holding Company, Bronx, New York, to become a federal mutual holding company, and PDL Community Bancorp, Bronx, New York, to become a savings and loan holding company, by acquiring 100% of Ponce Bank, Bronx, New York following the conversion of Ponce De Leon Federal Bank, Bronx, NY, from a federal mutual savings bank to a federal stock savings bank, to be called Ponce Bank, Bronx, New York, and for PDL Community Bancorp to conduct a minority stock issuance pursuant to Section 10 of the Home Owners Loan Act and Section 239.24 of Regulation MM.
Newspaper: Not available
Federal Register: Not available
UNIVEST BANK AND TRUST CO. * Branch Univest Bank and Trust Co., Souderton, PA, to establish a Branch at 4240 Oregon Pike, Ephrata, PA.
Newspaper: 04/07/2017
Federal Register: Not applicable
UNIVEST BANK AND TRUST CO. * Branch Univest Bank and Trust Co., Souderton, PA, to establish a Branch at 1135 Georgetown Road, Christiana, PA.
Newspaper: 04/07/2017
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

* 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

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Last update: April 20, 2017