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

District: 1
Federal Reserve Bank of: Boston

Filings received during the week ending May 5, 2018

Filer

Filing Type

Filing Proposal

End of Comment Period

HARBORONE BANCORP, INC.

* 3A5
* 3A3

Application by HarborOne Mutual Bancshares and its mid-tier stock holding company, HarborOne Bancorp, Inc., both of Brockton, Massachusetts, to acquire Coastway Bancorp, Inc., and its subsidiary bank, Coastway Community Bank, both of Warwick, Rhode Island pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act of 1956, as amended.

Newspaper:	05/14/2018
Federal Register:	05/11/2018

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
BANKNEWPORT, NEWPORT, RHODE ISLAND	546003	04/25/2016	12/15/2017	S	Large Bank
COMMONWEALTH COOP BK, HYDE PARK, MASSACHUSETTS	275479	07/10/2017	10/24/2017	S	Small Bank
EASTHAMPTON SVG BK, EASTHAMPTON, MASSACHUSETTS	859002	06/19/2017	04/26/2018	S	Large Bank
NEEDHAM BK, NEEDHAM, MASSACHUSETTS	339773	05/15/2017	04/12/2018	S	Large Bank
SOUTH SHORE BK, SOUTH WEYMOUTH, MASSACHUSETTS	772008	06/22/2015	12/26/2017	S	Large Bank

CRA Examinations scheduled for Quarter of

Institution	Location	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 1 Federal Reserve Bank of: Boston

Filings received during the week ending May 5, 2018

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 1
Federal Reserve Bank of: Boston