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 May 26, 2018

Filer Filing Type Filing Proposal End of Comment Period
FREEHOLD MHC * 3A5
* 3A1 		Applications by Freehold MHC and Freehold Bancorp, both of Freehold, NJ, the parent companies of Freehold Savings Bank ("the Bank"), Freehold, NJ, to convert from savings and loan holding companies to bank holding companies, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y, in connection with the Bank's conversion from a federally chartered savings bank to a state chartered savings bank. And subsequently Freehold MHC, and Freehold Bancorp, to merge with two new entities, Freehold MHC and Freehold Bancorp, both in formation, pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y.
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 Third Quarter of 2018 (July 1, 2018 - September 30, 2018) and Fourth Quarter of 2018 (October 1, 2018 - December 31, 2018)

Institution Location Quarter
FIRST NORTHERN B&TC PALMERTON, PENNSYLVANIAThird Quarter of 2018
JIM THORPE NEIGH BK JIM THORPE, PENNSYLVANIAThird Quarter of 2018
WOODLANDS BK WILLIAMSPORT, PENNSYLVANIAThird Quarter of 2018
BRYN MAWR TC BRYN MAWR, PENNSYLVANIAFourth Quarter of 2018
MERCHANTS BK OF BANGOR BANGOR, PENNSYLVANIAFourth Quarter of 2018

* 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: May 31, 2018