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 January 1, 2022

Filer Filing Type Filing Proposal End of Comment Period
AIB GROUP PLC 4c8 AIB Group, p.l.c., to retain 100 percent of the voting shares of GANMAC Holdings (BVI) Limited, and thereby indirectly retain Goodbody Securities, Inc., all of Dublin, Ireland and thereby engage in securities brokerage activities pursuant to section 225.28(b)(7)(i) of Regulation Y.
Newspaper: Not applicable
Federal Register: 01/18/2022
FELIX SCHERZER, SCHERZER CAPITAL, LLC, AND THE SCHERZER FAMILY TRUST CIC Notice of Change in Control by Mr. Felix Scherzer, Scherzer Capital, LLC, and the Scherzer Family Trust (the trustee of which is Thomas Nakashian), all of New York, New York, to acquire 14.91 percent of voting shares of, and thereby control, Patriot National Bancorp, Inc., Stamford, Connecticut.
Newspaper: Not available
Federal Register: Not available
JPMORGAN CHASE & CO. Investment JPMorgan Chase & Co., New York, New York, and its subsidiaries JPMorgan Chase Bank, N.A. and J.P. Morgan International Finance Limited, both of New York, New York, provides prior notice to make an investment in a foreign subsidiary and establish a branch in an additional foreign country, pursuant to Sections 211.9(f) and 211.3(b)(3) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
NAVE HOLDINGS LLC Member
* 3A1
Nave Bank, San Juan, Puerto Rico, a de novo bank, to become a member of the Federal Reserve System, and Nave Holdings LLC, also of San Juan, Puerto Rico, to become a bank holding company by acquiring one hundred percent of Nave Bank, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.
Newspaper: Not available
Federal Register: 01/26/2022
OAKTREE CAPITAL MANAGEMENT LP CIC Notice by Oaktree Opportunities Fund XI Holdings (Delaware), L.P., Oaktree Opportunities Fund Xb Holdings (Delaware), L.P., Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P., Oaktree Capital I, L.P., OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings, L.P., Oaktree Capital Group Holdings GP, LLC, Bruce Karsh and Howard Marks, all of Los Angeles, California, to acquire 10 percent or more of the shares of, and thereby control, Patriot National Bancorp, Inc., Stamford, Connecticut.
Newspaper: Not available
Federal Register: 01/11/2022
POPULAR, INC. Investment Popular Inc.,Hato Rey, Puerto Rico, on behalf of Evertec, Inc., San Juan, Puerto Rico, to acquire 100% of the interest in OPG Technology Corp, pursuant to Section 211.9(f) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
TBB Investments LLC * 3A1
* 3A3
TBB Investment LLC and TBB Intermediate LLC, both of New York, New York, to become bank holding companies by acquiring 92.7 percent of the common shares of Berkshire Bancorp, Inc, also of New York, New York, (%BERK%) currently owned by Marx Family Investors, and TBB Intermediate to merge with and into BERK, with BERK as a surviving entity, pursuant to section 3(a)(1) and (3) of the Bank Holding Company Act of 1956, as amended. As a result of the transaction, Marx Family Investors will own 100 percent of the newly issued shares of BERK.%%
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     Quarter of

Institution Location Quarter
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