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

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending August 20, 2022

Filer

Filing Type

Filing Proposal

End of Comment Period

BESSEMER GROUP, INCORPORATED, THE

CIC

Elizabeth Guest Stevens, Washington, District of Columbia, as trustee of Trust u/a 2nd(3) u/w of Hubert B. Phipps for Hubert G. Phipps, Woodbridge, New Jersey; Trust u/a 2nd(4)(a) u/w Hubert B. Phipps for Hubert G. Phipps, Woodbridge, New Jersey; Trust u/a 2nd(3) u/w Hubert B. Phipps for Melissa Phipps, Woodbridge, New Jersey; Trust u/a 2nd(4)(a) u/w Hubert B. Phipps for Melissa Phipps, Woodbridge, New Jersey; Frederick E. Guest II Trust dated 12/10/2014, Wilmington, Delaware; Trust f/b/o Alexander M. D. Guest u/Art. 7(B)(5) u/w Winston F. C. Guest, Deceased, New York, New York; Trust f/b/o Cornelia C. Guest u/Art. 7(B)(5) u/w Winston F. C. Guest, Deceased, New York, New York; Trust f/b/o Winston Guest, Jr. u/Art. 7(B)(5) u/w Winston F. C. Guest, Deceased, New York, New York; and Elizabeth Guest Stevens Revocable Trust dated June 21, 2011, Woodbridge, New Jersey (collectively, the "EGS Trusts"), the EGS Trusts, together with Achille Murat Guest, Richmond, Virginia, as trustee of the Achille Murat Guest Revocable Trust (the "AMG Trust"), the AMG Trust, Richmond, Virginia, Virginia Guest Valentine, Palm Beach, Florida, and Laetitia A. Guest Oppenheim, Palm Beach, Florida, to acquire voting shares of The Bessemer Group, Inc., Woodbridge, New Jersey, and thereby indirectly acquire voting shares of Bessemer Trust Company, N.A., New York, New York, and Bessemer Trust Company, Woodbridge, New Jersey.

Newspaper:	Not available
Federal Register:	09/08/2022

NAVE BANK

Member
* 3A1

Nave Bank, San Juan, Puerto Rico, a de novo bank, to become a member of the Federal Reserve System, and Nave Holdings Inc., also of San Juan, Puerto Rico, to become a bank holding company by acquiring Nave Bank, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

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 Fourth Quarter of 2022 (October 1, 2022 - December 31, 2022) and First Quarter of 2023 (January 1, 2023 - March 31, 2023)

Institution	Location	Quarter
ADIRONDACK BK	UTICA, NEW YORK	Fourth Quarter of 2022
ADIRONDACK TC	SARATOGA SPRINGS, NEW YORK	Fourth Quarter of 2022
ALDEN ST BK	ALDEN, NEW YORK	Fourth Quarter of 2022
POPULAR BK	NEW YORK, NEW YORK	First Quarter of 2023

* Subject to the provisions of the Community Reinvestment Act

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending August 20, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Fourth Quarter of 2022 (October 1, 2022 - December 31, 2022) and First Quarter of 2023 (January 1, 2023 - March 31, 2023)

District: 2
Federal Reserve Bank of: New York