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: 1
Federal Reserve Bank of: Boston

Filings received during the week ending August 26, 2006

Filer Filing Type Filing Proposal End of Comment Period
HAMPDEN BANCORP, MHC * 3A1 Hampden Bancorp, Inc., Springfield, Massachusetts to acquire 100% of the outstanding capital stock of Hampden Bank, Springfield, Massachusetts pursuant to section 3(a)(1) of the BHC Act in connection with the reorganization of Hampden Bancorp, MHC, Springfield, Massachusetts from mutual to stock form.
Newspaper: Not available
Federal Register: 09/18/2006
MERIDIAN FINANCIAL SERVICES, INC * 3A3 Meridian Financial Sevices, Inc. and its wholly-owned subsidiary, Meridian Interstate Bancorp, Inc., both of East Boston, Massachusetts, to acquire up to 40% of Hampshire First Bank, Manchester, New Hampshire (in formation) pursuant to section 3(a)(3) of the BHC Act.
Newspaper: 09/01/2006
Federal Register: 09/05/2006
STATE STREET BANK AND TRUST COMPANY Foreign Branch State Street Bank and Trust Company, Boston, Massachusetts to establish a foreign branch in Mumbai, India pursuant to section 211.3(b)(3) of the Board's Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
WEBSTER FINANCIAL CORPORATION * 3A5
* 3A3
Application by Webster Financial Corporation, Waterbury, Connecticut to acquire NewMil Bancorp, Inc. and its subsidiary bank, NewMil Bank, both of New Milford, Connecticut, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act of 1956, as amended.
Newspaper: 09/09/2006
Federal Register: 09/07/2006


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 Forth Quarter of 2006 (October 1, 2006 - December 31, 2006)

Institution Location
BK OF EASTON A CO-OP BK NORTH EASTON, MASSACHUSETTS

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