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

District: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending April 22, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

PONCE BANK MUTUAL HOLDING COMPANY

MHC Minority Stock Issuance
* MHC Formation

Application for Ponce Bank Mutual Holding Company, Bronx, New York, to become a federal mutual holding company, and PDL Community Bancorp, Bronx, New York, to become a savings and loan holding company, by acquiring 100% of Ponce Bank, Bronx, New York following the conversion of Ponce De Leon Federal Bank, Bronx, NY, from a federal mutual savings bank to a federal stock savings bank, to be called Ponce Bank, Bronx, New York, and for PDL Community Bancorp to conduct a minority stock issuance pursuant to Section 10 of the Home Owners Loan Act and Section 239.24 of Regulation MM.

Newspaper:	05/20/2017
Federal Register:	05/15/2017

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
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 3 Federal Reserve Bank of: Philadelphia

Filings received during the week ending April 22, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 3
Federal Reserve Bank of: Philadelphia