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 March 27, 2021

Filer

Filing Type

Filing Proposal

End of Comment Period

BLUE FOUNDRY BANCORP

* 3A1

Blue Foundry Bancorp, Delaware; to become a bank holding company pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 by merging with Blue Foundry Bancorp-NJ, and thereby indirectly acquire Blue Foundry Bank, both of Rutherford, NJ. Blue Foundry, MHC, Rutherford, NJ, to convert from mutual to stock form and merge with and into Blue Foundry Bancorp-NJ. As part of the conversion, Blue Foundry, MHC and Blue Foundry Bancorp-NJ, will cease to exist.

Newspaper:	Not available
Federal Register:	04/21/2021

MAGYAR BANCORP, INC.

* 3A5

Magyar Bancorp, New Brunswick, New Jersey, to become a top-tier bank holding company pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 and convert from mutual to stock form and merge with Magyar Bancorp MHC, also of New Brunswick, New Jersey. As part of the conversion, Magyar Bancorp, MHC will cease to exist.

Newspaper:	Not available
Federal Register:	04/22/2021

MANUFACTURERS AND TRADERS TRUST COMPANY

* 3A5
* 18C
* Branch
* 3A3

M&T Bank Corporation, Buffalo, New York, to acquire People's United Financial Inc., and thereby indirectly acquire People's United Bank, National Association, both of Bridgeport, Connecticut; Manufacturers and Traders Trust Company, Buffalo, New York, to merge with People's United Bank, National Association, Bridgeport, Connecticut, and establish branches at the locations of People's United Bank, National Association.

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

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending March 27, 2021

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York