Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 2: Federal Reserve Bank of New York PDF
Filings received during the week ending August 17, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIRST GREENWICH FINANCIAL, INC. | Change in Bank Control | The D'Angelo Family Trust, with George D'Angelo and Dahlia D'Angelo as Trustees, all of Old Greenwich, Connecticut, to acquire 25 percent or more of the voting shares of First Greenwich Financial, Inc., Cos Cob, Connecticut, and thereby indirectly acquire voting shares of First Bank of Greenwich, Cos Cob, Connecticut. | 08/11/2024 | Not available |
| PORTICOES CAPITAL LLC AND PORTICOES INVESTORS, LLC | *3A1 | Porticoes Capital LLC and Porticoes Investors, LLC, both of New York, New York, to acquire Porticoes National Bank (in formation), New York, New York. | Not available | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| ADIRONDACK TC, SARATOGA SPRINGS, NEW YORK | 645317 | 09/28/2023 | 12/05/2022 | S | Int Small Bank |
| SOLVAY BK, SOLVAY, NEW YORK | 722816 | 02/04/2024 | 06/26/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||