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 September 13, 2014

Filer

Filing Type

Filing Proposal

End of Comment Period

BENEFICIAL SAVINGS BANK, MHC

* MHC Conversion
* 4c8
* 3A1

Beneficial Savings Bank MHC, Philadelphia, PA, and Beneficial Mutual Bancorp, Inc., proposes to convert to stock form and merge with Beneficial Bancorp, Inc., Philadelphia, PA, which proposes to become a bank holding company by acquiring 100 percent of Beneficial Mutual Savings Bank, Philadelphia, PA.

Newspaper:	09/21/2014
Federal Register:	09/24/2014

CODORUS VALLEY BANCORP, INC.

* 4c8

Codorus Valley Bancorp, Inc., York, PA and CVLY, a newly formed Pennsylvania acquisition subsidiary, to acquire Madison Bancorp, Inc., a savings and loan holding company and thereby acquire Madison Square Federal Savings Bank, both located in Baltimore, MD.

Newspaper:	Not available
Federal Register:	10/06/2014

ESSA BANCORP, INC.

* 3A1

ESSA Bancorp, Inc., Stroudsburg, PA, to convert from a savings and loan holding company to a bank holding by retaining its ownership interest in ESSA Bank & Trust Company, Stroudsburg, PA.

Newspaper:	Not available
Federal Register:	Not available

KEARNY MHC

* MHC Conversion

Kearny MHC, and Kearny Financial Corp., both of Kearny, NJ, proposes to convert to stock form and merge with Kearny Financial Corp., (a newly formed holding company), which proposes to become a savings and loan holding company by acquiring 100 percent of Kearny Federal Savings Bank, Kearny, NJ.

Newspaper:	Not available
Federal Register:	10/09/2014

UNIVEST BANK AND TRUST CO.

* Branch

Univest Bank and Trust Co., Souderton, PA, to establish a branch office located at 15 Swamp Road, Newtown, Bucks County, PA.

Newspaper:	10/14/2014
Federal Register:	Not applicable

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 September 13, 2014

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 3
Federal Reserve Bank of: Philadelphia