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

District: 1
Federal Reserve Bank of: Boston

Filings received during the week ending April 29, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

KENNEBUNK SAVINGS BANCORP, MHC

* 3A1
* 3A3

Application by Kennebunk Savings Bancorp, MHC and Kennebunk Savings Bancorp, Inc., both of Kennebunk, Maine, to become a mutual bank holding company and a mid-tier stock bank holding company, respectively, by acquiring 100% of the outstanding capital stock of Kennebunk Savings Bank, Kennebunk, Maine, pursuant to sections 3(a)(1) and 3(a)(3) of the BHC Act of 1956, as amended, in connection with the conversion of Kennebunk Savings Bank from mutual to stock form.

Newspaper:	Not available
Federal Register:	05/30/2017

NARRAGANSETT FINANCIAL CORP

4c8

Notice by Narragansett Financial Corp., Swansea, Massachusetts (Narragansett) pursuant to Section 4(c)(8) and Section 4(j) of the Bank Holding Company Act of 1956, as amended, and Section 225.24 of Regulation Y, for approval on a retroactive basis to retain an indirect 80% ownership interest in Plimoth Trust Company LLC, Plymouth, Massachusetts (Plimoth) which Narragansett acquired through a de novo formation in 2011. Additionally, Narragansett seeks prior approval to acquire indirectly through Plimoth certain assets from and assume certain liabilities of Savings Institute Bank and Trust Company, Willimantic, Connecticut.

Newspaper:	Not applicable
Federal Register:	05/17/2017

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: 1 Federal Reserve Bank of: Boston

Filings received during the week ending April 29, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 1
Federal Reserve Bank of: Boston