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 October 27, 2018

Filer

Filing Type

Filing Proposal

End of Comment Period

ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP TRUST, THE

* 3A3

The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.

Newspaper:	Not available
Federal Register:	Not available

ORANGE BANK & TRUST COMPANY

Premises

Orange Bank & Trust Company, Middletown, New York, provides notice to increase its investment in bank premises in association with the establishment of the branch office at 859-861 Franklin Avenue, Westchester County, New York, pursuant to Section 24A of the Federal Reserve Act and Section 208.21 of Regulation H.

Newspaper:	Not applicable
Federal Register:	Not applicable

ORANGE BANK & TRUST COMPANY

* Branch

Orange Bank & Trust Company, Middletown, New York, to establish a branch office to be located at 859-861 Franklin Avenue, Town of Mount Pleasant, Westchester County, New York.

Newspaper:	Not available
Federal Register:	Not applicable

USB BANCORP INC.

* 3A1

USB Bancorp Inc., Danbury, Connecticut to become a bank holding company, by acquiring 100 percent of the voting shares of Union Savings Bank, Danbury, Connecticut , pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended and Section 225.15 of Regulation Y, in connection with the conversion of Union Savings Bank from mutual to stock form.

Newspaper:	10/29/2018
Federal Register:	10/29/2018

WOORI FINANCIAL GROUP INC.

* 3A1

Woori Financial Group, to become a bank holding company by acquiring 100 percent of Woori Bank, both of Seoul, South Korea, and indirectly acquire control of Woori America Bank, New York, New York.

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 October 27, 2018

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York