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

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 1
Federal Reserve Bank of: Boston

Filings received during the week ending July 13, 2019

Filer Filing Type Filing Proposal End of Comment Period
CENTURY BANCORP, INC. CIC Notification Submitted Pursuant to 12 C.F.R. S 225.42(b)(1)(i) on behalf of Barbara J. Sloane, Barry R. Sloane, Linda Sloane Kay and Frank Dardeno with respect to Century Bancorp, Inc., Medford, Massachusetts.
Newspaper: Not available
Federal Register: Not available
EASTHAMPTON SAVINGS BANK * Branch Application by Easthampton Savings Bank, Easthampton, Massachusetts, to establish a de novo branch to be located at 253 Triangle Street, Amherst, Massachusetts pursuant to Section 208.6 of Regulation H.
Newspaper: Not available
Federal Register: Not applicable
MASCOMA BANK * Branch Application by Mascoma Bank, Lebanon, New Hampshire for approval to establish two branches at 242-244 North Winooski Avenue, Burlington, Vermont and 431 Pine Street, Burlington, Vermont pursuant to Section 208.6 of Regulation H.
Newspaper: Not available
Federal Register: Not applicable
MIDDLESEX FEDERAL MHC * MHC Formation Application by Middlesex Federal MHC, Somerville, Massachusetts to become a mutual savings and loan holding company, in connection with the reorganization of Middlesex Federal Savings, F. A., Somerville, Massachusetts from a federal mutual savings association to a stock savings association.
Newspaper: Not available
Federal Register: 07/05/2019
PROVIDENT BANCORP * 3A1 Application by Provident Bancorp Inc., Amesbury, Massachusetts (a newly formed Maryland corporation) to acquire 100% of the outstanding capital stock of Provident Bank, Amesbury, Massachusetts, pursuant to section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, in connection with the second-step conversion of Provident Bancorp, Amesbury, Massachusetts, from a mutual to stock form.
Newspaper: 07/12/2019
Federal Register: 07/16/2019
STATE STREET BANK AND TRUST COMPANY Investment A 30 days' prior notice submitted by State Street Bank and Trust Company (SSBT), Boston, Massachusetts, and SSBT's Edge corporation subsidiary, State Street International Holdings (SSIH), Boston, Massachusetts, pursuant to Section 211.9(f) of Regulation K, of their intention to invest in certain subsidiaries of SSIH that engage solely in activities listed in Section 211.10 of Regulation K. The investments will be made in connection with the proposed combination of the businesses of two of State Street's Luxembourg entities, followed by a merger of the combined business into State Street Bank International GmbH (SSBI), an indirect subsidiary of SSIH.
Newspaper: Not applicable
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 Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco