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 April 18, 2020

Filer

Filing Type

Filing Proposal

End of Comment Period

MARX FAMILY INVESTORS

CIC

Notice of change in control by Phillippe D. Katz, Esther Katz, Isaac S. Katz, Maxwell T. Katz, Kara Z. Newman and Charlotte Cohen, all of Lawrence, New York; Austin J. Katz of Clifton, New Jersey; Marga Marx, Joseph M. Fink, Eva Fink, Moshe Aaron Fink, Eric Dov Fink, Elliot Meir Fink, Hillary Fink Rosenberg and Kaethe Fink Feit all of New York City, New York; KF Investors LLC, New York City, New York, Eva Fink and Ester Katz, as principal shareholders; Momar Corporation, New York City, New York, Eva Fink and Ester Katz, as principal shareholders; Marneu Holding Company, New York City, New York, the general partners of which are Moses Marx (who has previously received permission to control the bank holding company and bank listed below) and United Equity Reality Associates, New York City, New York, the principal shareholders of which are Moses Marx (who has previously received permission to control the bank holding company and bank listed below), Joseph M. Fink, and Phillip D. Katz; Terumah Foundation, Inc., New York City, New York, a New York State not-for-profit corporation controlled by its directors Moses Marx (who has previously received permission to control the bank holding company and bank listed below) Marga Marx, Eva Fink, Joseph M. Fink, Esther Katz and Philippe D. Katz; and United Equities Commodities Company, New York City, New York, the general partners of which are Moses Marx (who has previously received permission to control the bank holding company and bank listed below), Joseph M. Fink, and Phillip D. Katz hereby apply to the Federal Reserve Board for permission to control Berkshire Bancorp Inc. by retaining 25 percent or more of the outstanding voting shares and thereby indirectly control The Berkshire Bank. The aforementioned notificants would be a group acting in concert together with Moses Marx, who previously received permission to control Berkshire Bancorp Inc. and thereby indirectly to control The Berkshire Bank, New York, New York.

Newspaper:	05/02/2020
Federal Register:	05/06/2020

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 April 18, 2020

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York