Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 1: Federal Reserve Bank of Boston PDF
Filings received during the week ending January 27, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| MAINE COMMUNITY BANCORP, MHC | * 3A3 * 3A5 Listed Going Concern | Maine Community Bancorp, MHC and Main Community Bancorp, Inc., Auburn, Maine ("Applicants"), to merger with Gorham Bancorp, MHC and Gorham Bancorp, Inc., Gorham, Maine, respectively, and thereby indirectly acquire control of Gorham Savings Bank, Gorham, Maine, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act. In addition, applicants to indirectly acquire 55 percent of Gorham Savings Bank's majority-owned subsidiary, Bigelow Investments Advisors, LLC, which specializes in providing investment management and financial planning services pursuant to section 225.28(b)(6) of the Board's Regulation Y. | Not available | 02/28/2024 |
* Subject to the provisions of the Community Reinvestment Act
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 | ||