Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 2: Federal Reserve Bank of New York PDF
Filings received during the week ending October 5, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANCO BTG PACTUAL SA | * 3A1 Election (Domestic) Election (Foreign) * Acquisition Other BHC Filing | Banco BTG Pactual S.A., BTG Pactual G7 Holding S.A., BTG Pactual Holding Financeira Ltda., and BTG Pactual Holding Internacional S.A., all of Rio de Janeiro, Brazil, BTG Pactual Holding S.A., São Paulo, Brazil, BTG Pactual UK Holdco Limited, London, United Kingdom, and BTG Pactual Bancorp, LLC, New York, New York, to become bank holding companies by acquiring M.Y. Safra Bank, FSB, New York, New York | 11/04/2024 | Not available |
| GRASSHOPPER BANCORP, INC. | * Thrift Going Concern | Grasshopper Bancorp, Inc.; through its subsidiary bank, Grasshopper Bank, National Association, both of New York, New York, to acquire Auto Club Trust, FSB, Dearborn, Michigan, and thereby engage in operating a savings association pursuant to Section 225.28(b)(4)(ii) of Regulation Y. | Not available | Not available |
| MANUFACTURERS AND TRADERS TRUST COMPANY | * Branch (Domestic) | Manufacturers and Traders Trust Company, Buffalo, New York, propose to open a branch office located at 850 Park Shore Drive, Naples, Florida. | Not available | Not applicable |
* 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 |
|---|---|---|---|---|---|
| FIELDPOINT PRIV B&TC, GREENWICH, CONNECTICUT | 3664588 | 08/18/2024 | 01/16/2024 | NI | Int Small Bank |
| SOLVAY BK, SOLVAY, NEW YORK | 722816 | 02/04/2024 | 06/26/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||