BOARD OF BANK INCORPORATION
Fidelity Co-operative Bank, Fitchburg, Massachusetts - permission to establish a mutual co-operative bank in conjunction with its multi-step reorganization into a mutual holding company, Fidelity Mutual Holding Company, with a mid-tier holding company, Life Design Holding Company. The continuing bank will operate under the name Fidelity Co-operative Bank. Comment period ended August 16, 2006.
DIVISION OF BANKS
Berkshire Bank, Pittsfield, Massachusetts - permission to establish branch offices at 1) 262 Saratoga Road, Glenville, New York; and 2) Town Center Plaza, 1704 Western Avenue, Guilderland, New York - approved August 22, 2006.
Easthampton Savings Bank, Easthampton - notice to establish a branch office at 85 Broad Street, Westfield - non-objection issued August 18, 2006.
Premier Source Credit Union, ("Premier") Springfield and Embeco Credit Union ("Embeco"), East Longmeadow - permission for Embeco to merge with and into Premier under the charter, by-laws and name of Premier Source Credit Union. The main office of Premier would remain the main office of the continuing credit union and the sole banking office of Embeco will be retained as a branch office. As part of this transaction, the by-laws of Premier would be amended to change membership eligibility - approved August 31, 2006
Quincy Credit Union ("Quincy"), Quincy and Braintree Educators & Municipal Employees Federal Credit Union ("Braintree"), Braintree - permission for Braintree to merge with and into Quincy under the charter, by- laws and name of Quincy Credit Union. The main office of Quincy would remain the main office of the continuing credit union and the sole banking office of Braintree would not be retained as a branch office - approved August 9, 2006.
Salem Five Cent Savings Bank, Salem - notices to establish branch offices at 1) 33-41 Boston Street, Lynn; and 2) 441 Main Street, Woburn - non-objection issued August 17, 2006.
Springfield Mass. Municipal Employees Credit Union, Springfield - permission to close its branch office located within the Hampden County Hall of Justice, 50 State Street, Springfield - approved August 11, 2006.
ValleyStone Credit Union, Wilbraham - permission to close its branch office located within Wal-Mart, 591 Memorial Drive, Chicopee - approved August 15, 2006.
Bay State Savings Bank, Worcester - permission to relocate its branch office from 247 Mill Street, Worcester to 275 Mill Street, Worcester. Comment period ends September 8, 2006.
Boston Globe Employees Credit Union, Boston - notice to establish a branch office at the Worcester Telegram & Gazette building, 20 Franklin Street, Worcester. Filed August 21, 2006.
City of Boston Credit Union, Boston - permission to amend its by laws to expand the associations which qualify persons for membership. The amendment relative to membership eligibility proposes to add membership for those who live or work in Middlesex County, Suffolk County and Norfolk County, as well as organization members, as defined in the proposed by-law, located in those counties. Other changes are set out in the proposed by-law. Comment period ended April 18, 2006.
Fidelity Co-operative Bank, Fitchburg - permission to reorganize into a mutual holding company, Fidelity Mutual Holding Company, as part of a multi-step transaction. Comment period ended August 16, 2006.
Mayflower Co-operative Bank (the "Bank"), Middleboro - permission to reorganize the Bank into a holding company structure pursuant to a Plan of Reorganization and Acquisition dated as of June 8, 2006 between the Bank and Mayflower Bancorp, Inc., a Massachusetts corporation formed to effect the reorganization. Comment period ends September 22, 2006.
Southbridge Credit Union, Southbridge - notice to establish a branch office at 732 Southbridge Street, Auburn. Filed July 17, 2006.
State Street Bank and Trust Company, Boston, Massachusetts - permission to establish a branch office in Mumbai, India. Filed August 22, 2006.
SEPTEMBER 2006 FILING DATE
Complete applications for the August Activity Report must be received by the Division or the Board on or before 5:00 P.M., Friday, September 15, 2006.
COMMUNITY REINVESTMENT ACT DESCRIPTIVE RATINGS AND EVALUATIONS
WHICH BECAME PUBLIC DURING THE MONTH
The following state-chartered institutions have Community Reinvestment Act Descriptive Ratings and Evaluations describing the basis for the Rating issued by the Division of Banks pursuant to Massachusetts General Laws chapter 167, section 14. The ratings, as set out in the statute, for a bank's record of meeting community credit needs are: Outstanding ("O"); High Satisfactory ("HS"); Satisfactory ("S"); Needs to Improve ("NI"); and Substantial Noncompliance ("SNC").
Citizens-Union Savings Bank, Fall River
Lynn Teachers Credit Union
Pressers Union Local 12 ILGWU Credit Union, Boston
The Savings Bank, Wakefield
APPLICATIONS TO SELL INSURANCE
TEMPORARY CHECK CASHER LICENSES
Tuesday, October 3, 2006
Springfield City Hall, Room 220
36 Court Street
at 6:00 p.m.
Pioneer Check Cashing, Inc., Springfield, Massachusetts - permission to operate a check casher office located with the Chestnut Package Store, 95 Chestnut Street, Springfield, Massachusetts. Comment period ends Tuesday, October 10, 2006.
Espo Liquor Company, Inc. d/b/a Broadway Liquors, Lawrence, Massachusetts- permission to operate a check casher office located at 434 Broadway, Lawrence, Massachusetts. Comment period ended December 27, 2005.
John Tamburo d/b/a Tamburo Check Cashing, Everett, Massachusetts - permission to operate a check casher office at 241 Beacham Street, Everett. Comment period ends Tuesday, September 5, 2006.
Kirsch & Davis, Inc. d/b/a Kirsch Package Store, Worcester, Massachusetts - permission to operate a check casher office at 646 Main Street, Worcester. Comment period ended Thursday, August 24, 2006.
Primos Liquors, Inc., Lawrence, Massachusetts - permission to operate a check casher office located at 450 Haverhill Street, Lawrence, Massachusetts. Comment period ended December 27, 2005.
WalMart Stores East, LP d/b/a Wall Mart Stores, Bentonville Arkansas - permission to provide check cashing services at its 44 store locations in Massachusetts. Comment period ended June 28, 2006.
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If you need assistance or have questions, please contact Bernard N. Waxman at 617.956.1571.
For information relative to current Activity Reports please contact the Consumer Assistance Unit .