By the Division of Banks

BOARD OF BANK INCORPORATION

Applications Pending

Butler Bank, Lowell, Massachusetts - permission to establish a mutual co-operative bank in conjunction with its multi-step reorganization into a mutual holding company, Butler Bancorp, MHC with a mid-tier holding company, Butler Bancorp, Inc. The continuing bank will operate under the name Butler Bank. Comment period ended March 14, 2006.

Weymouth Bank, Weymouth, Massachusetts - permission to establish a mutual co-operative bank in conjunction with its multi-step reorganization into a mutual holding company, Wessagussett Mutual Holding Company with a mid-tier holding company, Wessagussett Bancorp, Inc. The continuing bank will operate under the name Weymouth Bank. Comment period ended March 14, 2006.

Miscellaneous

Patriot Community Bank, Woburn, Massachusetts - certificate to transact business - issued March 28, 2006.

DIVISION OF BANKS

Decisions/Notices

Butler Bank, Lowell - notice to establish a branch office at 16 North Main Street, Andover - non-objection issued March 28, 2006.

Century Bank and Trust Company, Somerville - permission to close its branch office located at 280 Atlantic Avenue, Boston - approved March 27, 2006.

Danversbank, Danvers - notice to establish a branch office at 584 Broadway, Saugus - non-objection issued March 28, 2006.

Hingham Institution for Savings, Hingham - notice to establish a branch office at 540 Tremont Street, Boston -non-objection issued March 22, 2006.

Medway Co-operative Bank, Medway - notice to establish a branch office located at Medway High School, 88 Summer Street, Medway - non-objection issued March 6, 2006.

Metropolitan Credit Union, Chelsea - notice to establish a branch office at Peabody Veterans Memorial High School, 485 Lowell Street, Peabody - non-objection issued March 3, 2006.

Mt. Washington Co-operative Bank, South Boston - notice to establish a branch office at 305 Talbot Avenue, Dorchester - non-objection issued March 28, 2006.

Tremont Credit Union ("Tremont"), Boston and Bakery Drivers Federal Credit Union ("Bakery Drivers"), South Boston - permission for Bakery Drivers to merge with and into Tremont under the charter, by-laws and name of Tremont Credit Union. The main office of Tremont would remain the main office of the continuing credit union and the sole banking office of Bakery Drivers would not be retained as a branch office - approved March 27, 2006.

Applications/Notices Pending

Bank of Easton, A Co-operative Bank, North Easton - permission to relocate its branch office from 507 Foundry Street, North Easton to 12 Robert Drive, North Easton. Comment period ends April 7, 2006.

Butler Bank, Lowell - permission to reorganize into a mutual holding company, Butler Bancorp, MHC, as part of a multi-step transaction. Comment period ended March 14, 2006.

Cambridge Savings Bank, Cambridge - notice to establish a branch office at 54 Arsenal Street, Watertown. Filed March 28, 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 ends April 18, 2006.

Country Bank for Savings, Ware - notice to establish a branch office at Overlook Life Care Community, 88 Masonic Road, Charlton. Filed March 30, 2006.

Granite Savings Bank, Rockport - permission to 1) relocate its main office from 26 Broadway, Rockport to 247-249 Main Street, Rockport; and in connection therewith 2) maintain its current main office as a branch office. Comment period ends April 14, 2006.

Mayflower Co-operative Bank, Middleboro - notice to establish a branch office at 2420 Cranberry Highway, Wareham. Filed March 22, 2006.

Southern New Hampshire Bank and Trust Company, Salem, New Hampshire - permission to establish branch offices at 1) 37 Emerson Street, Haverhill, Massachusetts; and 2) 3 Cross Street, Methuen, Massachusetts. Filed March 22, 2006.

Tremont 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 persons who live, work or worship in Norfolk and Middlesex Counties. Comment period ends April 18, 2006.

Weymouth Bank, Weymouth, Massachusetts - permission to reorganize into a mutual holding company, Wessagussett Mutual Holding Company, as part of a multi-step transaction. Comment period ended March 14, 2006.

APRIL 2006 FILING DATE

Complete applications for the April Activity Report must be received by the Division or the Board on or before 5:00 P.M., Friday, April 14, 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").

DATE OF

FINANCIAL INSTITUTION

RATING

EXAMINATION

Gloucester Fire Department Credit Union

O

01/04/06

Putnam Fiduciary Trust Company, Boston

O

01/04/06

Wellesley Bank

S

11/28/05

APPLICATIONS TO SELL INSURANCE

Cape Cod Co-operative Bank, Yarmouth Port - approved March 24, 2006
Freedom Credit Union, Springfield - approved March 3, 2006.

TEMPORARY CHECK CASHER LICENSES

Hearings

There are no hearings for the month of April

Applications Pending

El Valle De La Sultana Market, Inc., Everett, Massachusetts - permission to operate a check casher office located at 716 Broadway, Everett, Massachusetts. Comment period ended January 16, 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.

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.

THE COMMONWEALTH OF MASSACHUSETTS

DIVISION OF BANKS

NOTICE OF PUBLIC HEARING

April 18, 2006
Second Floor - Hearing Room A
One South Station
Boston, Massachusetts

At 2:00 p.m.

Pursuant to the provisions of Massachusetts General Laws chapter 171, section 6A, and chapter 167, section 1A, and in accordance with Massachusetts General Laws chapter 30A, section 3 a public hearing will be held on Tuesday, April 18, 2006 at 2:00 p.m., Hearing Room A, 2nd Floor, One South Station, Boston, Massachusetts, at which oral comments will be received by the Division of Banks (the "Division") relative to the adoption of proposed amendments to 209 CMR 50.00: PARITY WITH FEDERAL CREDIT UNIONS. The purpose of the proposed amendments is to authorize state-chartered credit unions to exercise additional broadened investment authorities; to allow indirect lending authority for one category of loans and to clarify other lending authorities; to ease certain limitations relative to approval and notice requirements and maximum loan amounts; and to broaden the base of eligible loans for loan participation authorities. Additional changes may be made based on comments received at the public hearing or during the comment period.

The Division will also receive oral comments relative to the proposed amendments to 209 CMR 4.03: Security and Protection of Banks. The amendments would update cross references to federal regulations governing security programs for banking premises and customers of a bank.

Written comments may be submitted to the Division on the proposed amendments until 2:00 p.m. on Wednesday, April 19, 2006. Copies of the proposed amendments are available on the Division's web site, and copies may be obtained from, the Massachusetts Division of Banks, One South Station, Boston, Massachusetts 02110 or at www.mass.gov/dob/.

PLEASE NOTE: All publications of the Division of Banks are now delivered electronically. To subscribe, simply send an email to:

dobactivityreport-subscribe@listserv.state.ma.us

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 .