By the Division of Banks

BOARD OF BANK INCORPORATION

Decisions

Lehman Brothers Bank, FSB ("Lehman"), Wilmington, Delaware and Related Parties - permission to acquire Capital Crossing Bank ("Capital Crossing"), Boston, Massachusetts. As part of a multi-step transaction, Capital Crossing will merge with and into Lehman - approved February 13, 2007.

Applications Pending

Bay State Savings Bank, Worcester, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, 1895 MHC, with a mid-tier holding company, 1895 Corp. The continuing bank will operate under the name Bay State Savings Bank. Comment period ended January 25, 2007.

Marlborough Savings Bank, Marlborough, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Marlborough Bancshares, MHC, with a mid-tier holding company, Marlborough Bancshares, Inc. The continuing bank will operate under the name Marlborough Savings Bank. Comment period ended January 25, 2007.

Nuvo Bank and Trust Company, Springfield, Massachusetts - permission to establish a trust company. Comment period ended December 19, 2006.

Spencer Savings Bank, Spencer, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Spencer MHC, with a mid-tier holding company, Spencer Mid-tier Holding Company. The continuing bank will operate under the name Spencer Savings Bank. Comment period ended January 25, 2007.

The Toronto-Dominion Bank (the "Petitioner"), Toronto, Canada - permission to acquire 100% control of TD Banknorth Inc. and its banking subsidiary, TD Banknorth, N.A., Portland, Maine. The Petitioner had previously been approved by the Board of Bank Incorporation to control up to 70% of TD Banknorth Inc. Comment period ended February 16, 2007.

Veritas Bank, Lawrence, Massachusetts - permission to establish a savings bank. Comment period ended February 21, 2007.

DIVISION OF BANKS

Decisions/Notices

Aldenville Credit Union, Chicopee - notice to establish a branch office at 515 College Highway, Southwick - non-objection issued February 22, 2007.

Bridgewater Credit Union, Bridgewater - permission to close its branch office located at Bridgewater High School, 166 Mount Prospect Street, Bridgewater - approved February 21, 2007.

Bridgewater Credit Union, Bridgewater - permission to close its branch office located at 8 North Park Avenue, Plymouth - approved February 21, 2007.

Cambridge Portuguese Credit Union, Cambridge - permission to amend its by-laws to expand the associations which qualify persons for membership. The amendment relative to membership eligibility proposed to add membership for those who live, work or attend school in Middlesex County, Essex County, Norfolk County and Suffolk County. A subsequent amendment was filed which would extend membership only to Middlesex and Suffolk Counties and eight specified municipalities in Essex County. Additional changes were also set out in the proposed by-law - subsequent amendment approved February 21, 2007.

Capital Crossing Bank ("Capital Crossing"), Boston, Massachusetts and Lehman Brothers Bank, FSB ("Lehman"), Wilmington, Delaware - permission for the merger of Capital Crossing, with an interim federal savings association and a subsequent merger of Capital Crossing as the surviving entity with and into Lehman that will result in the banking office of Capital Crossing becoming a branch office of Lehman - approved February 13, 2007.

East Cambridge Savings Bank, Cambridge - permission to (1) purchase certain assets and assume certain deposit and other liabilities of the branch office of The First National Bank of Ipswich, Ipswich located at 2067 Massachusetts Avenue, Cambridge; and in connection therewith (2) establish and maintain a branch office at that location - approved February 28, 2007.

Enterprise Bank and Trust Company, Lowell - notice to establish a branch office at 255 Broadway, Methuen - non-objection issued February 16, 2007.

Grafton Suburban Credit Union, North Grafton - 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, work or attend school, as defined in the proposed by-law, in Worcester County. Additional changes are set out in the proposed by-law - approved February 26, 2007.

Hyde Park Savings Bank (The), Hyde Park - notice to establish a branch office at 1337 Beacon Street, Brookline - non-objection issued February 5, 2007.

Jeanne D'Arc Credit Union, Lowell - notice to establish a branch office at Homestead Village, 380 Merrimack Street, Methuen - non-objection issued February 21, 2007.

Middlesex Savings Bank, Natick - notice to establish a branch office at 598 Worcester Road, Route 9, Framingham - non-objection issued February 16, 2007.

Southbridge Savings Bank, Southbridge - permission to close its branch office located at 2370 Main Street, Route 67, West Warren - approved February 21, 2007.

Wainwright Bank & Trust Company, Boston - notice to establish a branch office at 1906-1918 Dorchester Avenue, Dorchester - non-objection issued February 27, 2007.

Workers' Credit Union, Fitchburg - notice to establish a branch office at 29 Smith Avenue, Orange - non-objection issued February 28, 2007.

Workers' Credit Union, Fitchburg - permission to close a branch office located at 12 North Main Street, Orange - approved February 28, 2007.

Applications/Notices Pending

Bay State Savings Bank, Worcester, Massachusetts - permission to reorganize into a mutual holding company, 1895 MHC, as part of a multi-step transaction. Comment period ended January 25, 2007.

Institution for Savings in Newburyport and its Vicinity ("Institution for Savings"), Newburyport, Massachusetts and Ipswich Co-operative Bank ("Ipswich"), Ipswich, Massachusetts - permission to merge under the charter, by-laws and name of Institution for Savings. The main office of Institution for Savings would remain the main office of the continuing institution and the banking offices of Ipswich would be retained as branch offices. Comment period ends March 19, 2007.

Marlborough Savings Bank, Marlborough, Massachusetts - permission to reorganize into a mutual holding company, Marlborough Bancshares, MHC, as part of a multi-step transaction. Comment period ended January 25, 2007.

Needham Co-operative Bank ("Needham"), Needham, Massachusetts and Dedham Co-operative Bank ("Dedham"), Dedham, Massachusetts - permission to merge under the charter and by-laws of Needham and name of Needham Bank. The main office of Needham would remain the main office of the continuing institution and the sole banking office of Dedham would be retained as a branch office. Comment period ends March 16, 2007.

Polish National Credit Union, Chicopee - notice to establish a branch office at 18 College Highway, Southhampton. Filed February 21, 2007.

Rockland Trust Company, Rockland - permission to close a branch office located at 1670 Main Street, Brockton. Comment period ends March 12, 2007.

Spencer Savings Bank, Spencer, Massachusetts - permission to reorganize into a mutual holding company, Spencer MHC, as part of a multi-step transaction. Comment period ended January 25, 2007.

MARCH 2007 FILING DATE

Complete applications for the March Activity Report must be received by the Division or the Board on or before 5:00 P.M., Thursday, March 15, 2007.

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").

Financial InstitutionRatingDate of Examination

Worcester Postal Credit Union

S

12/04/06

APPLICATIONS TO SELL INSURANCE

None

TEMPORARY CHECK CASHER LICENSES

Hearings

Wednesday, April 4, 2007
Holyoke City Hall
536 Dwight Street
Holyoke, Massachusetts

at 6:00 p.m.

St. James Checking, Inc., Springfield, Massachusetts - permission to operate a check casher office located at 2217 Northampton Street, Holyoke, Massachusetts. Comment period ends Wednesday, April 11, 2007.

Thursday, April 5, 2007
Southbridge Town Hall
Edgar McCann Meeting Room
41 Elm Street
Southbridge, Massachusetts

at 6:00 p.m.

St. James Checking, Inc., Springfield, Massachusetts - permission to operate a check casher office located at 543 Main Street, Southbridge, Massachusetts. Comment period ends Thursday, April 12, 2007.

Applications Pending

Fast Cash Corp., New Bedford, Massachusetts - permission to operate check casher offices at 211 Union Street, New Bedford and 194 Cover Street, New Bedford. Comment periods ended Thursday, December 21, 2006.

John Tamburo d/b/a Tamburo Check Cashing, Everett, Massachusetts - permission to operate a check casher office at 241 Beacham Street, Everett. Comment period ended 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.

Parrot Check Cashing, LLC, Cambridge, Massachusetts - permission to operate a check casher office located at 56 Creighton Street, Cambridge and a mobile check cashing service to serve the North Cambridge, Massachusetts area. Comment period ended Wednesday, February 28, 2007.

Pioneer Check Cashing, Inc., Springfield, Massachusetts - permission to operate a check casher office located within the Chestnut Package Store, 95 Chestnut Street, Springfield, Massachusetts. Comment period ended Tuesday, October 10, 2006.

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

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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 .