By the Division of Banks

BOARD OF BANK INCORPORATION

Applications Pending

Eastern Bank Corporation (the "Petitioner"), Boston, Massachusetts - permission to acquire MASSBANK Corp., and its subsidiary bank, MASSBANK, Reading, Massachusetts. The Petitioner is the mutual holding company for Eastern Bank, Boston, Massachusetts. Comment period ends July 21, 2008.

Easthampton Savings Bank, Easthampton, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, ESB Bancorp, MHC, with a mid-tier holding company, ESB Bancorp, Inc. The continuing bank will operate under the name Easthampton Savings Bank. Comment period ended June 10, 2008.

Greenfield Co-operative Bank, Greenfield - permission to establish a mutual co-operative bank in conjunction with its multi-step reorganization into a mutual holding company, Greenfield Bancorp MHC. The continuing bank will operate under the name Greenfield Co-operative Bank. Comment period ends July 3, 2008.

Hyde Park Savings Bank, Hyde Park, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Hyde Park Bancorp, MHC. The continuing bank will operate under the name Hyde Park Savings Bank. Comment period ended June 10, 2008.

OneUnited Bank, Boston, Massachusetts - permission to become a bank holding company through the formation of a federally chartered savings bank in connection with its proposed reorganization from a Massachusetts-chartered trust company into a federally-chartered savings bank in a holding company structure. The continuing bank will be known as OneUnited Bank, FSB. Comment period ended October 24, 2007.

Power Corporation of Canada and Power Financial Corporation, Montreal, Quebec, Canada (the "Petitioners") - permission to acquire ownership and control of Putnam Fiduciary Trust Company, a de novo New Hampshire-chartered nondepository trust company (in formation). The acquisition is part of the corporate reorganization of Putnam Fiduciary Trust Company, Boston, Massachusetts, a Massachusetts-chartered trust company and indirect subsidiary of the Petitioners. Comment period ended January 31, 2008.

Southbridge Savings Bank, Southbridge - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Green Valley Bancorp, MHC, with a mid-tier holding company, Green Valley Bancorp, Inc. The continuing bank will operate under the name Southbridge Savings Bank. Comment period ends July 3, 2008.

DIVISION OF BANKS

Decisions/Notices

Freedom Credit Union, Springfield - notice to establish a branch office at 74 Main Street, Greenfield - non-objection issued June 26, 2008.

Southbridge Savings Bank, Southbridge - permission to relocate a branch office from 82 Worcester Road, Webster to 86 Worcester Road, Webster - approved June 26, 2008.

University 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 students and alumni of educational institutions, as defined, located in Norfolk County, Middlesex County, Suffolk County and Essex County. Additional changes are set out in the proposed by-law. By-law proposal was revised to delete the reference to alumni - approved June 24, 2008.

Applications/Notices Pending

Eastern Bank ("Eastern"), Lynn and MASSBANK, Reading - permission for the merger of MASSBANK with and into Eastern. The main office of Eastern would remain the main office of the continuing institution and the banking offices of MASSBANK would be retained as branch offices. Comment period ends July 21, 2008.

Easthampton Savings Bank, Easthampton - permission to reorganize into a mutual holding company, ESB Bancorp, MHC, with a mid-tier holding company, ESB Bancorp Inc., as part of a multi-step transaction. Comment period ended June 10, 2008.

Greenfield Co-operative Bank, Greenfield - permission to reorganize into a mutual holding company, Greenfield Bancorp MHC, as part of a multi-step transaction. Comment period ends July 3, 2008.

Haverhill Bank, Haverhill and Northeast Community Credit Union ("Northeast"), Haverhill - permission to merge under the charter, by-laws and name of Haverhill Bank. The main office of Haverhill Bank would remain the main office of the continuing institution and the banking offices of Northeast would be retained as branch offices. Comment period ended January 10, 2008.

Hyde Park Savings Bank, Hyde Park - permission to reorganize into a mutual holding company, Hyde Park Bancorp, MHC as part of a multi-step transaction. Comment period ended June 10, 2008.

Mechanics' Co-operative Bank ("Mechanics'"), Taunton and Lafayette Federal Savings Bank ("Lafayette"), Fall River - permission for the merger of Lafayette with and into Mechanics'. The main office of Mechanics' would remain the main office of the continuing institution and the banking offices of Lafayette would be retained as branch offices. Comment period ends July 21, 2008.

Northeast Community Credit Union, Haverhill - notice to establish a branch office located at Whittier Regional Vocational Technical High School, 115 Amesbury Line Road, Haverhill. Filed May 28, 2008.

OneUnited Bank, Boston - permission to merge with and into a newly formed federally-chartered savings bank, OneUnited Bank, FSB. Comment period ended October 24, 2007.

Putnam Fiduciary Trust Company ("Putnam, MA"), Boston, Massachusetts - permission to merge with and into Putnam Fiduciary Trust Company ("Putnam, NH"), New Hampshire (in formation), a nondepository trust company. The main office of Putnam, MA will remain the main office of Putnam, NH. Comment period ended January 31, 2008.

St. Jeans Credit Union, Lynn - permission to relocate its main office from 527 Western Avenue, Lynn to 250 Maple Street, Lynn. Comment period ended June 25, 2008.

Southbridge Savings Bank, Southbridge - permission to reorganize into a mutual holding company, Green Valley Bancorp, MHC, with a mid-tier holding company Green Valley Bancorp, Inc., as part of a multi-step transaction. Comment period ends July 3, 2008.

Southern Mass Credit Union, Fairhaven - notice to establish a branch office located between 2942 Acushnet Avenue, New Bedford and 2914 Acushnet Avenue, New Bedford. Filed June 20, 2008.

JULY 2008 FILING DATE

Complete applications for the July Activity Report must be received by the Division or the Board on or before 5:00 P.M., Tuesday, July 15, 2008.

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

Cambridge Savings Bank, Cambridge

HS

08/20/07

Chicopee Municipal Employees Credit Union, Chicopee

S

05/05/08

Dedham Institution for Savings, Dedham

S

03/10/08

Lawrence Postal Employees Credit Union, Lawrence

S

05/01/08

Malden City Employees Credit Union, Malden

S

05/01/08

Mt. Washington Co-operative Bank, South Boston

S

11/19/07

Randolph Savings Bank, Randolph

S

07/17/07

Winchester Co-operative Bank, Winchester

S

02/14/08

APPLICATIONS TO SELL INSURANCE

Weymouth Bank, Weymouth - pending

CHECK CASHER LICENSES

Hearings

July 21, 2008
Worcester City Hall, Room 310
455 Main Street
Worcester, Massachusetts

At 6:00 p.m.

The Store at Providence Street, Inc. D/B/A The Store, Worcester, Massachusetts - permission to operate a check casher office located at 88 Providence Street, Worcester, Massachusetts. Comment period ends July 28, 2008.

July 22, 2008
Marlborough Public Library
35 West Main Street
Marlborough, Massachusetts

At 6.00 p.m.

Juma Grocery and Check Services, LLC, Marlborough, Massachusetts - permission to operate a check casher office located at 55 Mechanic Street, Marlborough, Massachusetts. Comment period ends July 29, 2008.

July 24, 2008
Lawrence City Hall
200 Common Street
Lawrence, Massachusetts

At 6.00 p.m.

All Checks Cashed, Inc. Boston, Massachusetts - permission to operate a check casher office located at 9 Broadway, Lawrence, Massachusetts. Comment period ends July 31, 2008.

Decisions

E-Z Telecom Corporation, Chelsea Massachusetts - permission to operate a check casher office at 227 Broadway, Chelsea, Massachusetts - approved June 19, 2008.

Applications Pending

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 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 February 28, 2007.

Worcester CheckCashers, Inc., Worcester, Massachusetts - permission to operate a check casher office located at 91 Stafford Street, Worcester, Massachusetts. Comment period ends July 2, 2008.

THE COMMONWEALTH OF MASSACHUSETTS

DIVISION OF BANKS

NOTICE OF PUBLIC HEARING

Pursuant to the provisions of Massachusetts General Laws chapter 255E, section 8, and in accordance with Massachusetts General Laws chapter 30A, section 2, a public hearing will be held on Tuesday, July 29, 2008 at 10:00 a.m., One South Station, Hearing Room A on the 5th Floor, Boston, Massachusetts, at which oral comments will be received by the Division of Banks relative to the establishment of a proposed new regulation, 209 CMR 54.00: MORTGAGE LENDER COMMUNITY INVESTMENT.

The proposed regulation implements a recent amendment to section 8 of chapter 255E of the General Laws, which establishes a requirement for evaluating certain mortgage lenders' records of meeting the mortgage credit needs of the Commonwealth. This provision applies to licensed lenders who make 50 or more residential mortgage loans in the previous calendar year by establishing performance tests, standards for evaluation, and ratings to be assigned evaluating each mortgage lender's record of meeting specified mortgage credit needs in Massachusetts. This record will include efforts to meet residential mortgage credit needs in low- and moderate-income neighborhoods, consistent with the safe and sound operation of the mortgage lender. Under these provisions, the Commissioner must examine a lender for compliance with the new requirements and issue a public rating of the lender's performance and may take a lender's performance rating into consideration in a license renewal application or other application to the Division. This amendment to section 8 of said chapter 255E was added by SECTION 13 of Chapter 206 of the Acts of 2007.

Written comments may be submitted to the Division on the proposed regulation until 5:00 p.m. on August 1, 2008. A copy of the proposed regulation is available at, and may be obtained from, the Massachusetts Division of Banks, One South Station, Boston, Massachusetts 02110 or at www.mass.gov/dob/.

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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 .