BOARD OF BANK INCORPORATION
Charles River Bank, Medway - permission to establish a mutual co-operative bank in conjunction with its multi-step reorganization into a mutual holding company, Charles River Bancorp, MHC, with a mid-tier holding company, Charles River Bancorp, Inc. The continuing bank will operate under the name Charles River Bank - approved November 16, 2009.
DIVISION OF BANKS
Charles River Bank, Medway - permission to reorganize into a mutual holding company, Charles River Bancorp, MHC, with a mid-tier holding company, Charles River Bancorp, Inc. as part of a multi-step transaction - approved November 16, 2009.
Citizens-Union Savings Bank, Fall River - notice to establish a branch office at 1000 Ashley Boulevard, New Bedford - non-objection issued November 10, 2009.
East Boston Savings Bank, East Boston - notice to establish a branch office at 126 Squire Road, Revere - non-objection issued November 24, 2009.
Mansfield Co-operative Bank, Mansfield - notice to establish a branch office at 73 Belmont Street, Easton- non-objection issued November 24, 2009.
Bridgewater Savings Bank ("Bridgewater"), Raynham and East Bridgewater Savings Bank ("East Bridgewater"), East Bridgewater - permission to merge under the charter, by-laws and name of Bridgewater. The main office of Bridgewater would remain the main office of the continuing institution and the banking offices of East Bridgewater would be retained as branch offices. Comment period ended November 20, 2009.
Danversbank, Danvers - permission to close a branch office located at 100 Cummings Center, Beverly. Comment period ended November 23, 2009.
First Priority Credit Union, Boston - permission to close a branch office located at 155 Father Morrissette Boulevard, Lowell. Comment period ended November 11, 2009.
First Priority Credit Union, Boston - permission to close a branch office located at 200 Smith Street, Waltham. Comment period ended November 12, 2009.
DECEMBER 2009 FILING DATE
Complete applications for the December Activity Report must be received by the Division or the Board on or before 5:00 P.M., Tuesday, December 15, 2009.
COMMUNITY REINVESTMENT ACT DESCRIPTIVE RATINGS AND EVALUATIONS
WHICH BECAME PUBLIC DURING THE MONTH
The following state-chartered banks and credit unions and licensed mortgage lenders have Community Reinvestment Act descriptive ratings and evaluations describing the basis for the rating issued by the Division of Banks. The ratings, as set out in statute, for a bank's or credit union's record of meeting community credit needs are: Outstanding ("O"); High Satisfactory ("HS"); Satisfactory ("S"); Needs to Improve ("NI"); and Substantial Noncompliance ("SNC"). Licensed mortgage lenders are also assigned one of these ratings to describe their record of meeting the mortgage credit needs in the Commonwealth of Massachusetts.
A consolidated list of all ratings can be found at www.mass.gov/dob.
A copy of an individual CRA evaluation is available directly from the bank, credit union, or mortgage lender which is required by law to make the material available upon request, or from the Division's web site.
|Bank/Credit Union||Rating||Date of Examination|
Abington Bank, North Abington
Holyoke Credit Union, Holyoke
Hyde Park Savings Bank, Hyde Park
|Mortgage Lender||Rating||Date of Examination|
Radius Financial Group Incorporated
Shamrock Financial Corporation
APPLICATIONS TO SELL INSURANCE
First Priority Credit Union - pending
Greater Springfield Credit Union - pending
Marblehead Bank - pending
Needham Bank - pending
CHECK CASHER LICENSES
Bennington Convenience Store, Inc. d/b/a Sava's Market, East Boston - permission to operate a check casher office at 150 Bennington Street, East Boston. Comment period ended June 18, 2009.
Braz Transfers, Inc., Somerville, Massachusetts - permission to operate a check casher office at 377 Somerville, Ave., Somerville. Comment period ended September 24, 2009.
Castleridge, Inc., Fitchburg, Massachusetts - permission to operate a check casher office at 442 Mechanic Street, Fitchburg. Comment period ended November 20, 2008.
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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 .