By the Division of Banks

BOARD OF BANK INCORPORATION

Hearings

June 3, 2008
Fifth Floor - Hearing Room A
One South Station
Boston, Massachusetts

At 10:30 a.m.

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 ends June 10, 2008.

At 11:00 a.m.

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 ends June 10, 2008.

Decisions

Veritas Bank, Lawrence, Massachusetts - permission to establish a savings bank - Certificate of Public Convenience and Advantage issued April 27, 2008.

Applications Pending

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.

Miscellaneous

Nuvo Bank & Trust Company, Springfield - Certificate to Transact Business issued April 24, 2008.

DIVISION OF BANKS

Decisions/Notices

Danversbank, Danvers - notice to establish a branch office at 775-781 Main Street, Waltham - non-objection issued April 29, 2008.

Institution for Savings in Newburyport and its Vicinity, Newburyport - notice to establish a branch office at Triton Regional High School, 112 Elm Street, Byfield - non-objection issued April 23, 2008.

Mt. Washington Co-operative Bank ("Mt. Washington"), South Boston and Roxbury-Highland Co-operative Bank ("Roxbury-Highland"), Jamaica Plain - permission to merge under the charter, by-laws and name of Mt. Washington. The main office of Mt. Washington would remain the main office of the continuing institution and the sole banking office of Roxbury-Highland would be retained as a branch office - approved April 30, 2008.

Mayflower Co-operative Bank, Middleboro - notice to establish a branch office at 63 Obery Street, Plymouth -non-objection issued April 10, 2008.

Northern Massachusetts Telephone Workers Community Credit Union, Lowell - notice to establish a branch office at the Cross Point Towers, Tower II, 900 Chelmsford Street, Lowell - non-objection issued April 1, 2008.

Applications/Notices Pending

Aldenville Credit Union, Chicopee - permission to close branch offices located (1) at 15 White Birch Plaza, Burnett Road, Chicopee and (2) within the Hampden County House of Correction, 627 Randall Road, Ludlow. Comment periods end May 15, 2008.

Eastern Bank, Boston - notice to establish a branch office at 90 Everett Avenue, Chelsea. Filed April 30, 2008. A publication of May 1, 2008 set a comment period of May 15, 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 ends June 10, 2008.

Enterprise Bank and Trust Company, Lowell, Massachusetts - permission to establish a branch office at 47 Crystal Avenue, Derry, New Hampshire. Filed March 5, 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 ends June 10, 2008.

Luso American Credit Union, Peabody - notice to establish a branch office at 4 Colon Street, Beverly. Filed April 28, 2008.

Medway Co-operative Bank, Medway - notice to establish a branch office at 2 South Maple Street, Bellingham. Filed April 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.

River Bank, North Andover, Massachusetts - permission to establish a branch office at 51 Crystal Avenue, Derry, New Hampshire. Filed February 1, 2008.

Sharon Credit Union ("Sharon"), Sharon and North Attleboro Federal Credit Union ("North Attleboro"), North Attleborough - permission to merge under the charter, by-laws and name of Sharon. The main office of Sharon would remain the main office of the continuing institution and the sole banking office of North Attleboro would be retained as a branch office. Comment period ends May 15, 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. Comment period ends May 13, 2008.

MAY 2008 FILING DATE

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

Athol Savings Bank, Athol

HS

12/10/07

Cape Cod Co-operative Bank, Yarmouth Port

HS

11/20/07

North Easton Savings Bank, North Easton

S

12/17/07

RiverBank, North Andover

O

11/12/07

APPLICATIONS TO SELL INSURANCE

Bristol County Savings Bank, Taunton - approved April 14, 2008.
Jeanne D-Arc Credit Union, Lowell - pending
Premier Source Credit Union, East Longmeadow - approved April 17, 2008.
Weymouth Bank, Weymouth - pending
Winchester Savings Bank, Winchester - approved April 30, 2008.

CHECK CASHER LICENSES

Applications Pending

E-Z Telecom Corporation, Chelsea Massachusetts - permission to operate a check casher office at 227 Broadway, Chelsea, Massachusetts. Comment period ended March 11, 2008.

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.

THE COMMONWEALTH OF MASSACHUSETTS

EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE

AND

DIVISION OF BANKS

NOTICE OF PUBLIC HEARING

Pursuant to the provisions of Massachusetts General Laws chapter 255F and in accordance with the provisions of Massachusetts General Laws chapter 30A, section 2, a joint public hearing will be held on Wednesday, May 28, 2008 at 10:00 a.m., Hearing Room A, 5 th Floor, One South Station, Boston, Massachusetts at which comments will be received by the Executive Office for Administration and Finance and the Division of Banks (the "Division") relative to the establishment of fees under regulation 801 CMR 4.02 in connection with the required mortgage loan originator education courses under Chapter 206 of the Acts of 2007.

SECTION 15 of Chapter 206 of the Acts of 2007 establishes a new chapter, Chapter 255F, in the General Laws which creates a licensing, examination and supervisory system for the regulation of individuals who act as mortgage loan originators in the Commonwealth. Educational requirements for an applicant for a mortgage loan originator license and continuing education requirements for licensees are set forth in sections 3 and 6, respectively, of Chapter 255F. Specifics of these requirements, as determined by the Commissioner, are set forth in Regulatory Bulletin 5.1-105.

The fees that are being established relate to the Division-s review and approval of the entities providing the educational courses as well as a separate fee for the Division's review and approval of the curricula of the various courses. The proposed fee for a residential mortgage lending education course curriculum is $250, and the proposed fee for a residential mortgage lending continuing education course curriculum is $125 per course. In addition, the proposed fee for the residential mortgage course provider, for either a residential mortgage lending education course curriculum or a residential mortgage lending continuing education course curriculum, is $250.

Written comments may be submitted to the Division on the proposed fees until 5:00 p.m. on Wednesday, May 28, 2008. Copies of the proposed fees are available at, 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 .