By the Division of Banks
This notice serves to inform you concerning activity involving hearings, decisions, and matters pending before either the Commissioner of Banks or the Board of Bank Incorporation.


BOARD OF BANK INCORPORATION

Hearings

June 23, 2011
City Council Chambers
Pittsfield City Hall
70 Allen Street
Pittsfield, Massachusetts

At 11:15 a.m.

Berkshire Hills Bancorp, Inc. (the "Petitioner"), Pittsfield, Massachusetts - permission to acquire Legacy Bancorp, Inc., Pittsfield, Massachusetts in a multi-step transaction. Legacy Bancorp, Inc. is the holding company for Legacy Banks, Pittsfield, Massachusetts. The Petitioner is the holding company for Berkshire Bank, Pittsfield, Massachusetts. Comment period ends June 27, 2011.

Applications/Notices Pending

Newburyport Five Cents Savings Bank, Newburyport - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Newburyport Five Cents Bancorp, MHC, with a mid-tier holding company, Newburyport Five Cents Bancorp, Inc. The continuing bank will operate under the name Newburyport Five Cents Savings Bank. Comment period extended to July 8, 2011.

People's United Financial, Inc. (the "Petitioner"), Bridgeport, Connecticut - permission to acquire Danvers Bancorp, Inc., Danvers, Massachusetts in a multi-step transaction. Danvers Bancorp, Inc. is the holding company for Danversbank, Danvers, Massachusetts. The Petitioner is the holding company for People's United Bank, Bridgeport, Connecticut. Comment period ended May 27, 2011.

DIVISION OF BANKS

Decisions/Notices

Community Bank (The), Brockton - permission to close branch offices located at 1) 1090 Main Street, Brockton; 2) 704 Main Street, Falmouth; and 3) 259-E Stevens Street, Hyannis - approved May 11, 2011.

Applications/Notices Pending

Berkshire Bank, Pittsfield and Legacy Banks, Pittsfield - permission to merge under the charter, by-laws and name of Berkshire Bank. Comment period ends June, 27, 20011

Boston Private Bank & Trust Company, Boston, Massachusetts - permission to close a branch office located at 6703 South 234th Street, Suite 100, Kent, Washington. Comment period ended May 18, 2011.

Bridgewater Savings Bank, Bridgewater - permission to close a branch office located at 620 County Road, Hanson. Comment period ended April 18, 2011.

Bridgewater Savings Bank, Bridgewater - permission to relocate a branch office from 115 Center Street, Pembroke to 27 Mattakeesett Street, Pembroke. Comment period ends June 14, 2011.

Cape Cod Five Cents Savings Bank, Harwichport - notice to establish a branch office at Zero Main Street, Nantucket. Filed May 25, 2011.

Danversbank, Danvers, Massachusetts and People's United Bank ("People's"), Bridgeport, Connecticut - permission to merge under the charter, by-laws and name of People's. The main office of People's would remain the main office of the continuing institution and the banking offices of Danversbank would be retained as branch offices. Comment period ended May 27, 2011.

East Boston Savings Bank, East Boston - notice to establish a branch office at 10 Elm Street, Danvers. Filed May 25, 2011.

Enterprise Bank and Trust Company, Lowell - permission to establish a branch office at 139 Bridge Street, Pelham, New Hampshire. Comment period ended May 21, 2011.

Newburyport Five Cents Savings Bank, Newburyport - permission to reorganize into a mutual holding company, Newburyport Five Cents Bancorp, MHC, with a mid-tier holding company, Newburyport Five Cents Bancorp, Inc. in a multi-step transaction. Comment period extended to July 8, 2011.

OneUnited Bank, Boston, Massachusetts - permission to close its branch office located at 2412 North State Road 7, Lauderdale Lakes, Florida. Comment period ended May 5, 2011.

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JUNE 2011 FILING DATE

Complete applications for the June Activity Report must be received by the Division or the Board on or before 5:00 P.M., Wednesday, June 15, 2011.




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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 UnionRatingDate of Examination

BankGloucester, Gloucester

HS

02/14/11

Mass Bay Credit Union, South Boston

S

11/22/10

Mechanics Co-operative Bank, Taunton

HS

01/24/11

Mercantile Bank and Trust Company, Boston

O

02/14/11

State Street Bank and Trust Company , Boston

O

01/18/11


Mortgage LenderRatingDate of Examination

First Residential Mortgage Network, Inc.

S

11/01/10

Superior Mortgage Corp.

S

11/08/10


CHECK CASHER LICENSES

Decisions

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 - approved May 13, 2011.

Applications Pending

Braz Transfers, Inc., Somerville - permission to operate a check casher office at 377 Somerville, Ave., Somerville. Comment period ended September 24, 2009.

Hidalgo Multiservices, Inc., Lawrence - permission to operate a check casher office at 174 South Union Street, Lawrence. Comment period ended March 7, 2011.

Jaya Multiple Services, Inc., Lawrence - permission to operate a check casher office at 268 Lawrence Street, Lawrence. Comment period ended March 2, 2011.

St. James Checking, Inc., Springfield - permission to operate a check casher office at 70 Main Street, Greenfield. Comment period ended September 7, 2010.

Wyman's Check Cashers LLC, Leominster - permission to operate a check casher office at 30 Pleasant Street, Leominster. Comment period ended April 20, 2011.

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BANK AND CREDIT UNION APPLICATION PROCESS TIMING

As a general rule, applications by banks and credit unions other than those that are subject to a review period set out in statute are intended to be processed and completed within the monthly cycle for which the bank and credit

Union applies. That review period for such processing is approximately 45 days or less from the date the application is filed with the Division. A decision on the application is generally issued within 5 business days after the review period is completed. The decision then will be reported on the monthly Activity Report for the month in which the decision was issued. The timing of the overall review process including the issuance of a decision and the listing on the monthly Activity Report will be dependent on the applicant's compliance with all statutory, regulatory and administrative requirements. Applications before the Massachusetts Board of Bank Incorporation are subject to separate timing schedules as set out in the applications of the Board.

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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

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May 2011