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2018 Institutions Examined for CRA Compliance

The Division of Banks (DOB) evaluates the institution's record of meeting the credit needs of its entire assessment area. This includes low and moderate-income neighborhoods, consistent with the safe and sound operation of the institution. When the examination is complete the DOB issues a rating and public evaluation.
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Table of Contents

Institutions with a 2018 published rating

Institution Location Rating
BayCoast Bank Fall River    HS
Beverly Bank Beverly     S
Brookline Bank Brookline     S
Brookline Municipal Credit Union Brookline     S
Cambridge Savings Bank Cambridge     O
Cape Cod Co-Operative Bank Hyannis     S
Century Bank and Trust Company Somerville    HS
City of Boston Credit Union Boston     S
Coastal Heritage Bank Weymouth     S
Community Credit Union of Lynn Lynn     S
Dedham Institute for Savings Dedham     S
Eastern Bank Lynn     O
Florence Bank Florence    HS
HarborOne Bank Brockton     O
Haverhill Bank Haverhill     S
Hingham Institution for Savings Hingham     O
Hometown Bank Oxford    HS
Institution for Savings in Newburyport Newburyport     S
Lowell Five Cent Savings Bank Lowell     S
Luso-American Credit Union Peabody     S
Mansfield Co-Operative Bank Mansfield     S
Marblehead Bank Marblehead     S
Mechanics Co-operative Bank Tauton    HS
Melrose Bank Melrose     S
MountainOne Bank North Adams     S
MutualOne Bank Framingham    HS
Needham Bank Needham     S
North Easton Savings Bank North Easton     S
PeoplesBank Holyoke     S
Salem Five Cents Saving Bank Salem     S
Savers Co-Operative Bank Southbridge    HS
Seamen's Bank Provincetown     O
South Shore Bank Weymouth     S
St. Vincent Hospital Credit Union Worcester     S
The Bank of Canton Canton     S
The Village Bank Newton     S
Washington Savings Bank Lowell     O
Winchester Savings Bank Winchester     S

Key to ratings

  • O - Outstanding
  • HS - High Satisfactory
  • S - Satisfactory
  • NI - Needs to Improve
  • SNC - Substantial Noncompliance

These ratings are not, nor should they be interpreted as an assessment of the financial condition of these institutions. The assigned ratings do not represent an analysis, conclusion, or opinion of the DOB concerning the safety and soundness of these financial institutions.

Public evaluations

The public portion of the evaluation generally contains:

  • The institution's CRA rating
  • A description of the financial institution
  • A description of the financial institution's assessment area
  • Conclusions about the institution's CRA performance, including the facts, data, and analyses that were used to form such conclusions

Most Massachusetts chartered banks are also examined for compliance with the Federal CRA by the Federal Deposit Insurance Corporation and the Federal Reserve System.

Last updated: January 1, 2019
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