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  • Division of Banks

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.

Table of Contents

Institutions with a 2018 published rating

InstitutionLocationRating
BayCoast BankFall RiverHS
Beverly BankBeverlyS
Brookline BankBrooklineS
Brookline Municipal Credit UnionBrooklineS
Cambridge Savings BankCambridgeO
Cape Cod Co-Operative BankHyannisS
Century Bank and Trust CompanySomervilleHS
City of Boston Credit UnionBostonS
Coastal Heritage BankWeymouthS
Community Credit Union of LynnLynnS
Dedham Institute for SavingsDedhamS
Eastern BankLynnO
Florence BankFlorenceHS
HarborOne BankBrocktonO
Haverhill BankHaverhillS
Hingham Institution for SavingsHinghamO
Hometown BankOxfordHS
Institution for Savings in NewburyportNewburyportS
Lowell Five Cent Savings BankLowellS
Luso-American Credit UnionPeabodyS
Mansfield Co-Operative BankMansfieldS
Marblehead BankMarbleheadS
Mechanics Co-operative BankTautonHS
Melrose BankMelroseS
MountainOne BankNorth AdamsS
MutualOne BankFraminghamHS
Needham BankNeedhamS
North Easton Savings BankNorth EastonS
PeoplesBankHolyokeS
Salem Five Cents Saving BankSalemS
Savers Co-Operative BankSouthbridgeHS
Seamen's BankProvincetownO
South Shore BankWeymouthS
St. Vincent Hospital Credit UnionWorcesterS
The Bank of CantonCantonS
The Village BankNewtonS
Washington Savings BankLowellO
Winchester Savings BankWinchesterS

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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