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Community Reinvestment Act

We are dedicated to safe and sound banking practices.

Under the Community Reinvestment Act (CRA), the Commissioner of Banks (Commissioner) or the Federal Reserve Bank of Boston (FRB) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The Commissioner and FRB also take this record into account when deciding on certain applications submitted by us.
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Your involvement is encouraged.

You are entitled to certain information about our operations and our performance under the CRA, including: locations of and services offered at our branches; the public section of our most recent CRA Performance Evaluation prepared by the Commissioner and FDIC; and comments received from the public relating to our performance in helping to meet the credit needs of the community and our responses to those comments. Visit any of our branches for this information.

At least 30 days before the beginning of each quarter, the Commissioner and Federal Reserve System publish a list of the banks that are scheduled for CRA examinations by the Reserve Bank in that quarter. That list is available from the Officer in Charge of Supervision, Federal Reserve Bank of Boston, 600 Atlantic Ave., Boston MA 02210.

You may send written comments about our performance in helping to meet community credit needs to the following addresses:

CRA Officer
Fall River Five Cents Savings Bank
79 North Main Street
Fall River, Massachusetts 02720

Office of the Commissioner of Banks
1000 Washington Street, 10th floor
Boston, Massachusetts 02118-6400

Officer in Charge of Supervision
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210

Your letter, together with any response by us, will be considered by the Commissioner and FRB in evaluating our CRA performance and may be made public.

You may also ask to look at any comments received by the FRB Officer in Charge of Supervision or Commissioner. You may also request from the FRB Officer in Charge of Supervision or the Commissioner an announcement of our applications covered by the CRA filed with the FRB. We are an affiliate of BankFive, Mutual Holding Company. You may request from the following address an announcement of applications covered by CRA filed by bank holding companies:

Officer in Charge of Supervision
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210
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