This report summarizes innovative activities from banks’ Community Reinvestment Act (CRA) performance evaluations in the areas of job creation, education and workforce development, and transportation and affordable housing. By providing real-world examples of situations in which banks received CRA credit in these areas, we hope other banks will consider pursuing similar opportunities in the areas they serve for which they can receive CRA consideration, thus promoting economic growth and prosperity in these communities.

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Lending - Small Business

Meridian Bank (page 21)

In 2016, the bank originated two loans totaling $3.1 million through the U.S Small Business Association’s (SBA’s) 504 loan program. This loan program provides permanent and bridge financing for eligible small businesses that would otherwise not be able to obtain conventional financing. Meridian Bank financed both loans through the South Eastern Economic Development Council of PA (SEEDSCO PA), a CDC.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PANJ- DE-Maryland MSA
Regulator: FDIC
Lending - Early Childhood Education

Meridian Bank (page 21)

In July 2015, the bank refinanced a $1.8 million commercial mortgage with Mercy Neighborhood Ministries of Philadelphia, Inc. The organization provides services for LMI individuals in North Philadelphia, including early education and youth development, senior healthcare services, and adult education classes.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PANJ- DE-MD MSA
Regulator: FDIC
Investment - Early Childhood Education

Meridian Bank (page 23)

During the review period, the bank made 33 donations totaling $161,000 to eligible schools and non-profit organizations under the PA Educational and Improvement Tax Credit Scholarship program. The program includes the following three sub-programs: Educational Improvement Organizations, Scholarship Organizations, and Pre- Kindergarten Scholarship Organizations. Under each program, corporations can receive tax credits up to 90 percent of the donation amount made in the form of scholarships to eligible organizations. Each of these qualifying donations went to schools or organizations that target their programs to LMI individuals in the assessment area.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PANJ- DE-MD MSA
Regulator: FDIC
Lending - Affordable Housing

Meridian Bank (page 20)

In October 2016, Meridian Bank made a $2.1 million commercial construction loan to a business to acquire 16 vacant lots and construct affordable homes in the Kensington neighborhood of Northeast Philadelphia. The project is located in a HUD-designated Empowerment Zone and made in conjunction with the Philadelphia Redevelopment Authority’s 'Workforce Housing Initiative'.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PA-NJ- DE-MD MSA
Regulator: FDIC
Lending - Affordable Housing

Meridian Bank (page 20)

In March 2015, the bank refinanced an $800,000 loan to acquire and rehabilitate three multi-family apartment buildings, including 19 residential units. All units are located within a moderate-income census tract and rented between 65 and 70 percent of the Philadelphia County FMR. In March 2016, the bank refinanced the loan and provided an additional $1.8 million to acquire and improve 11 new affordable apartments. All 11 units are rented between 60 and 68 percent of the HUD FMR for Philadelphia County.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PA-NJ- DE-MD MSA
Regulator: FDIC
Investment - Affordable Housing

Meridian Bank (page 22)

The bank invested $1.0 million in 2015 and $1.0 million in 2016 in a loan fund as part of a low-income housing tax credit program. The fund is used to finance affordable housing complexes throughout the bank’s assessment area and the greater regional area surrounding the assessment area.

Performance Evaluation: 11/8/2016
Geography: Philadelphia-Camden-Wilmington, PA-NJ- DE-MD MSA
Regulator: FDIC
Investment - Small Business

Penn Community Bank (page 18)

In 2016, the bank funded $2.4 million of a $4 million commitment to in two Small Business Investment Companies (SBICs). The SBIC program, which is sponsored by the U.S. Small Business Administration, provides equity and debt investments in qualified small businesses.

Performance Evaluation: 9/26/2016
Geography: Montgomery County-Bucks County-Chester County, PA Metropolitan Division (MD)
Regulator: FDIC
Lending - Affordable Housing

Penn Community Bank (page 17)

In 2013 and 2014, the bank made 10 loans totaling $6.9 million to a for-profit real estate developer. Proceeds were used for the land acquisition and construction of 66 townhouses in a planned affordable housing community in downtown Pottstown, Montgomery County, PA. The housing project, which is located on a vacant industrial site within a low-income census tract, is part of a Pottstown Borough revitalization plan and a downtown improvement plan. After construction, the townhouses will be sold or rented to qualified lower-income individuals or families. This project will revitalize a low-income census tract within the broader regional area.

Performance Evaluation: 9/26/2016
Geography: Montgomery County-Bucks County-Chester County, PA Metropolitan Division (MD)
Regulator: FDIC
Lending - Small Business

The Fidelity Deposit and Discount Bank (page 16)

In 2014, FDD originated two loans totaling approximately $2.7 million a business for the purchase and renovation of a 4-story building in a low-income CT in downtown Scranton. The financing included interim SBA 504 financing. The commercial building improvements will help revitalize and stabilize the low-income area by creating jobs and helping retain existing businesses and attract new businesses.

Performance Evaluation: 9/20/2016
Geography: Scranton, PA
Regulator: FDIC
Lending - Affordable Housing

The Fidelity Deposit and Discount Bank (page 16)

In 2014, FDD originated a $1.3 million loan to refinance an 85-unit affordable apartment complex located in a low-income CT in Scranton. The property serves low- and moderate income seniors and utilizes Low-Income Housing Tax Credits and Community Development Block Grants to make rent affordable.

Performance Evaluation: 9/20/2016
Geography: Scranton, PA
Regulator: FDIC
Investment - Early Childhood Education

Safra National Bank of New York (page 15)

Safra made three contributions totaling $54,000 to Michael-Ann Russell Jewish Community Center. The Center serves low- to moderate-income individuals and families in the Miami-Dade County by providing summer camps, early childhood education, and special needs program to its qualifying participants.

Performance Evaluation: 6/13/2016
Geography: State of Florida AA
Regulator: OCC
Investment - Early Childhood Education

Somerset Trust Company (page 48)

Indian Head Christian Family and Children’s Center – The bank contributed $5,000 to this center. The Center is a community resource and service facility offering several programs such as a preschool program, counseling center, library, and pregnancy resource center. Approximately 54 percent of children attending the school are eligible for free or reduced-price lunches under the National School Lunch Program.

Performance Evaluation: 6/7/2016
Geography: Pittsburgh, PA MSA
Regulator: FDIC
Lending - Affordable Housing

Somerset Trust Company (page 48)

During the review period, the bank originated five separate multi-family loans totaling $762,000, which provided affordable housing to low- and moderate-income individuals in this assessment area.

Performance Evaluation: 6/7/2016
Geography: Pittsburgh, PA AA
Regulator: FDIC
Lending - Affordable Housing

ACNB Bank (page 22)

In 2013, ACNB originated two loans, totaling $475,000, to a nonprofit rescue mission that supports affordable housing for low- and moderate-income individuals in Adams County. The rescue mission also offers programs that provide opportunities for displaced women and families to become integrated into the local community.

Performance Evaluation: 3/15/2016
Geography: Adams, Cumberland, and York Counties, PA (Harrisburg-York-Lebanon, PA CSA)
Regulator: FDIC
Investment - Affordable Housing

Presidio Bank (page 17)

One investment for $5.0 million for a Low‐Income Housing Tax Credit (LIHTC) that will help create 240 units of affordable housing.

Performance Evaluation: 2/8/2016
Geography: San Francisco Bay, CA AA
Regulator: San Francisco Fed
Lending - Economic Development

QNB Bank (page 32)

In 2014, QNB Bank provided $2.7 million funding the construction of a manufacturing facility located Bucks County in support of economic development. The new facility created new jobs in a moderate-income census tract.

Performance Evaluation: 1/25/2016
Geography: Bucks County, PA
Regulator: FDIC
Lending - Workforce Development

MidAmerica National Bank (page 9)

MNB originated a $1.3 million loan to fund the construction of a Goodwill store located in Macomb, Illinois. The Goodwill store is located in a distressed middle-income census tract. The Goodwill store provides jobs and job training to disadvantaged individuals, as well as providing low cost retail goods to the area.

Performance Evaluation: 1/4/2016
Geography: Macomb, IL
Regulator: OCC
Investment - Small Business

Synchrony Bank (page 10)

SYB [Synchrony] has invested $6 million in three Small Business Investment Corporations (SBIC). Each of these SBICs vary in target activity from traditional private equity funds by using a mixed loan and equity approach to enhance the growth and job creation opportunities of existing businesses. With the combination of debt and equity, the funds create more leverage in its resources while stabilizing and advancing core financial needs of these companies. The bank also continued holding three SBIC investments made in prior evaluation periods that offered both traditional private equity investing as well as debt based support to companies that could not obtain traditional bank financing. The SBICs provide financing to businesses in the bank’s AAs as well as in broader regional and national markets.

Performance Evaluation: 12/31/2015
Geography: State of Utah AA
Regulator: OCC
Investment - Small Business

American Express Bank, FSB (page 9)

FSB committed $10 million in three investment funds to the SBIC. FSB’s SBIC investments represent a mixed loan and equity approach to support growth and job creation opportunities in small businesses in Utah. During the evaluation period, the CCD expanded support of SBIC with LFE Growth Fund to better reach and support women owned small businesses as a new area of focus.

Performance Evaluation: 12/31/2015
Geography: Salt Lake City, UT MSA
Regulator: OCC
Lending - Economic Development

Synchrony Bank (page 20)

SYB [Synchrony] provided a $5 million loan to Grameen America, Inc. to increase innovative micro lending to women in the NY/NJ regional area. The loan responds to the community needs by supporting economic development efforts. Grameen America supports entrepreneurial activities for women who have mostly been left out of our economic recovery, and no other microfinance organization in the US reaches women at the scale achieved by Grameen America. Grameen America’s group lending model provides critical financial products and direct services to low-income women in eleven U.S. cities. These individuals largely lack access to capital and credit that can help them work their way out of poverty. SYB has demonstrated leadership and responsiveness by extending the credit to Grameen America who seeks to provide opportunities to low income women through affordable capital, credit building, financial education, savings accounts and a network of peer support.

Performance Evaluation: 12/31/2015
Geography: State of New Jersey AA
Regulator: OCC
Lending - Economic Development

American Express Bank, FSB (page 10)

FSB provided a $1 million line of credit commitment to the Salt Lake County Economic Development Revolving Loan Fund. In April of 2015, FSB increased its commitment by $500,000 after purchasing GE Capital Bank’s participation. FSB purchased the participation in an effort to avoid disruption in providing economic development within the AA. The loan is a partnership with Salt Lake County to leverage CDBG funds to promote economic development by financing small business borrowers within the AA. The fund supports Small Businesses not eligible for traditional bank loans and required new underwriting skills focused on the risk of the loan as well as capacity of the organization to reach growth goals. The program requires one new LMI job created for every $35,000 loaned to the business. FSB disbursed $269,600 in loans to seven small businesses in Salt Lake County, which contributed to the creation of 79 jobs.

Performance Evaluation: 12/31/2015
Geography: Salt Lake City, UT MSA
Regulator: OCC
Lending - Transportation

Synchrony Bank (page 12)

SYB [Synchrony] team members participated in a community effort to identify ways to connect affordable housing solutions to existing and future transit lines because the live-work relationship is critical for LMI families that may not have independent transportation. The results of the advisory activities of the Transportation Oriented Development (TOD) task group and the Envision Utah lead committees was a report that laid out the business plan for a transportation oriented development fund (TOD Fund). Once a nonprofit sponsor of the fund was identified, multiple banks worked with the nonprofit to create a multibank loan fund which SYB participates in with a $7 million line of credit. The borrower, Utah Equitable TOD Fund, is a public-private pool of funds in a complex and responsive agreement. SYB’s CRA officer was instrumental in finalizing the term sheet and worked with the various parties to arrive at the final agreement that governs the fund.

Performance Evaluation: 12/31/2015
Geography: State of Utah AA
Regulator: OCC
Lending - Affordable Housing

American Express Bank, FSB (page 6)

FSB demonstrates extensive use of innovative or complex qualified investments, CD loans and services. FSB invested in complex qualified investments and CD loans in Low Income Housing Tax Credits (LIHTCs), Community Development Grant (CDBG) funding, Small Business Investment Corporation (SBIC), and TOD projects that generated 2,628 affordable housing units. FSB has approximately 18 percent of the Low Income Housing Tax Credits (LIHTCs) market share in the state of Utah with a number of highly customized projects with associated regulatory, financial and tax reporting issues.

Performance Evaluation: 12/31/2015
Geography: Salt Lake City, UT MSA
Regulator: OCC
Investment - Affordable Housing/ Transportation

American Express Bank, FSB (page 8)

The Station at Midvale, a new $11 million TOD investment, is an example of an innovative and complex LIHTC projects benefiting the AA. The TOD LIHTC transition involved complexities pertaining to FSB underwriting, due diligence, and partnership with the city of Midvale as one of the first brownfield revitalization projects in the area. This investment led to other mixed use housing developments and greater employment opportunities with large employers. The project meets Enterprise Green Certification, reducing monthly utility costs for cost burdened LMI individuals.

Performance Evaluation: 12/31/2015
Geography: Salt Lake City, UT MSA
Regulator: OCC
Investment - Affordable Housing/ Transportation

American Express Bank, FSB (page 6)

FSB invested in two new complex TOD transactions that involved working with multiple parties to coordinate infrastructure components. TOD developments are new and critical to Utah, creating walkable communities for low-and-moderate income individuals and families by providing better access to jobs, housing, and services while reducing greenhouse gas emissions. FSB also invested in three SBIC transactions during the examination period that required additional underwriting and due diligence while expanding economic development support to women owned small businesses populations, not previously focused on.

Performance Evaluation: 12/31/2015
Geography: Salt Lake City, UT MSA
Regulator: OCC
Lending - Affordable Housing

CNB Bank (page 38)

In December 2012, the bank originated a $1.2 million loan to a business to purchase a 102-unit apartment complex in Erie, PA. Although located in an upper-income census tract, the complex contains 17 Section 8 units and all units are rented between 19.2 and 27.2 percent below Erie County's fair market rent as established by HUD. This loan supports affordable housing initiatives in the assessment area.

Performance Evaluation: 7/28/2015
Geography: Erie, PA AA
Regulator: FDIC
Lending - Affordable Housing

CNB Bank (page 38)

In January 2014, the bank originated a $350,000 loan to a non-profit housing organization to refinance three multifamily properties in Erie, PA collectively containing 20 units. The properties primarily contain Section 8 housing, and are in the Erie Revitalization Program area and also an NSP targeted area as designated by HUD.

Performance Evaluation: 7/28/2015
Geography: Erie, PA AA
Regulator: FDIC
Lending - Transportation

The First National Bank and Trust Company of Vinita (page 16)

The bank originated one $538,000 loan to finance a new service van and bus maintenance facility. The vehicles are used to provide low cost transportation services to low-income community residents, and senior citizens in and around the bank’s AA. This financing helped promote economic development with the creation and retention of jobs and providing community services to low- and moderate-income residents in the AA. Financing also facilitates public services activities to revitalize or stabilize distressed/underserved nonmetropolitan middle-income geographies by helping to meet essential community transportation needs for low- and moderate-income residents.

Performance Evaluation: 7/20/2015
Geography: Craig and Delaware Counties, OK
Regulator: OCC
Lending - Workforce Development

Heritage Bank of Commerce (page 19)

Two loans and two lines of credit, totaling $3.7 million, to an organization providing vocational training and job placement services to the unemployed who reside in Santa Clara County.

Performance Evaluation: 7/13/2015
Geography: Santa Clara-San Benito and Alameda-Contra Costa AA
Regulator: San Francisco Fed
Lending - Transportation

Woodforest National Bank (page 24)

The other two loans provided community development services for low-and moderate-income families in the AA including a $60,000 loan to an organization that provides vehicles to low- and moderate-income borrowers as a means of transportation to work.

Performance Evaluation: 7/13/2015
Geography: Chicago, IL MSA
Regulator: OCC
Lending - Economic Development

Citizens Bank of Pennsylvania (page 71)

In 2012, the bank made a $17.5 million revolving line of credit to a company located in a moderate-income tract, which supports the company’s plan to expand and create jobs. This company is one of the largest employers in the county and a major economic engine for the area. As part of its Capital Expansion Program, this line of credit will assist in creating 400 new jobs.

Performance Evaluation: 6/30/2015
Geography: Reading, PA AA
Regulator: FDIC
Lending - Early Childhood Education

The First National Bank and Trust Co. (page 10)

FNBT participated in three loans that benefit local schools within the AA. The bank made a $6 million loan to the Independent School District of Grady County (Ninnekah Public Schools). Proceeds will provide funding for the construction of a new middle school in Ninnekah, OK. The middle school will be located in a moderate-income census tract. The Junior High School in Ninnekah reports that 81 percent of the students are eligible for the free or reduced lunch program. In June 2013, the bank made a $300,000 loan to Alex Public Schools to provide the school system an operating line of credit. In June 2014, the loan was renewed at $400,000 providing an additional $100,000 under the line of credit. Alex schools are located in a moderate-income census tract. Students eligible for the free or reduced lunch program exceeds 80 percent.

Performance Evaluation: 4/20/2015
Geography: Chickasha/Oklahoma City (OKC) Partial MSA AA
Regulator: OCC
Investment - Transportation

First FS & LA of McMinnville (page 8)

First Federal had previously purchased Business Energy Tax Credits, which had a balance of $203,394 at the end of both 2012 and 2013; the unused balance dropped to $110,649 at the end of 2014. These tax credits benefit Yamhill Community Action Partnership’s (YCAP) public transit department. YCAP is a non-profit organization that provides affordable transportation to residents of Yamhill County through its public transit system and free transportation through its Dial-A-Ride program to seniors and people with disabilities.

Performance Evaluation: 2/23/2015
Geography: Yamhill County, OR AA
Regulator: OCC
Investment - Early Childhood Education

PeoplesBank, A Codorus Valley Company (page 25)

York Day Nursery – PeoplesBank donated $67,000 to support this organization’s educational program targeted to pre-kindergarten children from age six weeks through age five through PA Pre-K Counts. This program is designed for children who are at risk of school failure, because of income, language (English is not the first language), and cultural or special needs issues. The organization is located in a low-income census tract within York City, and 80 percent of families served are subsidized.

Performance Evaluation: 2/2/2015
Geography: State of Pennsylvania AA
Regulator: FDIC
Investment - Workforce Development

S&T Bank (page 33)

The bank contributed $100,000 under the SPP to the Westmoreland County Community College Advanced Technology Center Project in December 2013. Under NAP SSP, a project must serve distressed areas or support neighborhood conservation. Projects must fall under one of the following categories: affordable housing programs, community services, education, job training, or neighborhood assistance. The college used the contribution to lease and renovate a facility to house workforce development programs. The Advanced Technology Center offers education and training for students and incumbent workers that is anticipated to provide economic development to the area. The contribution supports permanent job creation, retention, and/or improvement in this moderate-income geography in Westmoreland County.

Performance Evaluation: 12/15/2014
Geography: Pittsburgh, PA AA
Regulator: FDIC
Lending - Economic Development

Farmers and Merchants Trust Company of Chambersburg (page 19)

In 2013, F&M Trust extended a $2.5 million mortgage, a $2.5 million line of credit, and a $900,000 term loan to support the acquisition of a trailer manufacturing business located in a moderate-income census tract within Franklin County. The bank required the company to raise $750,000 in subordinated debt for additional liquidity, which included a $250,000 loan with Franklin County Area Development Corporation, which is tied to job retention and creation. The loans revitalized and stabilized the moderate-income area by supporting the permanent retention of 90 jobs.

Performance Evaluation: 10/14/2014
Geography: Pennsylvania Non- MSA AA and Harrisburg-Carlisle MSA AA
Regulator: FDIC
Lending - Early Childhood Education

Farmers and Merchants Trust Company of Chambersburg (page 19)

In 2013, F&M Trust originated a $1.2 million loan to an organization that provides community services to LMI individuals. The loan proceeds refinanced a loan for a child care center that provides day care and before and after school programs. These programs are provided throughout the Chambersburg School District and subsidized by the Pennsylvania Department of Welfare.

Performance Evaluation: 10/14/2014
Geography: Pennsylvania Non- MSA AA and Harrisburg-Carlisle MSA AA
Regulator: FDIC
Investment - Affordable Housing

Triumph Bank (page 17)

The bank currently has one qualified investment in the amount of $500,000. The investment is in Memphis municipal bonds issued and designated as Build America Bonds. Build America Bonds were developed by the U.S. Department of the Treasury as part of the American Tax Recovery and Reinvestment Act of 2009. The Build America Bond Program supports both local infrastructure projects and job creation, via capital investments in public buildings, schools, government, hospitals, and governmental housing projects, as well as transportation, public safety facilities, and public utility projects. As a result, this investment helps to revitalize and stabilize the city of Memphis, where 55.2 percent (106 of 192) of census tracts within the city limits are categorized as LMI.

Performance Evaluation: 9/8/2014
Geography: Memphis, TN
Regulator: St. Louis Fed
Investment - Affordable Housing

Broadway National Bank (page 17)

Merced Housing Texas – BNB donated $17,000 to this organization, which provides quality, affordable housing for low-income individuals and families. BNB’s donations were in support of the senior home repair program.

Performance Evaluation: 9/8/2014
Geography: San Antonio, TX AA
Regulator: OCC
Lending - Transportation

First Tennessee Bank National Association (page 34)

FTB originated two loans totaling $1 million to a public transportation organization located in a low-income geography that specializes in providing fixed route transportation. The organization used the loan proceeds to fund a capital improvement project that will provide long-term benefits such as reduction in harmful gases and affordable transportation to the public, including families in low-income geographies. The project also received grant funding from the U.S. Department of Transportation and funding through the American Recovery and Reinvestment Act program.

Performance Evaluation: 4/7/2014
Geography: Chattanooga, TN MMSA
Regulator: OCC
Investment - Affordable Housing

TD Bank USA, N.A. (page 2)

A $17 million investment in a Low-Income Housing Tax Credit (LIHTC), made in conjunction with a $14.1 million construction loan, that will develop low-income, senior housing units in the NE Region.

Performance Evaluation: 3/31/2014
Geography: Portland-South Portland-Biddeford, ME MSA
Regulator: OCC
Lending - Affordable Housing

TD Bank USA, N.A. (page 2)

TD Bank USA continued to support community-based organizations in New York City with working capital lines of credit to an affordable housing organization ($2.5 million) and a Community Development Financial Institution (CDFI) ($4 million).

Performance Evaluation: 3/31/2014
Geography: Portland-South Portland-Biddeford, ME MSA
Regulator: OCC
Lending - Affordable Housing

TD Bank USA, N.A. (page 2)

A $14.1 million construction loan, and the concurrent purchase of low-income housing and historic tax credits, in support of the complete rehabilitation of a 94-unit, Section 8, low-income, senior housing project for the handicapped and mobility-impaired in Troy, NY, within the NE Region.

Performance Evaluation: 3/31/2014
Geography: Portland-South Portland-Biddeford, ME MSA
Regulator: OCC
Lending - Affordable Housing

TD Bank USA, N.A. (page 2)

A $2 million loan conducted in participation with its affiliate TD Bank, N.A., in a $9.7 million construction loan to a housing development corporation for the development of a 4-story, 54-unit garden style apartment building to be used for affordable housing within a redevelopment area of the city of Portland, within the Maine AA. The borrower was named one of the top 50 affordable housing developers in the nation by Affordable Housing Finance Magazine in 2013.

Performance Evaluation: 3/31/2014
Geography: Portland-South Portland-Biddeford, ME MSA
Regulator: OCC
Investment - Affordable Housing

Malvern Federal Savings Bank (page 13)

$5,000 to a non-profit organization that provides free home repair to bring homes of low- and moderate-income homeowners up to construction codes.

Performance Evaluation: 3/10/2014
Geography: Chester, Delaware, and Montgomery Counties, PA
Regulator: OCC
Investment - Workforce Development

Iroquois FS & LA (page 14)

$39,500 was provided to an organization focusing on workforce development within local schools.

Performance Evaluation: 3/3/2014
Geography: Danville, IL MSA AA
Regulator: OCC
Lending - Small Business

Raymond James Bank, National Association (page 14)

RJB has equity investments totaling $5 million in two entities that promote economic development by promoting small business and through developing low- or moderate-income areas. RJB has a $2 million investment in Capital South Partners Fund III, a Small Business Investment Corporation (SBIC) that provides short-term capital to small and medium sized businesses throughout the Southeastern U.S. RJB has a $3 million investment in Forge Real Estate Partners III, LP, a certified Community Development Entity (CDE) under the federal New Markets Tax Credit program. The CDE develops neighborhood shopping centers primarily in low- to moderate-income areas in metropolitan markets within the Southeastern U.S. In addition to the currently funded economic development investments, the bank’s affiliate, RJF has an unfunded commitment of $25 million to Ballast Point Venture Partners III, LLC an SBIC that will provide small business capital within the Southeastern U.S.

Performance Evaluation: 2/25/2014
Geography: Pinellas County, FL AA
Regulator: OCC
Lending - Transportation

TIAA-CREF Trust Company (page 16)

A line of credit for $1,300,000 to support two lending programs: $500,000 to fund a payday loan alternative program; and $800,000 to provide funding for a program that partners with a workforce development agencies to offer affordable car loans to newly-employed individuals needing reliable transportation for work.

Performance Evaluation: 1/13/2014
Geography: St. Louis, MO-IL, MSA
Regulator: OCC
Lending - Transportation

Farmers & Merchants Bank of Western Pennsylvania, National Association (page 10)

A $100,000 line of credit was renewed for a local transportation authority to provide working capital until grant monies were distributed. The authority assists with meeting the transit needs for LMI individuals in Armstrong County by providing fixed route and shared ride services. For the fiscal year ending June 13, 2013, 58 percent of riders received free or reduced fares.

Performance Evaluation: 12/2/2013
Geography: Armstrong, Butler, and Westmoreland Counties, PA AA
Regulator: OCC
Lending - Affordable Housing

First Eagle Bank (page 22)

The bank originated 41 loans to 36 entities and private developers engaged in creating or maintaining affordable housing developments, totaling $29,399,904. Based on assessment area demographics, housing was identified as a need in the communities where First Eagle Bank operates.

Performance Evaluation: 9/16/2013
Geography: Cook and DuPage Counties in Chicago, IL MD
Regulator: Chicago Fed
Lending - Workforce Development

The Commercial Savings Bank (page 20)

CSB has demonstrated an excellent responsiveness to community development lending needs. The bank originated two community development loans totaling $1.25 million. One loan was for the construction of a retail site in a low-income census tract. The construction of the location will not only bring jobs to the area, but over 83.0 percent of the profits go toward job training and employment-related services.

Performance Evaluation: 8/19/2013
Geography: Holmes, Wayne, Tuscarawas, and Coshocton Counties, OH
Regulator: Cleveland Fed
Investment/Lending - Small Business

Morgan Stanley Bank, National Association (page 10)

Nationally, using a combination of investments and loans, the Bank provided $10 million to a Local Initiatives Support Corporation (LISC)/NMTC Small Business Investment Fund, which uses U.S. SBA 504 financing to augment tax credits, while meeting the job creation requirements under the NMTC program. Under the program, a small business owner can receive loans with preferential terms, which include longer maturities and lower interest rates. This activity promotes economic development by financing qualifying small businesses. This investment demonstrated responsiveness, innovation, and complexity as it required the knowledge and ability to manage the technical aspects of two distinct government programs. This is also an example of an investment serving needs not routinely provided by other private investors.

Performance Evaluation: 7/29/2013
Geography: Salt Lake County, UT MSA
Regulator: OCC
Lending - Economic Development

Morgan Stanley Bank, National Association (page 13)

The Bank provided $65 million in term and revolving loans to the Utah Fund of Funds, which is a State of Utah economic development program aimed at providing access to alternative or non-traditional capital to Utah entrepreneurs. The underlying investments are in start-up companies with a focus on those located in Utah. The Utah State Legislature recognized that changes in the national and Utah’s financial markets had caused a critical shortage of seed and venture capital that impaired commerce in Utah. The increased supply of venture equity capital will create new jobs, diversify the state’s economic base and support a well-trained workforce to help maintain and develop Utah’s economy. The term loan provided a more favorable interest rate and more flexibility to the Fund of Funds. These loans helped create approximately 7,000 jobs by promoting economic development for qualifying small businesses.

Performance Evaluation: 7/29/2013
Geography: Salt Lake County, UT AA
Regulator: OCC
Investment - Affordable Housing

Morgan Stanley Bank, National Association (page 9)

An apartment construction project will provide 136 affordable housing units for youth aging out of foster care, formerly homeless, and refugee families. All units are for families making 50 percent or less of the area median income. Morgan Stanley led the design of the transaction in which it provided both the construction loan (through its participation with a local bank) and the Low-Income Housing Tax Credit (LIHTC) equity investment (with a national partner), all while preserving competitive LIHTC pricing. MSBNA and Morgan Stanley provided over $22 million in LIHTC investments and $17.4 million in loans. Morgan Stanley’s participation in financing this affordable housing project was flexible, complex and allowed MSBNA to demonstrate leadership. The project development budget employs four sources of revenue, which added layers of complexity to the deal as each source of revenue had to be fully underwritten, documented, subordinated, and approved by the construction and term lenders.

Performance Evaluation: 7/29/2013
Geography: Salt Lake County, UT
Regulator: OCC
Lending - Affordable Housing

Dollar Bank, Federal Savings Bank (page 39)

A $20,000 line of credit supported an organization that participates in a home repair program to assist low- and moderate-income homeowners with correcting exterior code violations. The program provides rebates to homeowners for qualifying home repairs.

Performance Evaluation: 7/29/2013
Geography: Cleveland, OH AA
Regulator: OCC
Lending - Affordable Housing/ Transportation

Morgan Stanley Bank, National Association (page 12)

In the AA, MSBNA purchased a participation totaling $4.5 million in a $10.6 million construction loan to fund the construction of 137 affordable housing units of the Birkhill town center, targeting the community's low-income families. This is an example of transit-oriented development built near mass-transit stations; this one is located at a light rail stop in the heart of the AA.

Performance Evaluation: 7/29/2013
Geography: Salt Lake County, UT MSA
Regulator: OCC
Investment - Workforce Development

Banco Popular North America (page 53)

A $10,000 donation to an organization located in a moderate-income geography in Miami that provides job training for LMI individuals.

Performance Evaluation: 7/15/2013
Geography: Miami-Fort Lauderdale-Pompano Beach, FL
Regulator: NY Fed
Lending - Affordable Housing

Marquette Bank (page 17)

The majority of the bank’s community development loans during the evaluation period were renewals of commercial real estate loans which were originally written with five year terms. Such loans provided continued financing to borrowers who purchased and rehabilitated properties in low- and moderate-income geographies that were severely affected by the property value declines in the recent recession and leased them to tenants at rents at or below HUD’s fair market rent levels. In addition to loans to private developers, the bank extended a $1.5 million line of credit to a not-for-profit organization whose members are a coalition of community-based organizations dedicated to the revitalization of neighborhoods through the development and rehabilitation of housing for low-income individuals, and two smaller renewals of existing mortgage loans to not-for-profit organizations that provide community services to low- and moderate income individuals.

Performance Evaluation: 5/20/2013
Geography: DuPage, Kendall, and Will Counties, IL and southern portions of Cook and Kane Counties, IL
Regulator: Chicago Fed
Investment - Economic Development

Credit One Bank, National Association (page 10)

Credit One donated $60,000 to Nevada Microenterprise Initiative (NMI), a non-profit CDFI that provides entrepreneurial training and micro business loans, up to $35,000, for qualified start-up and existing businesses. The businesses that receive these loans have gross annual revenues of $1 million or less and promote economic development by supporting permanent job creation, retention, and/or improvement for persons who are currently low- or moderate- income. NMI originated 412 loans since 2007.

Performance Evaluation: 2/11/2013
Geography: Las Vegas-Paradise, NV MSA
Regulator: OCC
Investment - Small Business

GE Capital Retail Bank, FSB (page 6)

GECRB has invested $2 million during the current period in a small business investment company (SBIC) based in Salt Lake. This SBIC focuses its investments on early and growth stage companies, which create economic benefit and provide employment to LMI individuals. GECRB continues to hold $2.6 million in two other SBICs from prior periods.

Performance Evaluation: 12/31/2012
Geography: Salt Lake City, UT MSA
Regulator: OCC
Lending - Small Business

Goldman Sachs Bank USA (page 11)

A total of $83 million in financing for the construction of the retail component of a retail and residential complex in downtown Brooklyn. This structured transaction was complex, and involved the provision of both debt and equity financing using NMTC and NYC Housing Development Corporation bonds. GS Bank provided $16.6 million in NMTCs, a $50 million construction loan and a $16.6 million bridge loan. Completion of the retail component will bring over 3,000 jobs to the area and provide grocery store and restaurant options to a moderate-income area in which 29 percent of all households live below the poverty level.

Performance Evaluation: 12/5/2012
Geography: New York-Northern New Jersey-Long Island, NY-NJ-PA AA
Regulator: NY Fed
Lending - Small Business

Goldman Sachs Bank USA (page 11)

A $9 million line of credit to a Community Development Financial Institution (CDFI). The line of credit is in conjunction with GS Bank's 10,000 Small Businesses initiative. The CDFI will make loans of approximately $50,000 to $75,000 to small businesses in the food manufacturing industry. The majority of these businesses are located in LMI areas.

Performance Evaluation: 12/5/2012
Geography: New York-Northern New Jersey-Long Island, NY-NJ-PA AA
Regulator: NY Fed
Investment - Economic Development

Goldman Sachs Bank USA (page 12)

A $15 million equity investment in preferred stock issued by a minority-owned financial institution as well as the purchase of $6.6 million in NMTC's from the institution. The investment was especially responsive to the residents of LMI areas of New York City who are served by the minority-owned financial institution's nine branches. As identified by community contacts, financial services directed toward LMI areas and residents are an important assessment area need.

Performance Evaluation: 12/5/2012
Geography: Hudson and Essex Counties in New Jersey and Bronx, Kings, New York, Queens, and Richmond Counties in New York.
Regulator: NY Fed
Lending - Affordable Housing

Goldman Sachs Bank USA (page 11)

A $74 million construction loan to a developer of a mixed use property in Central Harlem in New York City. The building contains over 125,000 square feet of retail property that will bring jobs to LMI residents and will include 194 units of affordable housing. The building is located in the Harlem empowerment zone.

Performance Evaluation: 12/5/2012
Geography: NY-NJ AA
Regulator: NY Fed
Investment - Affordable Housing

Deutsche Bank Trust Company Americas (page 10)

A $12.5 million partnership in a LIHTC equity fund. The investment will rehabilitate a multifamily affordable housing property in the Bronx, NY. The project will result in the preservation of 317 units of affordable housing. Sixteen of the units will be designed to accommodate persons with disabilities.

Performance Evaluation: 12/3/2012
Geography: 5 boroughs of NYC - Manhattan (New York County), Brooklyn (Kings County), Staten Island (Richmond County), Queens (Queens County), and the Bronx (Bronx County)
Regulator: NY Fed
Lending - Workforce Development

Goldman Sachs Bank USA (page 11)

A $9 million loan to finance construction of a community center in a distressed area of the Bronx with a poverty rate in excess of 40 percent. The community center will bring recreation facilities, sponsor community services activities including pre-school and after school programs, job training, and counseling programs to a largely LMI population.

Performance Evaluation: 11/5/2012
Geography: Hudson and Essex Counties in New Jersey and Bronx, Kings, New York, Queens, and Richmond Counties in New York.
Regulator: NY Fed
Investment - Small Business

American Express Bank, FSB (page 8)

The bank invested $1.7 million in a Small Business Association loan fund which helps to finance small businesses and create permanent employment opportunities for low- and moderate-income individuals.

Performance Evaluation: 9/30/2012
Geography: Salt Lake City, UT MSA
Regulator: OCC
Investment - Workforce Development

American Express Bank (page 6)

Qualified grants by the bank totaling $3.5 million were made to numerous community development organizations and programs. The major grants went to organizations focused on affordable housing development and preservation and homeownership education. Additionally, grants went to organizations focusing on financial education, job training and placement targeting low- and moderate-income individuals, and those targeting services to Native American communities historically suffering higher rates of poverty and unemployment.

Performance Evaluation: 9/30/2012
Geography: Salt Lake City, UT MSA
Regulator: OCC
Investment - Workforce Development

Bank First National (page 8)

A $2 million bond to benefit a Manitowoc County community organization that prepares youth and unskilled adults for entry into the workforce. The organization provides economically disadvantaged individuals and others facing barriers to employment with job training.

Performance Evaluation: 8/20/2012
Geography: Manitowoc County, WI AA
Regulator: OCC
Investment - Economic Development

PNC Bank, N.A. (page 21)

The bank’s investments include $137 million in Low Income Housing Tax Credit (LIHTC) and New Markets Tax Credit (NMTC) projects. The bank’s responsiveness to community development needs is demonstrated in the significant volume of LIHTC and NMTC investments supporting affordable housing and economic development projects. Many of the investments involve complex financing and required significant leadership on the part of PNC for the projects to come to fruition. One example is PNC’s $12.7 million equity investment in a wholly-owned and single-purpose subsidiary that was combined with debt capital to make Qualified Equity Investments (QEIs) in each of three Community Development Entities (CDEs) in the cumulative amount of $46.6 million. The CDEs used the investment to make four loans for the construction of retail shopping that revitalized an LMI geography. Two other examples include $7.2 million and $9.1 million, respectively, invested in a leveraged NMTC project with four CDEs. The project involved the rehabilitation and adaptation of an historic office building into a mixed-use project that includes affordable rental housing and a charter school serving LMI students.

Performance Evaluation: 7/8/2012
Geography: Pittsburgh, PA AA
Regulator: OCC
Investment - Early Childhood Education

PNC Bank, N.A. (page 11)

Grow Up Great is a ten-year, $350 million initiative undertaken to address an identified need for early childhood education for LMI children and their families. We highlighted this initiative in prior evaluations and are addressing it in this evaluation because of its scope and impact. PNC is a leader in supporting early childhood education for LMI children and their families through Grow Up Great. The program includes investments, grants, and contributions to support educational programs for both LMI children and children within LMI areas. It also includes services consisting of participation in educational programs, including financial literacy programs, within schools and through organizations and groups. The investments and services are directly responsive to community needs. The program has been undertaken in and positively impacted, to varying degrees, each of the bank’s assessment areas.

Performance Evaluation: 7/8/2012
Geography: Multiple AAs
Regulator: OCC
Lending - Workforce Development

Chemung Canal Trust Company (page BB30)

A $125,000 line of credit to provide job training to LMI individuals.

Performance Evaluation: 5/29/2012
Geography: Steuben and Schuyler Counties, NY
Regulator: NY Fed
Lending - Early Childhood Education

Chemung Canal Trust Company (page BB30)

A $617,000 term loan to provide various support activities, such as child care, home services, and pre-school programs, to LMI persons. Funding is primarily from Medicaid and the State of New York.

Performance Evaluation: 5/29/2012
Geography: Steuben and Schuyler Counties, NY
Regulator: NY Fed
Lending - Workforce Development

Wastamerica Bank (page 36)

Two loans totaling $300,000 to a non‐profit organization that provides job training and placement and vocational rehabilitation for low‐income developmentally disabled individuals.

Performance Evaluation: 4/9/2012
Geography: Fresno‐Madera, CA AA
Regulator: San Francisco Fed
Investment - Affordable Housing/Early Childhood Education

Westamerica Bank (page 24)

$166,000 in a prior period investment in low‐income housing tax credits that funded the development of an affordable housing project targeted to low‐ and moderate‐income individuals and families. The project, which replaced existing deteriorating units and created over 100 additional units and resulted in nearly 300 family units and nearly 50 senior units. The project also includes onsite socials services such a child care, incubator space for resident initiated start‐up businesses, and educational programs for pre‐school, primary, and middle school children.

Performance Evaluation: 4/9/2012
Geography: San Francisco Bay, CA AA
Regulator: San Francisco Fed
Lending - Small Business

TD Bank USA, N.A. (page 8)

A $2 million working capital line of credit to a CDFI that assists in small business lending in New York City that are part of the Region.

Performance Evaluation: 12/31/2011
Geography: State of Maine AA
Regulator: OCC
Investment - Small Business

TD Bank USA, N.A. (page 9)

A $2 million investment to a Community Development Entity (CDE) that makes community development loans to small businesses located within low-to-moderate- income areas in the Maine AA.

Performance Evaluation: 12/31/2011
Geography: State of Maine AA
Regulator: OCC
Lending - Affordable Housing

Signature Bank, National Association (page 9)

The bank granted loans to a non-profit corporation whose housing programs include new house construction, renovation of existing properties, down payment assistance, credit counseling, exterior repair loans, owner-occupied repairs, and rental rehab. The bank provided lines of credit for working capital and home repair purposes and a term loan for site improvements. Three loans were granted for $332,000. All work was performed in low- and moderate-income geographies.

Performance Evaluation: 12/7/2011
Geography: Lucas County, OH
Regulator: OCC
Lending - Transportation

Northwest Savings Bank (page 28)

The bank originated a $250,000 short term note (90 days) to a local transit authority to help cover cost associated with a construction project, due to delays in the authority receiving reimbursement from grants administered by the State of Pennsylvania. The loan was granted at the end of 2010. The authority provides affordable transportation to individuals that primarily reside within distressed non-metropolitan middle-income areas. The authority’s operation funding primarily comes from the Federal Transit Administration, Pennsylvania Department of Transportation, and Pennsylvania Department of Public Welfare. The area in which this transportation is provided is very rural in nature. The authority provides essential transportation services to lower-income individuals who are unable to support the costs associated with owning an automobile and the elderly or ill. In June 2010, a new $1 million LOC to this authority was extended to provide additional interim funding for payments to contractors.

Performance Evaluation: 10/3/2011
Geography: Pennsylvania Non-MSA AA
Regulator: FDIC
Investment - Affordable Housing

First Eagle Bank (page 14)

In 2010, the bank invested in Fannie Mae mortgage-backed securities. The investment consisted of a pool of six residential mortgage loans for single-family, multifamily, and condominium affordable housing totaling $1,115,000. All loans included in the pool are to low- or moderate-income individuals located in the bank’s assessment area.

Performance Evaluation: 9/12/2011
Geography: Cook and DuPage Counties in Chicago, IL MD
Regulator: Chicago Fed
Lending - Transportation

Five Star Bank (page BB17)

A $1.3 million loan to rehabilitate a historic train station in downtown Jamestown. The train station will become a transportation center for the area, which is located in a low income census tract. Completion of the center will assist in revitalization and stabilization efforts by creating employment opportunities for unskilled workers.

Performance Evaluation: 8/1/2011
Geography: Allegany, Cattaraugus, Cayuga, Chautauqua, Genesee, Schuyler, Seneca, Steuben, Wyoming, and Yates Counties, NY AA
Regulator: NY Fed
Lending - Workforce Development

Fox Valley Savings Bank (page 9)

In 2010, Fox Valley made a $242,000 loan to the Fond du Lac Economic Development Corporation (FCEDC) for the purchase of a commercial building which now serves as the FCEDC’s new office. This organization strives to improve the economic well being of the businesses, communities and residents in the county. It assists companies interested in doing business in the county with financing, workforce development, regulatory and productivity issues. With this new building, the FCEDC has increased meeting and conference space that will allow for more client meetings to occur simultaneously, thus allowing more clients to be served; the ability to develop additional programs such as entrepreneurial mentoring programs and CEO or industry roundtables; the ability to host business events such as entrepreneurial or equity networking opportunities; and, an ability to assure long-term sustainability of FCEDC as an organization.

Performance Evaluation: 5/2/2011
Geography: Fond du Lac, Winnebago County, Dodge Counties, WI AA
Regulator: OCC
Investment - Workforce Development

Bank of Hawaii (page 10)

A $100,000 grant ($50,000 in 2009 and $50,000 in 2010) to a local university in Hawaii. BOH partnered with the university to create an innovative Pacific Island Banking Scholars Program, a school-to-work program targeted at developing business and leadership skills. The program is targeted to students from low- and moderate-income families ($25,000 in Saipan and $25,000 in American Samoa in each year).

Performance Evaluation: 4/25/2011
Geography: State of Hawaii and Pacific Island Division Territories (Guam, Saipan, and American Samoa) AA
Regulator: San Francisco Fed
Investment - Workforce Development

WoodTrust Bank, National Association (page 7)

Included in the total above is a $90,000 donation over the evaluation period to the Community Foundation of South Wood County to support their participation in a workforce development partnership sponsored by the National Fund for Workforce Solutions (NFWS). Workforce Central is a local, rural site supported by the NFWS and is only one of 22 sites nationwide. The purposes of Workforce Central is to train and upgrade the skill sets of incumbent, returning, dislocated, and prospective workers to match the needs of current and future employers in the area. These services primarily benefit LMI individuals.

Performance Evaluation: 2/9/2011
Geography: Wisconsin Rapids AA
Regulator: OCC
Investment - Affordable Housing

Deutsche Bank Trust Company Americas (page 10)

A $3 million equity investment in a green fund that seeks to acquire, rehabilitate, and retrofit buildings in transit-oriented neighborhoods. Deutsche Bank has targeted its investment to specifically support affordable housing projects including two developments in Harlem: the green renovation of 107-145 West 135th Street, a development of ten adjacent six-story elevator buildings that has received the first loan from HUD’s Green Retrofit Loan Program; and the Tapestry, a 185-unit mixed-use, mixed-income project on 124th Street.

Performance Evaluation: 11/29/2010
Geography: 5 boroughs of NYC - Manhattan (New York County), Brooklyn (Kings County), Staten Island (Richmond County), Queens (Queens County), and the Bronx (Bronx County)
Regulator: NY Fed
Lending - Affordable Housing

Goldman Sachs Bank USA (page 13)

A $19 million loan related to a NMTC project to provide affordable rental housing units that will revitalize a low-income neighborhood in Brooklyn, NY.

Performance Evaluation: 9/13/2010
Geography: New York-Northern New Jersey-Long Island, NY-NJ-PA)
Regulator: NY Fed
Investment - Affordable Housing

Goldman Sachs Bank USA (page 14)

A $9 million NMTC investment for the development of a mixed-use project with rental housing units that will revitalize a low-income neighborhood in Brooklyn by providing affordable housing as well as needed retail access.

Performance Evaluation: 9/13/2010
Geography: New York-Northern New Jersey-Long Island, NY-NJ-PA
Regulator: NY Fed
Lending - Affordable Housing/ Transportation

Goldman Sachs Bank USA (page 30)

$3 million loan to finance the commercial space of a transit-oriented redevelopment project that includes NMTC and LIHTC investments and will provide affordable housing and retail commercial space in the Los Angeles area.

Performance Evaluation: 9/13/2010
Geography: Los Angeles, CA
Regulator: NY Fed
Lending - Affordable Housing

American Heritage Bank (page 12)

The bank originated one community development loan in the amount of $2.5 million. This loan was for the rehabilitation of a historic building in downtown Sapulpa. The building is being converted to 32 handicapped accessible affordable housing units for LMI elderly individuals.

Performance Evaluation: 8/10/2010
Geography: Tulsa, OK MSA
Regulator: Kansas City Fed
Lending - Affordable Housing

The Northern Trust Company (page 18)

The bank's community development lending activity reflects the assessment area's need for affordable rental housing. As previously mentioned, foreclosure rates increased drastically during the review time period, especially for the City of Chicago, and foreclosure activity has greatly impacted the availability of affordable rental units. The bank made 77 affordable multi-family housing loans, that finances 1,818 affordable rental units in the assessment area. The number of affordable rental units supported by the bank's community development lending increased significantly as foreclosures became more prevalent; they increased from 381 units in 2008 to 880 in 2009, and total 557 during the first four months of 2010.

Performance Evaluation: 5/10/2010
Geography: Cook, DuPage, Kane and Lake Counties, IL
Regulator: Chicago Fed
Investment - Affordable Housing

The Northern Trust Company (page 21)

Funding nearly $1.5 million in new loan pool commitments to Community Development Financial Institutions (CFDIs), such as Neighborhood Housing Services and the Affordable Housing Corporation of Lake County, whose missions include affordable housing initiatives.

Performance Evaluation: 5/10/2010
Geography: Cook, DuPage, Kane and Lake Counties, IL
Regulator: Chicago Fed
Investment - Affordable Housing

The Northern Trust Company (page 21)

Funding over $5.5 million in a new capital contributions to low income housing tax credits in Chicago.

Performance Evaluation: 5/10/2010
Geography: Cook, DuPage, Kane and Lake Counties, IL
Regulator: Chicago Fed
Investment - Early Childhood Education

Moody National Bank (page 11)

One municipal revenue bond for the establishment of an open enrollment charter school in the Houston - Galveston AA originally totaling $25,000 with a balance as of this examination of $15,000. The charter school is for an enrollment of 700 students and serves children pre-K through 8th grade. Approximately 51.4 percent of the students enrolled are economically disadvantaged.

Performance Evaluation: 4/12/2010
Geography: Houston and Galveston, TX AA
Regulator: OCC
Lending - Transportation

Northwest Savings Bank (page 28)

A $1.3 million short term loan to a Pennsylvania county transportation authority for the purchase of five new buses was granted by the bank. Many of these buses will be used for transportation of lower income residents in critical need of public transportation. The purpose of the loan was to enable the authority to purchase the buses, while it awaits reimbursement from various federal and state transportation entities. The county this authority serves is comprised entirely of middle-income census tracts; however, a significant percentage of the county is designated as distressed and underserved areas.

Performance Evaluation: 3/29/2010
Geography: 45 counties within Pennsylvania, New York, Ohio, Maryland, and Florida
Regulator: FDIC
Lending - Economic Development

Merchants Bank of Bangor (page 13)

Merchants Bank also participated in a $4.0 million loan to a nonprofit organization for the revitalization of the former Bethlehem Steel plant, a vacant industrial site located in the city of Bethlehem. The 4.5 acre site is being developed into a multi-purpose arts and cultural center to serve as a catalyst for economic development in Bethlehem. Originated through the Lehigh Valley Economic Development Corporation Regional Loan Pool, the loan has 12 participants, including 11 commercial banks and Lehigh University. The bank’s loan participation amount is $88,000.

Performance Evaluation: 3/22/2010
Geography: Northampton County, PA AA
Regulator: Philly Fed
Investment - Small Business

Silicon Valley Bank (page 11)

Two donations totaling $12,500 to a non-profit small business resource center that provides training, financing and support to low- and- moderate income individuals who wish to start and grow their own small businesses.

Performance Evaluation: 2/22/2010
Geography: San Francisco Bay Area and the North Bay Area AA
Regulator: San Francisco Fed
Lending - Workforce Development

Bank of the Orient (page 15)

A $50,000 working capital loan to a non-profit organization that provides vocational training to new immigrants, the unemployed and those who need retraining after occupational injury.

Performance Evaluation: 1/29/2010
Geography: San Francisco-San Mateo, CA AA
Regulator: San Francisco Fed
Lending - Workforce Development

Seacoast National Bank (page 21)

The majority of SNB’s community development loans were directed toward community service needs. While most of the loans (based on number) were renewals of lines of credit to nonprofit organizations supplying community services primarily to low- and moderate-income individuals and families, the largest loan (a new $10 million loan representing 67 percent of total community service loans) is to St. Lucie County. With the proceeds the county purchased and redesigned a large vacant retail facility located in a moderate-income geography so that it could better assist in providing community services to the residents of nearby low- and moderate-income geographies. A portion of the space is being used by the county for storage and archives management, providing new jobs. The remaining space, for example, is being used by a non-profit health care provider opening a new free primary care clinic for uninsured low-come residents, a need which has grown as a result of the high unemployment rate in the county. In addition, the county is partnering with several trade unions to initiate an apprenticeship/job training program targeted to low- and moderate-income individuals. Graduates will be used as part of the county’s affordable housing program for rehabilitation/renovation work and new construction under the county’s Neighborhood Stabilization Program (NSP) plan, thus providing additional job opportunities.

Performance Evaluation: 8/31/2009
Geography: Port St. Lucie-Ft. Pierce, FL/Martin and St. Lucie Counties
Regulator: OCC
Lending - Affordable Housing

CoBiz Bank (page 7)

Twelve community development loans in the amount of $34.3 million were for affordable housing purposes with five made to affordable housing organizations and four for the development of affordable housing units.

Performance Evaluation: 7/27/2009
Geography: States of Colorado and Arizona
Regulator: Kansas City Fed
Investment - Economic Development

Susquehanna Bank (page 19)

Susquehanna has a $201,000 commitment to a community development financial institution that uses capital to finance affordable housing, small businesses, community facilities, and workforce projects that create economic opportunities for low- and moderate-income individuals and small businesses.

Performance Evaluation: 2/2/2009
Geography: Philadelphia-Camden AA
Regulator: Philly Fed
Lending - Affordable Housing

Susquehanna Bank (page 67)

Susquehanna made a relatively high level of community development loans in the Harrisburg assessment area. During the time period evaluated, the bank originated three community development loans totaling $2.7 million to finance community development initiatives...Two loans aggregating $2.1 million support affordable housing in Carlisle Borough. The project meets an expressed demand for affordable housing for low- and moderate-income seniors. In Carlisle, 18 percent of residents are age 65 and over. In addition, four of its five census tracts are designated as moderate-income.

Performance Evaluation: 2/2/2009
Geography: Cumberland and Dauphin Counties, PA
Regulator: Philly Fed
Investment - Economic Development

Amboy Bank (page BB13)

A $100,000 investment in a regional Community Development Financial Institution, whose objective is to provide capital and technical expertise to build wealth, and to create economic opportunities for low income communities and low-and moderate-income individuals.

Performance Evaluation: 1/26/2009
Geography: Middlesex, Monmouth, Somerset, Mercer Counties NJ
Regulator: NY Fed
Investment - Economic Development

Amboy Bank (page BB13)

A $500,000 investment in a statewide Community Development Financial Institution capital financing program that provides construction and permanent financing to community and economic development projects.

Performance Evaluation: 1/26/2009
Geography: Middlesex, Monmouth, Somerset, Mercer Counties NJ
Regulator: NY Fed
Investment - Small Business

State Street Bank and Trust Company (page 8)

OneUnited Bank: State Street continued its long standing relationship with this Boston based Community Development Financial Institution (CDFI) and Minority Owned Institution (MOI) by providing it with a $17 million investment in 2008. The book value of this investment including a previous investment of $2,000,000 totals $19,300,001.

Performance Evaluation: 1/20/2009
Geography: Boston-Quincy Metropolitan Division (MD)
Regulator: Boston Fed
Investment - Early Childhood Education

INTRUST Bank, National Association (page 9)

Donation of $150,000 to assist in the development of an early childhood education center to serve children from low- and moderate-income families.

Performance Evaluation: 12/31/2008
Geography: Wichita, KS AA
Regulator: OCC
Lending - Small Business

TD Bank, N.A. (page 35)

A $350,000 revolving LOC to a community development financing company to support ongoing lending initiatives including below market rate loans, micro loans, and participation loans with lenders for small business located in the City of Camden and surrounding counties in southern New Jersey (Camden, Gloucester and Salem Counties).

Performance Evaluation: 12/8/2008
Geography: Philadelphia-Camden-Wilmington (PA-NJ-DE) MSA
Regulator: OCC
Lending - Transportation

FirstMerit Bank, N.A. (page 22)

FirstMerit participates in several local government lending programs within the Canton AA...23 loans for $48,000 were made as part of the Wayne County Wheels to Work program. Fixed-rate auto loans are offered with a community development organization acting as co-signer, allowing for lending to low and moderate income individuals who would not normally qualify for credit.

Performance Evaluation: 11/17/2008
Geography: Canton, OH AA
Regulator: OCC
Investment - Affordable Housing

East West Bank (page 17)

EWB invested $3 million in a LIHTC fund that is designed to assist in the development of 100 units of affordable housing for low- and moderate-income residents with mental illness in Los Angeles County. The bank also had three prior period investments totaling $7.1 million which helped create over 160 units of affordable housing using LIHTCs and seven unfunded commitments for $11 million.

Performance Evaluation: 7/7/2008
Geography: Los Angeles, Orange, and San Bernardino Counties, CA
Regulator: San Francisco Fed
Investment - Affordable Housing

East West Bank (page 17)

Two municipal bonds, each for $7 million, to construct affordable rental housing projects with 84 units and 61 units, respectively, for low- and moderate-income people.

Performance Evaluation: 7/7/2008
Geography: Los Angeles, Orange, and San Bernardino Counties, CA
Regulator: San Francisco Fed
Investment - Affordable Housing

East West Bank (page 23)

EWB invested $5.5 million in two LIHTC funds that assisted in the development of over 180 units of affordable housing for low- and moderate-income residents with mental illness in Oakland, CA. The bank also had one prior period investment for $7.6 million which helped create over 100 units of affordable housing and two unfunded commitments for 6.5 million.

Performance Evaluation: 7/7/2008
Geography: Alameda, Santa Clara, San Francisco, and San Mateo Counties, CA
Regulator: San Francisco Fed
Lending - Economic Development

Lafayette Ambassador Bank (page 13)

The bank’s loans included a $2.5 million commercial mortgage to the local redevelopment authority to acquire a vacant industrial site. The redevelopment of the site is part of the city of Easton’s ongoing Bushkill Creek Corridor Revitalization Project aimed at facilitating economic development and improving access to urban green space. Additional funding was provided through a Redevelopment Assistance Capital Program grant from the Commonwealth of Pennsylvania.

Performance Evaluation: 3/31/2008
Geography: Allentown, Bethlehem and Easton MSA
Regulator: Philly Fed
Investment - Economic Development

Orange County Trust Company (page BB10)

A $60,000 line of credit to a non-profit corporation that targets economic development by acting as a liaison between government and business. Activities of this non-profit have assisted in revitalizing the downtown moderate-income areas of Middletown.

Performance Evaluation: 1/14/2008
Geography: Orange County, NY
Regulator: NY Fed
Investment - Economic Development

Ameriserv Financial Bank (page 15)

Qualified investments include a $500,000 equity investment in the New Markets Venture Capital Fund. The Fund invests in the growth and expansion of companies within certain markets in central and northern Pennsylvania. Its mission is to encourage economic growth by financing job creation and retention in certain low-income and rural areas.

Performance Evaluation: 9/27/2007
Geography: Johnstown MSA
Regulator: Philly Fed
Investment - Early Childhood Education

Moody National Bank (page 8)

One $25,000 municipal revenue bond for the establishment of an open enrollment charter school in the Galveston assessment area. The charter school is for an enrollment of 700 students and serves children pre-K through 8th grade. About 51.4 percent of the students enrolled are economically disadvantaged.

Performance Evaluation: 5/29/2007
Geography: Galveston, Brazoria, Harris, and Fort Bend Counties, TX
Regulator: OCC
Investment - Economic Development

Central National Bank & Trust Company of Enid (page 8)

Investments include an equity investment in the Oklahoma MetaFund Community Development Corporation (OMFCDC). CNB&T’s total investment in the MetaFund is 100M. The OMFCDC is a certified Community Development Financial Institution. It was organized to collaborate with for-profit and non-profit organizations to assist in community, economic, and workforce development. This program serves the entire state of Oklahoma. The targeted market includes low- to moderate-income individuals and census tracts, distressed geographic areas and neighborhoods, and underserved populations. Funds are utilized for the following purposes: • Buy and/or finance the development or rehabilitation of residential and commercial real estate properties, primarily targeting affordable housing, low- to moderate-income neighborhoods, and distressed properties. • Invest in and/or finance enterprises (primarily targeting low- to moderate-income neighborhoods) and small business ventures employing minorities and underserved populations. • Provide and/or coordinate micro credit, small business loans, and mortgage loans primarily to minorities and underserved persons.

Performance Evaluation: 4/26/2006
Geography: Garfield, Woodward, and Kay Counties, OK
Regulator: OCC
Lending - Affordable Housing

Guaranty Bank and Trust Company (page 10)

In 2004 and 2005, the bank originated or renewed 13 community development loans totaling $34.7 million to 10 borrowers in the Denver/Weld County assessment area. Eight of the loans totaling $29.2 million financed construction or renovation projects providing affordable housing to low- and moderate-income individuals in Parker, Strasburg, Commerce City, and Denver.

Performance Evaluation: 1/23/2006
Geography: Denver/Weld County AA (Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson counties in Denver, CO MSA)
Regulator: Kansas City Fed
Investment - Affordable Housing

Chase Bank USA, N.A. (page 21)

The Bank’s investments in the broader regional area, without the potential to benefit NCC, total over $327 million. Outside of Delaware, many of these investments are in low-income housing tax credit projects. Examples of these investments include: a $6.4 million investment in Heritage Corner Apartments, a LIHTC project in Savannah, Georgia, which provided 70 units of affordable housing; a $9.6 million investment in the LIHTC project Walton Trail Apartments, a complex providing over 350 affordable housing units in Atlanta, Georgia; a $7.4 million LIHTC investment in Washington Square West Apartments in Philadelphia, Pennsylvania providing over 130 units of affordable housing; and a $12.1 million investment in the LIHTC project Brentwood/Village Square Apartments which provided 285 affordable housing units in Manassas, Virginia.

Performance Evaluation: 1/9/2006
Geography: State of Delaware
Regulator: OCC
Investment - Transportation

Merchants Bank, National Association (page 7)

Over the evaluation period, the CDC originated 8 loans totaling $22,000 under the Partners for Tomorrow’s Workforce program. This program provides loans to low-income individuals for transportation or housing needs as they transition from welfare to work.

Performance Evaluation: 9/7/2005
Geography: Winona, MN AA
Regulator: OCC
Investment - Economic Development

Community Bank & Trust (page 22)

The qualified investments included...a $10,000 investment in Joplin Capital Corporation....The Joplin Capital Corporation is a newly formed multibank community development corporation created to facilitate economic development in Joplin’s underserved moderate-income areas, and to furnish gap financing to provide small business loans and/or equity to entrepreneurs who are unable to obtain conventional financing.

Performance Evaluation: 5/9/2005
Geography: Joplin MSA, MO AA
Regulator: Kansas City Fed
Lending - Workforce Development

Placer Sierra Bank (page 13)

Of particular note was a $4.8 million line of credit to a non-profit corporation that provides various business services to small businesses, government agencies, and Fortune 100 companies by employing low- and moderate-income individuals with disabilities. The company also provides vocational training and occupational skill development to developmentally disabled children who would otherwise be unemployable.

Performance Evaluation: 3/14/2005
Geography: Sacramento, CA AA
Regulator: San Francisco Fed
Lending - Transportation

The Citizens National Bank (page 16)

CNB participates in Cars for Careers, an innovative and flexible loan program developed and implemented by CNB and a local non-profit group before the evaluation period. The program addresses the transportation needs of low- and moderate-income individuals located in Howard County. CNB provides affordable loans to program participants to purchase used cars that have been donated. The program targets low- and moderate-income individuals who need a dependable car to get and keep a job. The loans are designed to provide participants with a sense of true ownership and help them establish a credit history. Rates are well below conventional used-car rates and underwriting is extremely flexible. There have been no employed applicants turned down for loans. CNB continues to be the only bank currently providing loans to applicants under this program. During the evaluation period, CNB provided loans totaling $30,000 to 38 individuals to purchase cars in this program.

Performance Evaluation: 2/7/2005
Geography: portions of Baltimore, MD and Washington, DC (DC-MD-VA-WV MSA)
Regulator: OCC