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 Issue of May 28, 2007 
   

Poor CRA Rating Spurs Changes at Bank

Meetinghouse Bank, based in Boston’s Dorchester neighborhood, was rated as “Needs to Improve” in the area of compliance with the Community Reinvestment Act by the Federal Deposit Insurance Corp.
By Amy Wyeth
For a financial institution that prides itself on community involvement, a poor Community Reinvestment Act rating from federal regulators has been a wake-up call.

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