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EXTENDED TO FEBRUARY 15, 2017Form990EZShort Form Return of Organization Exempt From Income Tax OMB No. 154511502015Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
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Massachusetts community amp banking refers to local banks and financial institutions that focus on providing banking services to the community, often emphasizing equitable access to financial resources and supporting local development.
Who is required to file Massachusetts community amp banking?
Entities that operate under the Massachusetts community banking framework, including certain banks and credit unions, are required to file Massachusetts community amp banking reports to demonstrate compliance with state regulations.
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The purpose of Massachusetts community amp banking is to enhance financial accessibility, promote local economic development, and ensure that banking services are available to underserved populations in the community.
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Reports should include details about financial performance, lending practices, community engagement efforts, and demographic information about the populations served by the institution.
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