; (ii) that the company consult with community-based organizations and other community stakeholders in developing the community benefits plan; and (iii) a public hearing to be held if any bank that would be controlled by the resulting company has received a substantial noncompliance in meeting community credit needs or needs to improve record of meeting community credit needs rating in any assessment area during the last examination of such institution conducted pursuant to the Community Reinvestment Act of 1977. (B) Definition For purposes of this paragraph, community benefits plan means a plan that provides measurable goals for future amounts of safe and sound loans, investments, services, and other financial products for low- and moderate-income communities and other distressed or underserved communities. . (2) Other transactions or activities Section 4(j)(2) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1843(j)(2) ), as amended by section 3, is further amended by adding at the end the following new subparagraphs: (E) Community Reinvestment Act performance The Board shall deny a notice filed pursuant to this subsection if the lead insured depository institution of the applicant or the insured depository institution that would be the lead insured depository institution of the resulting company following consummation of the proposed transaction or activity has received a rating lower than outstanding record of meeting community credit needs on— (i) two out of the three most recent written evaluations required under section 807 of the Community Reinvestment Act of 1977 ( 12 U.S.C. 2906 ); or (ii) if three such evaluations are not available, the most recent written evaluation required under such section. (F) Community benefits plan (i) In general In reviewing any notice filed under this paragraph, the Board shall require— (I) submission to the appropriate Federal financial supervisory agency of a community benefits plan