Six banks earn ‘outstanding’ ratings for CRA compliance in February; 11 receive ‘satisfactory’

A rating of “outstanding” was awarded to six financial institutions in February for Community Reinvestment Act (CRA) compliance, the Office of the Comptroller of the Currency (OCC) stated Thursday in a release. The other 11 evaluations released were awarded ratings of “satisfactory,” the national bank regulator stated.

Possible ratings for compliance with the anti-redlining law are outstanding, satisfactory, needs to improve, and substantial noncompliance; none of the evaluations of the 17 institutions were given either of the latter two ratings. OCC noted that the list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.

Financial institutions receiving “outstanding” ratings were: BMO Harris Bank N.A., Chicago, Ill.; Cedar Hill National Bank, Charlotte, N.C.; First National Bank of Omaha, Omaha, Neb.; First National Bank of Oklahoma, Oklahoma City, Okla.; First Dakota National Bank, Yankton, S.D.; PyraMax Bank, FSB, Greenfield, Wis.

OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations

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