Community Reinvestment Act (CRA) compliance ratings made publicly available in March showed four institutions with ratings of “outstanding” and another 20 with ratings of “satisfactory,” the Office of the Comptroller of the Currency (OCC) said in a release Wednesday.
There are four possible ratings in the OCC’s evaluations of compliance with the anti-redlining statute: outstanding, satisfactory, needs to improve, and substantial noncompliance. None of the 24 institutions on the March list was deemed less than satisfactory. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
The four institutions rated “outstanding” were Presidential Bank, FSB, of Bethesda, Md.; The First National Bank of Fairbury, Fairbury, Neb.; The First National Bank of Groton, Groton, N.Y.; and The Conway National Bank, Conway, S.C.
OCC Releases CRA Evaluations for 24 National Banks and Federal Savings Associations