In CRA ratings list for April, 20 out of 22 banks are ‘satisfactory,’ OCC reports

The latest round of Community Reinvestment Act (CRA) ratings to be released by the Office of the Comptroller of the Currency (OCC) show one bank rated “outstanding,” 20 “satisfactory” and one “needs to improve.”

The single “outstanding” rating, in the list OCC released for April, went to The First National Bank of Waverly, a small bank in Waverly, Ohio; the “needs to improve” rating went to Liberty Savings Bank, FSB, an intermediate small bank in Wilmington, Ohio.

The April ratings list includes only national banks, federal savings associations and insured federal branches of foreign banks. The four possible ratings for compliance with the CRA, a federal anti-redlining statute, are outstanding, satisfactory, needs to improve and substantial noncompliance.

OCC Releases CRA Evaluations for 22 National Banks and Federal Savings Associations

CRA Performance Evaluations: April 2018