10 banks out of 39 earn ‘outstanding’ CRA marks in July; none others receive less than ‘satisfactory’

Ten banks or savings associations earned “outstanding” ratings for their efforts in community reinvestment, and 29 others received ratings of “satisfactory,” according to the performance evaluations for July released Thursday by the federal regulator of national banks.

No ratings of “needs improvement” or “substantial non-compliance” for banks or savings associations were included in the July release.

According to the Office of the Comptroller of the Currency (OCC), the 10 banks receiving the “outstanding” ratings were:

  • Large banks: El Dorado Savings Bank, F.S.B., Placerville, CA; KeyBank, N.A., Cleveland, OH; Capital One, National Association, McLean, VA.
  • Intermediate small bank: First FS & LA of McMinnville, McMinnville, OR.
  • Small banks: Landry Homestead FSB, Opelousas, LA; The First National Bank of Milaca, Milaca, MN; The Brenham National Bank, Brenham, TX.
  • Wholesale banks: BNY Mellon, National Association, Pittsburgh, PA; Morgan Stanley Bank, National Association, Salt Lake City, UT.
  • “Strategic plan:” Department Stores National Bank, Sioux Falls, SD

Among the 29 banks receiving “satisfactory” ratings were one “wholesale bank,” three “large banks,” six “intermediate small banks,” and 19 “small banks.”

OCC Releases CRA Evaluations for 40 National Banks and Federal Savings Associations

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