3 banks rated ‘outstanding’ in latest batch of CRA ratings from OCC

Three banks received the highest rating possible – “outstanding” – in their Community Reinvestment Act (CRA) evaluations this summer by the Office of the Comptroller of the Currency (OCC), while another 25 were rated “satisfactory,” according to an OCC release Tuesday.

The possible ratings under the anti-redlining statute are outstanding, satisfactory, needs to improve, and substantial noncompliance.

The three “outstanding” recipients were First National Bank of Scotia, Scotia, N.Y.; Worthington National Bank, Arlington, Texas; and The First Liberty National Bank, Liberty, Texas.

The 28 ratings announced Tuesday are for CRA evaluations conducted from June to September. These ratings became public during the month of November, OCC said.

OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations

CRA Performance Evaluations: November 2018