3 ‘outstanding,’ 28 ‘satisfactory’ CRA ratings for banks unveiled by OCC

No bank that received a Community Reinvestment Act (CRA) compliance rating from the nation’s top banking regulator in December was rated lower than “satisfactory,” according to a list released Thursday.

The Office of the Comptroller of the Currency (OCC) said the CRA ratings of 31 banks became public in December, and of these, three were “outstanding” and 28 were “satisfactory.” None of the 31 rated received a rating of “needs to improve” or “substantial noncompliance.”

The OCC’s three “outstanding” CRA ratings went to City National Bank of Florida, Miami, Fla.; First National Bank in Frankfort, Frankfort, Kan.; and F&M Community Bank, National Association, Preston, Minn.

The OCC performs evaluations under the 1977 anti-redlining statute of national banks, federal savings associations, and insured federal branches of foreign banks.

OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations

CRA Performance Evaluations: December 2018