FDIC list shows 13% of banks rated ‘outstanding’ under CRA, and none below ‘satisfactory,’ in October

Eleven out of 83 banks receiving evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in October were rated “outstanding” by the nation’s federal bank deposit insurer, while the remaining 72 were deemed to be “satisfactory.”

Those 11 institutions make up 13.3% of all banks and thrifts receiving CRA ratings in October from the Federal Deposit Insurance Corp. (FDIC), which released the findings Thursday in its January 2019 release on CRA ratings. None of the 83 banks on that list fell into either of the two lower CRA rating categories (“needs to improve” and “substantial noncompliance”), the list shows.

As rated in October, banks in the “outstanding” CRA category are:

  • Carrollton Bank, Carrollton, Ill.
  • Southside Bank, Tyler, Texas
  • Hingham Institution for Savings, Hingham, Mass.
  • Flushing Bank, Uniondale, N.Y.
  • Tristate Capital Bank, Pittsburgh, Pa.
  • York Traditions Bank, York, Pa.
  • Opus Bank, Irvine, Calif.
  • Peoples Bank of Deer Lodge, Deer Lodge, Mont.
  • TrailWest Bank, Lolo, Mont.
  • UBS Bank USA, Salt Lake City, Utah
  • Community First Bank, Kennewick, Wash.

The CRA was enacted in 1977 to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations.

FDIC performs CRA evaluations of state nonmember banks. A copy of an individual bank’s CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC’s Public Information Center.

FDIC Issues List of Banks Examined for CRA Compliance

January 2019 List of Banks Examined for CRA