Three national banks and one federal savings association (FSA) supervised by the Office of the Comptroller of the Currency (OCC) were rated “outstanding” for their Community Reinvestment Act (CRA) compliance efforts in evaluations that became public in April, the agency said in its latest public release on CRA evaluations.
The other 28 of the total 32 evaluations that were made public that month resulted in ratings of “satisfactory,” the agency’s release shows. None of the institutions on the April list was shown to have received a rating of “needs to improve” or “substantial noncompliance.”
Those deemed “outstanding” include TD Bank, N.A., Wilmington, Del.; PNC Bank, National Association, Wilmington, Del.; Home Savings & Loan Association of Carroll County, F.A., Norborne, Mo.; and Tri City National Bank, Oak Creek, Wis.
The CRA, enacted in 1977, prohibits redlining and encourages efforts to meet the credit needs of all community members, including residents of low- and moderate-income neighborhoods.