6 out of 33 banks evaluated get ‘outstanding’ CRA ratings from OCC

The latest list of banks evaluated by the Office of the Comptroller of the Currency (OCC) for Community Reinvestment Act (CRA) compliance includes six institutions rated “outstanding” and 27 rated “satisfactory,” the agency said in a release Wednesday.

None of the 33 banks on this list, covering evaluations that became public in May, received either of the two lower ratings possible (“needs to improve” and “substantial noncompliance”), the release shows.

The six institutions rated “outstanding” for compliance with the anti-redlining law were: First FS&LA of Valdosta, Valdosta, Ga.; First National Bank of Muscatine, Muscatine, Iowa; Farmers National Bank, Phillipsburg, Kan.; Morgan Stanley Private Bank, N.A., Purchase, N.Y.; Warsaw Federal Savings & Loan Association, Cincinnati; and Home Federal Savings and Loan Association, Bamberg, S.C.

OCC Releases CRA Evaluations for 33 National Banks and Federal Savings Associations