OCC: Two banks rated ‘needs to improve’ on CRA, seven are ‘outstanding’

Of the 42 Community Reinvestment Act (CRA) evaluations of banks made public by the agency in July, seven resulted in “outstanding” ratings and two resulted in ratings of “needs to improve,” the Office of the Comptroller of the Currency (OCC) said Friday. The remaining 31 evaluations yielded ratings of “satisfactory,” the agency said.

Banks rated “needs to improve” include:

  • Canyon Community Bank, National Association (Tucson, Ariz.); and
  • American Investors Bank and Mortgage (Eden Prairie, Minn.).

Rated “outstanding” were:

  • Seacoast National Bank (Stuart, Fla.);
  • Peoples National Bank of Kewanee (Kewanee, Ill.);
  • Resource Bank, National Association (DeKalb, Ill.);
  • Auburn Savings Bank, FSB (Auburn, Maine);
  • Bremer Bank, National Association (St. Paul, Minn.);
  • Credit One Bank, National Association (Las Vegas, Nev.); and
  • Peoples Federal Savings & Loan Association (Sidney, Ohio).

The possible ratings in a CRA evaluation are outstanding, satisfactory, needs to improve, and substantial noncompliance.

OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations

CRA Performance Evaluations: July 2019

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