In monthly record for year, 13 banks earn ‘outstanding’ CRA rating

Thirteen banks or thrifts were recently awarded “outstanding” ratings for compliance with anti-redlining laws and rules, according to performance evaluations made public last month, the federal regulator of national banks said Wednesday.

The number of “outstanding” ratings from the Comptroller of the Currency (OCC) for compliance with Community Reinvestment Act (CRA) requirements is the most in one month this year and represent more than a third of the 35 ratings made public in September.

The OCC also said that one bank earned a “needs to improve rating;” the remaining 21 earned “satisfactory” ratings.

Financial institutions receiving “outstanding” ratings include:

  • Pacific National Bank, Miami, Fla.
  • Continental National Bank, Miami, Fla.
  • The Bradford National Bank of Greenville, Greenville, Ill.
  • Central Savings, f.s.b., Chicago
  • The First National Bank of Sandoval, Sandoval, Ill.
  • The First National Bank of Sparta, Sparta, Ill.
  • Cumberland Valley National Bank and Trust Company, London, Ky.
  • First Community National Bank, Cuba, Mo.
  • Abacus Federal Savings Bank, New York, N.Y.
  • S. Bank National Association, Cincinnati, Ohio
  • Synchrony Bank, Draper, Utah (a “limited purpose” bank).

The sole institution earning a “needs to improve” rating was First National Bank of Alvin, Alvin, Texas.

OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations

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