One ‘outstanding,’ 18 ‘satisfactory’ CRA ratings bestowed by OCC, agency says

The nineteen Community Reinvestment Act (CRA) ratings released by the national bank regulator Tuesday include one “outstanding” rating and 19 “satisfactory” ratings.

The list, released by the Office of the Comptroller of the Currency (OCC), includes only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings under the agency’s rule implementing the anti-redlining law. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

No ratings of “needs to improve” or “substantial noncompliance” are on Tuesday’s list.

The one bank rated “outstanding” was First Shore FS & LA of Salisbury, Md.

CRA Performance Evaluations: February 2020

Be the first to comment

Leave a Reply

Your email address will not be published.