OCC releases 12 CRA evaluation ratings, including 1 ‘outstanding,’ 1 ‘needs to improve’

Ten “satisfactory” ratings, one “outstanding,” and one “needs to improve” were assigned under Community Reinvestment Act evaluations that the Office of the Comptroller of the Currency (OCC) released to the public in September, the OCC said Thursday.

Both the best and worst ratings went to banks in Texas: Inwood National Bank (Dallas) was rated “outstanding,” while USAA Federal Savings Bank (San Antonio) was rated “needs to improve.”

Evaluations under the anti-redlining CRA measure banks’ performance for their record of meeting the credit needs of their entire communities, including low- and moderate-income neighborhoods, consistent with safe and sound operation of the institution. Possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

OCC Releases CRA Evaluations for 12 National Banks and Federal Savings Associations