OCC rates 14 out of 39 banks ‘outstanding’ under CRA, November list shows

Fourteen banks were rated “outstanding” for their compliance with the anti-redlining Community Reinvestment Act (CRA), and 25 were deemed “satisfactory,” the Office of the Comptroller of the Currency (OCC) said in announcing CRA ratings made public in November.

The possible ratings in CRA evaluations are outstanding, satisfactory, needs to improve, and substantial noncompliance. None of the banks on the OCC’s November list of 39 banks received a rating of “needs to improve” or “substantial noncompliance,” the list shows.

The 14 banks rated “outstanding” are:

  • Solera National Bank, Lakewood, Colo.
  • Eastern National Bank, Miami, Fla.
  • The Clinton National Bank, Clinton, Iowa
  • BMO Harris Bank National Association, Chicago, Ill.
  • Union FS & LA, Kewanee, Ill.
  • Argentine Federal Savings, Kansas City, Kan.
  • First National Bank, Arcadia, La.
  • Home FS&LA of Grand Island, Grand Island, Neb.
  • Greenville Federal, Greenville, Ohio
  • The National Bank of Adams County of West Union, West Union, Ohio
  • BNY Mellon, National Association, Pittsburgh, Pa.
  • Dollar Bank, Federal Savings Bank, Pittsburgh, Pa.
  • Cornerstone Bank, National Association, Lexington, Va.
  • Hancock County Savings Bank, F.S.B., Chester, W.Va.

OCC Releases CRA Evaluations for 39 National Banks and Federal Savings Associations

CRA Performance Evaluations: November 2020