Six banks earned ‘outstanding’ ratings for CRA compliance in January (out of 21 total ratings made public)

“Outstanding” was the rating six banks earned for their performance in meeting the requirements of anti-redlining rules, according to a list of ratings of 21 banks released Tuesday by the federal regulator of national banks.

The Office of the Comptroller of the Currency (OCC) said the other 15 banks on the list received ratings of “satisfactory” for their compliance with rules implementing the Community Reinvestment Act (CRA), a law meant to combat redlining practices by banks.

No banks were assigned ratings of either “needs to improve” or “substantial noncompliance.”

Banks receiving the “outstanding” ratings included:

  • TD Bank USA, N.A., Wilmington, Del.
  • North Side FS & LA of Chicago, Chicago, Ill.
  • Rosedale FS & LA, Baltimore, Md.
  • The First National Bank of Henning, Ottertail, Minn.
  • Department Stores National Bank, Sioux Falls, S.D.
  • Community National Bank, Derby, Vt.

The overall list of 21 institutions (whose performance evaluations were made public last month) contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings, the agency said.

OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations

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