Six banks earn ‘outstanding’ evaluations for CRA; one ‘needs to improve’

Six of 15 banks in recent anti-redlining performance evaluations were rated “outstanding” by the regulator of national banks in results released Tuesday; one bank, the agency said, “needs to improve.”

It its regular monthly release of performance evaluations for bank compliance with the Community Reinvestment Act (CRA), the Office of the Comptroller of the Currency (OCC) said the remaining eight banks received “satisfactory” evaluations. The evaluations became public, the agency said, March 1-31. No bank evaluations received the fourth rating: substantial noncompliance.

Banks receiving the “outstanding” rating were:

  • Santander Bank, Wilmington, Del.
  • Wilmington Savings Fund Socieity, Wilmington, Del.
  • Community National Bank and Trust, Chanute, Kan.
  • BOKF (Bank of Oklahoma), Tulsa, Okla.
  • The Conway National Bank, Conway, S.C.
  • Pyramax Bank, Greenfield, Wis.

The lone bank receiving the “needs to improve” rating was Metropolitan Bank and Trust Co., New York, N.Y.

OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations