OCC rates 3 banks ‘outstanding’ for CRA performance

Ratings of “outstanding” went to three out of the 15 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) were made public in April, the Office of the Comptroller of the Currency reported in data released Tuesday.

The three outstanding performers, the OCC’s list shows, included First National Bank Alaska, Anchorage,Alaska; The Huntington National Bank, Columbus, Ohio; and Broadway National Bank, San Antonio.

The remaining 12 banks were deemed satisfactory.

The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

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

CRA Performance Evaluations: April 2021