FDIC plans to evaluate 387 banks under anti-redlining CRA in second half of 2021

The federal bank deposit insurer’s third- and fourth-quarter schedules for evaluations of banks’ Community Reinvestment Act (CRA) efforts include a total of 387 banks throughout the agency’s six regions.

The lists, released Friday by the Federal Deposit Insurance Corp. (FDIC), show that the largest numbers of banks to be evaluated over the two quarters – which run from July 1 to Dec. 31, 2021 – are to be found in nine states: Alabama (20 banks), Georgia (19), Iowa (23), Illinois (24), Kansas (17), Minnesota (21), Missouri (16), Pennsylvania (20), and Texas (22).

The FDIC notes that the anti-redlining CRA is aimed at encouraging insured banks and thrifts to help meet the credit needs of the communities in which they are chartered to do business, including low- and moderate-income neighborhoods, consistent with safe and sound operations. CRA examinations are conducted to assess an institution’s record of helping to meet those needs.

FDIC Issues CRA Examination Schedules for Third Quarter 2021 and Fourth Quarter 2021

FDIC’s CRA exam schedules

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