Five of the 15 banks whose Community Reinvestment Act (CRA) ratings were made public in October received the rating of “outstanding,” according to information posted Wednesday by the national bank regulator.
The Office of the Comptroller of the Currency (OCC) also assigned the rating of “substantial noncompliance” to one bank, with the remaining nine deemed “satisfactory” for their efforts under the anti-redlining statute.
The five banks rated “outstanding” included Citibank, N.A., Sioux Falls, S.D.; The Camden National Bank, Camden, Maine; Mountain Valley Bank, National Association, Elkins, W.Va.; First National Bank of Wauchula, Wauchula, Fla.; and Ponce Bank, Bronx, N.Y.
Rated as demonstrating “substantial noncompliance” was The Lemont National Bank, Lemont, Ill.