Of the 17 banks whose Community Reinvestment Act (CRA) evaluations became public in November, four were rated “outstanding” under the anti-redlining statute, the national bank regulator said Thursday.
The agency reported that the four rated outstanding were The National Capital Bank of Washington, Washington, D.C.; Flagstar Bank, FSB, Troy, Mich.; First Seacoast Bank, Dover, N.H.; and Fulton Bank, National Association, Lancaster, Pa.
The remaining 13 institutions were rated “satisfactory.” None from this group received either of the other two possible the CRA ratings: “needs to improve” and “substantial noncompliance.”
The OCC said its list includes only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations