FDIC: Four banks receive ‘outstanding’ CRA ratings in September, while one ‘needs to improve’

Four out of the 46 banks that received their Community Reinvestment Act (CRA) ratings from the federal bank deposit insurer in September were rated “outstanding” for their efforts under the anti-redlining statute, according to information released Friday.

The Federal Deposit Insurance Corp. (FDIC) in September gave the “outstanding” CRA ratings to International Bank of Commerce, Laredo, Texas; Greenfield Savings Bank, Greenfield, Mass.; Beneficial State Bank, Oakland, Calif.; and First Financial Northwest Bank, Renton, Wash.

No bank on the September list was rated “substantial noncompliance,” and all but one of the remaining 42 were rated “satisfactory.” First Trust and Savings Bank, Coralville, Iowa, was rated “needs to improve,” the data shows.

FDIC Issues List of Banks Examined for CRA Compliance