Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings were made public in December received the highest possible rating – outstanding – in recent evaluations by the Office of the Comptroller of the Currency (OCC), the agency announced Monday.
The other 16 banks in this group were deemed satisfactory under the federal anti-redlining statute, the agency reported. The seven banks rated outstanding were:
- City National Bank of Florida, Miami, Fla.;
- Natbank, National Association, Hollywood, Fla.;
- Armed Forces Bank, National Association, Ft. Leavenworth, Kan.;
- Fidelity FS & LA of Delaware, Delaware, Ohio;
- The First Liberty National Bank, Liberty, Texas;
- The National Bank of Middlebury, Middlebury, Vt.; and
- Nicolet National Bank, Green Bay, Wis.
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 23 National Banks and Federal Savings Associations