FDIC awards four banks with ‘outstanding’ CRA ratings

Four banks earned “outstanding” ratings in January for their compliance with rules implementing federal anti-redlining laws, according to the April release of Community Reinvestment Act (CRA) evaluation ratings assigned by the federal bank deposit insurance agency.

The four banks (out of 57 total ratings issued by the Federal Deposit Insurance Corp. (FDIC)) were: Carrollton Bank of Carrollton, Ill.; Paper City Savings Association of Wisconsin Rapids, Wis.; RiverHills Bank of Milford, Ohio; and The Potter State Bank of Potter of Potter, Neb.

The remaining 53 banks, the agency said, received compliance with Community Reinvestment Act (CRA) rules of “satisfactory.” No banks earned the ratings of “needs to improve” or “substantial non-compliance.”

April 2022 List of Banks Examined for CRA Compliance