3 banks ‘outstanding,’ 26 ‘satisfactory’ in OCC’s latest list of CRA ratings

Three of the 29 banks whose Community Reinvestment Act (CRA) evaluations ratings became public in May were rated “outstanding” by their federal regulator, the agency reported Wednesday.

The Office of the Comptroller of the Currency (OCC) noted that the remaining institutions – 26 in all – were rated “satisfactory” for their efforts under the anti-redlining statute.

The three institutions earning the outstanding rating were Old Second National Bank, Aurora, Ill.; Credit One Bank, National Association, Las Vegas, Nev.; and Tri City National Bank, Oak Creek, Wis.

The OCC noted that Tuesday’s 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.

Evaluations for the 29 banks were completed between mid-November 2021 and mid-March, according to the data.

OCC Releases CRA Evaluations for 29 National Banks and Federal Savings Associations