Four banks earned “outstanding” ratings for compliance with anti-redlining regulations in April, but one bank earned a “needs improvement” score, the federal bank deposit insurance agency said Friday.
The Federal Deposit Insurance Corp. (FDIC) also said 38 other banks earned “satisfactory” ratings in their Community Reinvestment Act (CRA) evaluations.
Banks earning “outstanding” ratings were: Flushing Bank of Uniondale, N.Y.; Eastern Bank of Boston; The Bankcorp Bank of Wilmington, Del.; and Tristate Capital Bank of Pittsburgh, Pa.
The only bank receiving a “needs improvement” rating was Pearland State Bank of Pearland, Texas, the FDIC said.
No bank that received an evaluation rating of “substantial noncompliance,” the lowest rating, was among those released Friday.