Seven banks receive ‘outstanding’ ratings for CRA performance; none rated less than ‘satisfactory’

No banks received a “needs improvement” or “substantial noncompliance” ratings in their anti-redlining evaluations released Thursday by the national bank regulator. Seven of the evaluations, out of 31 released, were “outstanding” ratings, the agency said.

The ratings were for Community Reinvestment Act (CRA) performance from the Office of the Comptroller of the Currency (OCC) for those made public between Dec. 1 and Jan. 31, the agency said. The OCC said the balance of the evaluations made public were for “satisfactory” performance.

The seven banks earning “outstanding” ratings were:

  • Rockland Savings Bank, FSB, Rockland, Maine;
  • Pioneer Trust Bank, National Association; Salem, Oregon;
  • American Express National Bank, Sandy, Utah;
  • The Old Point National Bank of Phoebus, Hampton, Va.;
  • The Bank of Bennington, Bennington, Vermont;
  • Baker Boyer National Bank, Walla Walla, Wash.;
  • Summit National Bank, Hulett, Wyoming.

OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations