Comptroller’s office rates 12 banks ‘outstanding’ for CRA compliance

Twelve of the 35 banks whose examination ratings under the anti-redlining Community Reinvestment Act (CRA) became public in March were deemed “outstanding” by the Office of the Comptroller of the Currency (OCC), with the remaining rated “satisfactory,” the agency said in a release Tuesday.

The release showed no “needs to improve” or “substantial noncompliance” ratings assigned.

The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. Only one of four ratings is possible: outstanding, satisfactory, needs to improve, or substantial noncompliance.

The banks rated “outstanding” were:

  • Landmark National Bank, Manhattan, Kan.
  • First National Bank of Louisiana, Crowley, La.
  • Westfield Bank, Westfield, Mass.
  • First Shore FS & LA, Salisbury, Md.
  • Jackson FS & LA, Jackson, Minn.
  • Keen Bank, National Association, Waseca, Minn.
  • First National Bank and Trust Co. of Bottineau, Bottineau, N.D.
  • First National Bank of Omaha, Omaha, Neb.
  • Abacus Federal Savings Bank, New York, N.Y.
  • Fifth Third Bank, National Association, Cincinnati, Ohio
  • Elizabethton Federal Savings Bank, Elizabethton, Tenn.
  • The First National Bank of Williamson, Williamson, W.Va.

OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations