Two banks earn ‘outstanding’ CRA ratings from FDIC; a third earns ‘needs improvement’

Two banks earned anti-redlining ratings of “outstanding” in January, according to the federal insurer of bank deposits – but a third bank earned a rating of “needs improvement,” the agency said Tuesday.

In releasing its list of state-chartered, non-Federal Reserve member banks evaluated in the first month of the year, the FDIC said 41 other banks earned ratings of “satisfactory” for their compliance with rules implementing the Community Reinvestment Act (CRA).

Banks earning the “outstanding” ratings were First Columbia Bank & Trust Co. in Bloomsburg, Pa., and Merchants Bank of Indiana in Carmel, Ind.

The only bank receiving a “needs improvement” rating was Community Bank of Raymore in Raymore, Mo.

No bank received the fourth, lowest rating of “substantial non-compliance” from the FDIC.

FDIC Issues List of Banks Examined for CRA Compliance