Of the 21 banks whose anti-redlining evaluation ratings were made public in May, seven were rated “outstanding” and one was rated “needs to improve,” according to data released Friday by the Office of the Comptroller of the Currency.
The remaining institutions – 13 in all – received “satisfactory” as their rating. None of the institutions was labeled with the fourth and least-favorable rating of “substantial noncompliance” available under the statute, the 1977 Community Reinvestment Act (CRA).
The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
Midland FS & LA, Bridgeview, Ill., received the “needs to improve” rating. The seven banks rated “outstanding” were:
- Libertyville Bank & Trust Company, National Association, Libertyville, Ill.
- Wintrust Bank, National Association, Chicago
- Security Federal Savings Bank, Logansport, Ind.
- The Citizens National Bank of Park Rapids, Park Rapids, Minn.
- Champlain National Bank, Elizabethtown, N.Y.
- The First National Bank of Groton, Groton, N.Y.
- Town Bank, National Association, Hartland, Wis.