The national bank regulator on Tuesday said it rated 10 banks “outstanding” for their performance under the anti-redlining Community Reinvestment (CRA), but rated two institutions “needs to improve,” in evaluations that became public in July.
The remaining 15 banks on the July list were deemed “satisfactory” under the statute, the Office of the Comptroller of the Currency (OCC). None on Tuesday’s list of ratings was rated as showing “substantial noncompliance,” the lowest of the four ratings available under CRA rules.
The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
Those rated “outstanding” included:
- The First National Bank of Izard County, Calico Rock, Ark.
- Mission National Bank, San Francisco, Calif.
- First National Bank in Taylorville, Taylorville, Ill.
- Home Federal Savings Bank, Rochester, Minn.
- Midcountry Bank, Bloomington, Minn.
- Bank of America, National Association, Charlotte, N.C.
- Dakota Community Bank & Trust, National Association, Hebron, N.D.
- First United National Bank, Fryburg, Pa.
- Austin Bank, Texas National Association, Jacksonville, Texas
- Synchrony Bank, Draper, Utah
The two “needs to improve” ratings were assigned to GN Bank, Chicago, Ill.; and OceanFirst Bank, National Association, Toms River, N.J.
OCC Releases CRA Evaluations for 27 National Banks and Federal Savings Associations