Four banks earned “outstanding” ratings in May for their compliance with rules implementing anti-redlining laws, the federal insurer of bank deposits said Thursday; all the other 55 banks received ratings of satisfactory.
No banks earned the lowest ratings of “needs to improve” or “substantial noncompliance.”
The ratings released by the Federal Deposit Insurance Corp. (FDIC) showed that the banks receiving “outstanding” ratings were:
- Cadence Bank in Tupelo, Miss.;
- Savings Bank of Danbury in Danbury, Conn.;
- Wheatland Bank in Spokane, Wash.;
- Square Financial Services, Inc., in Salt Lake City, Utah.
FDIC Issues List of Banks Examined for CRA Compliance – August