Ratings of banks evaluated under the federal anti-redlining law, and announced Wednesday, include a total of 10 banks rated “outstanding,” 52 rated “satisfactory,” and one rated “needs to improve.”
None of the banks included in Wednesday’s list was given the rating of “substantial noncompliance,” according to the lists.
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) both released lists of Community Reinvestment Act (CRA) ratings on Wednesday, the FDIC’s list including those institutions for which ratings were assigned in July, and the OCC’s list covering those whose ratings became publicly available in September.
The OCC released ratings for a total of 28 banks; the FDIC, 56.
Banks rated “outstanding” by the OCC included:
- Legacy National Bank, Springdale, Ark.
- First Century Bank, National Association, Commerce, Ga.
- Village Bank & Trust, National Association, Arlington Heights, Ill.
- Fairfield FS & LA, Lancaster, Ohio
- The First National Bank of Pandora, Pandora, Ohio
- The First National Bank of Waverly, Waverly, Ohio
- NexTier Bank, National Association, Kittanning, Pa.
Those rated “outstanding” by the FDIC included:
- Northeast Bank, Minneapolis, Minn.
- Barclays Bank Delaware, Wilmington, Del.
- BankGloucester, Gloucester, Mass.
The FDIC rated The State Bank of Spring Hill, Spring Hill, Kan., as “needs to improve.”
OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations