Community Reinvestment Act (CRA) evaluation ratings for 96 banks released Friday included 10 ratings of “outstanding” and two ratings of “needs to improve,” according to data from the top two federal banking regulators.
The Federal Deposit Insurance Corp. (FDIC) on Friday said that in August it awarded two ratings of “outstanding” and two ratings of “needs to improve,” with the remaining 68 banks evaluated under the anti-redlining statute deemed “satisfactory.” The Office of the Comptroller of the Currency (OCC), noting that the ratings it released were those most recently made publicly available, included eight ratings of “outstanding” and 16 of “satisfactory.”
None of the 96 banks in either agency’s list received the poorest rating of “substantial noncompliance,” the releases show.
In August, the FDIC awarded the CRA rating of “outstanding” to United Bank, Atmore, Ala., and Middlesex Savings Bank, Natick, Mass. It gave “needs to improve” ratings to The Union Banking Company, West Mansfield, Ohio, and SouthEast Bank, Farragut, Tenn.
The OCC’s ratings of “outstanding” were awarded to Terrabank National Association, Miami, Fla.; The Fairfield National Bank, Fairfield, Ill.; The First National Bank of Manchester, Manchester, Ky.; The First National Bank of Milaca, Milaca, Minn.; The Citizens National Bank of McConnelsville, McConnelsville, Ohio; Citizens Bank, National Association, Providence, R.I.; First-Lockhart National Bank, Lockhart, Texas; and Woodforest National Bank, The Woodlands, Texas.