Nearly one-third of banks in latest batch of 42 CRA ratings were ‘outstanding,’ agency says

Of the 42 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in November, 13 of them – nearly one-third of the total – received ratings of “outstanding,” the Office of the Comptroller of the Currency (OCC) said in a release.

The list of evaluation ratings, issued Thursday, showed the remaining 29 institutions were deemed “satisfactory” for their performance under the federal anti-redlining statute. The 13 rated “outstanding” included:

  • Community West Bank, National Association, Goleta, Calif.
  • San Luis Valley Federal Bank, Alamosa, Colo.
  • Citizens Bank & Trust, Inc., Trenton, Ga.
  • The Citizens National Bank of Quitman, Quitman, Ga.
  • Central FS & LA, Cicero, Ill.
  • The First National Bank of Ava, Ava, Ill.
  • Home FS&LA of Grand Island, Grand Island, Neb.
  • Valley National Bank, Passaic, N.J.
  • Pioneer Bank, Roswell, N.M.
  • BNY Mellon, National Association, Pittsburgh, Pa.
  • The First National Bank in Sioux Falls, Sioux Falls, S.D.
  • Home Federal Bank of Tennessee, Knoxville, Tenn.
  • Skyline National Bank, Independence, Va.

Any of four ratings is possible under the federal banking agencies’ CRA evaluation program: “outstanding,” “satisfactory,” “needs to improve,” and “substantial noncompliance.” None of the 42 institutions in Thursday’s list was rated below “satisfactory.”

OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations