7 out of 25 banks rated for CRA deemed ‘outstanding,’ OCC says

Of the 25 banks that received their Community Reinvestment Act (CRA) evaluation ratings in December, seven of those were rated “outstanding” and the remaining 18, “satisfactory,” the national bank regulator said Tuesday.

The list of ratings from the Office of the Comptroller of the Currency (OCC) included no ratings of “needs to improve” or “substantial noncompliance,” the other two ratings possible under rules implementing the federal anti-redlining statute.

The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.

Institutions that received the CRA rating of “outstanding” in December included:

  • First National Bank Colorado, Las Animas, Colo.
  • BMO Harris Bank National Association, Chicago, Ill.
  • Citizens National Bank of Albion, Albion, Ill.
  • Catalyst Bank, Opelousas, La.
  • Sunrise Banks, National Association, St. Paul, Minn.
  • Geddes FS & LA, Syracuse, N.Y.
  • Lone Star National Bank, Pharr, Texas

OCC Releases CRA Evaluations for 25 National Banks and Federal Savings Associations