Eighteen banks’ Community Reinvestment Act (CRA) evaluation ratings became public in January, and of those, six were “outstanding” and three were rated “needs to improve,” the national bank regulator said Thursday.
The Office of the Comptroller of the Currency (OCC) said the remaining nine banks were rated “satisfactory” under rules implementing the 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. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.
The banks rated “needs to improve” included The National Iron Bank, Salisbury, Conn.; Dearborn FSB, Dearborn, Mich.; and Generations Bank, Seneca Falls, N.Y., the OCC said.
The six “outstanding” ratings went to Douglas National Bank, Douglas, Ga.; First National Bank and Trust, Phillipsburg, Kan.; BOKF, National Association, Tulsa, Okla.; Inwood National Bank, Dallas, Texas; Bank First, National Association, Manitowoc, Wis.; and Hancock County Savings Bank, F.S.B., Chester, W.Va.
OCC Releases CRA Evaluations for 18 National Banks and Federal Savings Associations