OCC: 19 bank CRA ratings include 4 ‘outstanding,’ 2 ‘needs to improve’

Of the 19 banks whose Community Reinvestment Act (CRA) ratings became public in March, four received ratings of “outstanding” and two received ratings of “needs to improve,” the national bank regulator said Monday.

The Office of the Comptroller of the Currency (OCC) said the remaining 13 institutions were rated satisfactory under rules implementing the federal anti-redlining statute. The fourth rating possible is “substantial noncompliance,” of which none was included in the March release.

The banks rated “outstanding” included Native American Bank, National Association, Denver, Colo.; TD Bank USA, National Association, Wilmington, Del.; The Clinton National Bank, Clinton, Iowa; and Rosedale FS & LA, Baltimore, Md.

Those rated “needs to improve” were Trustmark National Bank, Jackson, Miss.; and CFBank, National Association, Columbus, Ohio.

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

OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations

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