Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades.
The Federal Deposit Insurance Corp. (FDIC) said the three banks earning “needs improvement” ratings (the second lowest score issued by the agency; the lowest is “substantial noncompliance,” which no bank earned) were Community Bank of Raymore, Raymore, Mo., and Sewickley Savings Bank, Sewickley, Pa.
The three banks earning “outstanding” grades for their compliance with regulations implementing the Community Reinvestment Act (CRA) were:
- Cambridge Savings Bank, Cambridge, Mass.
- Bank Hapoalim B.M., New York, N.Y.
- Seamen’s Bank, Provincetown, Mass.
The other 56 banks earned ratings of “satisfactory” for CRA rule compliance by the FDIC.
The latest ratings come on the heels of an announcement March 28 by the three federal banking regulators, who announced their agreement to rescind the latest changes to the rules adopted in 2023. The agencies said they were reinstating the reinstate the CRA framework that existed prior to the October 2023 final rule, which dated to 1995.
The agencies said they will “continue to work together to promote a consistent regulatory approach on their implementation of the CRA.”
Monthly List of Banks Examined for CRA Compliance – April 2025