The national bank regulator said the six banks whose anti-redlining Community Reinvestment Act (CRA) ratings became public in September included three with “outstanding” ratings and three “satisfactory.”
The list from the Office of the Comptroller of the Currency (OCC) shows the three “outstanding” ratings went to San Luis Valley Federal Bank, Alamosa, Colo.; First Federal Savings and Loan Association of Bath, Bath, Maine; and First Savings and Loan Association, Mebane, N.C.
Rated “satisfactory,” it shows, were Kentland Federal Savings and Loan Association, Kentland, Ind.; Ozark Federal Savings and Loan Association, Farmington, Mo.; and First Commercial Bank, Fort Worth, Texas.
No institution rated “needs to improve” or “substantial noncompliance,” was included in the September list.
The OCC said that under the CRA, it assesses an institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution.
The agency said the September list includes the national banks, federal savings associations, and insured federal branches of foreign banks that have received CRA ratings.
OCC Releases CRA Performance Evaluations for Six National Banks and Federal Savings Associations
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