Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC).
The remaining 21 banks were rated “satisfactory,” according to the OCC list released Monday. The CRA evaluations assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the bank’s safe and sound operation.
Ratings of “outstanding” went to:
- AMG National Trust Bank, Colo.
- City First Bank, National Association, Washington, D.C.
- Northbrook Bank and Trust Company, National Association, Northbrook, Ill.
- Charles Bank and Trust Company, National Association, Saint Charles, Ill.
- Valley National Bank, Morristown, N.J.
- The First National Bank in Sioux Falls, Sioux Falls, S.D.
- First National Bank of Bosque County, Valley Mills, Texas
- Llano National Bank, Llano, Texas
Four ratings are possible under the CRA: outstanding, satisfactory, needs to improve, or substantial noncompliance.
OCC Releases CRA Performance Evaluations for 29 National Banks and Federal Savings Associations
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