The national bank regulator found nine banks to be “outstanding” and 15 to be “satisfactory” for compliance with the anti-redlining Community Reinvestment Act (CRA), according to ratings announced Monday that became public in February, the agency said.
The list released Monday by the Office of the Comptroller of the Currency (OCC) included no institution rated “needs to improve” or “substantial noncompliance.”
The nine banks rated “outstanding” included:
- Old Second National Bank, Aurora, Ill.
- Wintrust Bank, National Association, Chicago, Ill.
- GNBank, National Association, Girard, Kan.
- Home Bank, National Association, Lafayette, La.
- Abacus Federal Savings Bank, New York, N.Y.
- The Delaware National Bank of Delhi, Delhi, N.Y.
- First Federal Savings and Loan Association of Newark, Newark, Ohio
- Central National Bank, Waco, Texas
- Texas Heritage National Bank, Daingerfield, Texas
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. Monday’s list includes national banks, federal savings associations, and insured federal branches of foreign banks that have received CRA ratings, it said.
OCC Releases CRA Performance Evaluations for 24 National Banks and Federal Savings Associations
Leave a Reply