Six banks were deemed “outstanding” under the anti-redlining Community Reinvesment Act (CRA), and 15 were “satisfactory,” according to the latest list of rating released by the national bank regulator.
The ratings for this batch of banks became public in April, the Office of the Comptroller of the Currency (OCC) said in a release Monday.
The six banks rated “outstanding” were First National Bank, Paragould, Ark.; First Shore Federal Savings & Loan Association, Salisbury, Md.; Maple City Savings Bank, Federal Savings Bank, Hornell, N.Y.; National Cooperative Bank, National Association, Hillsboro, Ohio; First National Bank of Tennessee, Livingston, Tenn.; and Amarillo National Bank, Amarillo, Texas.
None of the banks on this list received a rating of “needs to improve” or “substantial noncompliance,” the only other two ratings available in a CRA evaluation.
Under the CRA, the OCC 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 OCC said this 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 21 National Banks and Federal Savings Associations
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