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Lending / The Ticker

OCC reveals Community Reinvestment Act performance ratings

Six banks received outstanding ratings

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The Office of the Comptroller of the Currency released a list of Community Reinvestment Act performance evaluations. The list contains only national banks, federal savings associations and insured federal branches of foreign banks. Under the CRA guidelines, banks are legally required to meet the credit needs of low- and moderate-income communities.

Of the 32 firms evaluated, six received outstanding ratings, 26 scored satisfactory and zero fell into the category of being rated out of compliance.

The list of 32 firms can be found here.

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