Four financial institutions received “outstanding” ratings for their compliance with Community Reinvestment Act (CRA) regulations in February, the federal deposit insurer said Friday, out of a total of 72 bank ratings released.
Only one bank received a rating of “needs to improve”; the remaining 67 banks earned compliance ratings of “satisfactory,” the Federal Deposit Insurance Corp. (FDIC) reported.
The agency said that the banks earning the “outstanding” ratings were:
- Branch Banking and Trust Co. of Winston-Salem, N.C. (Assets: $216 billion)
- Liberty Bank of Middletown, Conn. ($4.7 billion);
- HarborOne Bank of Brockton, Mass. ($2.6 billion);
- WebBank of Salt Lake City, Utah ($628 million).
The sole bank earning a “needs to improve” rating (only a rating of “Substantial Non-compliance” is lower) was Laurel Road Bank of Laurel, Conn. ($606 million).
All asset figures are as of year-end 2017.
By regions, of the 72 banks whose ratings were released by FDIC: 15 were in the Atlanta region; 17 in the Chicago region; nine in the Dallas region; 14 in the Kansas City region; 12 in the New York region; and the remaining five in the San Francisco region.