The regulator of national banks on Friday released Community Reinvestment Act (CRA) evaluation ratings for 16 banks, calling five of them “outstanding” and 11 “satisfactory” for their efforts to comply with the anti-redlining law.
The five institutions rated “outstanding” by the Office of the Comptroller of the Currency (OCC) included Universal Bank, West Covina, Calif.; Community Development Bank FSB, Ogema, Minn.; Modern Bank, National Association, New York; Capital One Bank (USA), National Association, Glen Allen, Va.; and Capital One, National Association, McLean, Va.
The ratings released Friday became public in June, the OCC said. None of the institutions in the OCC’s June list was rated “needs to improve” or “substantial noncompliance.”
CRA Performance Evaluations: June 2021
OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations