Three out of the 14 banks whose Community Reinvestment Act (CRA) performance evaluation ratings were publicly available in July were rated “outstanding,” with the remaining 11 rated “satisfactory,” a federal banking regulator said Tuesday.
The Office of the Comptroller of the Currency (OCC) release included no banks receiving ratings of “needs to improve” or “substantial noncompliance” under the federal anti-redlining law.
The three “outstanding” rating recipients were Malaga Bank F.S.B. of Palos Verdes Peninsula, Calif., FCN Bank, National Association, of Brookville, Ind., and Capital Bank, National Association, of Rockville, Md.
OCC Releases CRA Evaluations for 14 National Banks and Federal Savings Associations