Of the 18 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June, five of them received ratings of “outstanding,” with the rest given ratings of “satisfactory,” the national bank regulator said Friday.
The Office of the Comptroller of the Currency (OCC) said these five “outstanding” ratings given under the anti-redlining statute went to:
- The Miners National Bank of Eveleth, Eveleth, Minn.
- Carver Federal Savings Bank, New York, N.Y.
- Amarillo National Bank, Amarillo, Texas
- Gilmer National Bank, Gilmer, Texas
- The First National Bank of Orwell, Orwell, Vt.
The OCC’s list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings, the agency said.
Any of four ratings is possible from a CRA examination: outstanding, satisfactory, needs to improve, and substantial noncompliance.
OCC Releases CRA Evaluations for 18 National Banks and Federal Savings Associations