Nine banks earned ratings in May and July of “outstanding” for their compliance with rules implementing anti-redlining laws, the regulator of national banks and the federal insurer of bank deposits said Wednesday.
The Office of the Comptroller of the Currency (OCC) said seven banks it examined earned the “outstanding” ratings, the highest rating issued by the agency in July.
Another 15 banks earned ratings of “satisfactory,” the OCC said; no banks earned ratings of “needs improvement” or “substantial non-compliance.”
The seven banks earning the highest rating from the agency of “outstanding” for compliance with Community Reinvestment Act (CRA) rules were:
- The Citizens First National Bank of Storm Lake, Storm Lake, Iowa;
- The City National Bank of Metropolis, Metropolis, Ill.;
- First National Bank of Benton, Benton, La.;
- Community Federal Savings Bank, Woodhaven, N.Y.;
- First National Bank in Philip, Philip, S.D.;
- Oak View National Bank, Warrenton, Va.
- Seacoast National Bank, Stuart, Fla.
Meanwhile, the Federal Deposit Insurance Corp (FDIC) said it awarded “outstanding” evaluation ratings to two banks in May – and one “substantial non-compliance” rating – include among the 47 banks it examined for CRA compliance that month.
The FDIC said Central Bank & Trust Co. of Lexington, Ky., and River City Bank, Inc., of Louisville, Ky., earned the outstanding ratings, the highest assigned by the agency.
SouthEast Bank of Farragut, Tenn., earned the lone “substantial non-compliance” rating, the lowest assigned by the regulator.
All other banks in the FDIC listing earned “satisfactory” ratings.