Thirteen of the 36 banks whose Community Reinvestment Act (CRA) ratings became public from September through November of last year were deemed to be “outstanding,” the Office of the Comptroller of the Currency (OCC) said.
In a release last week, the OCC said the other institutions in this batch – all 23 of them – turned in a “satisfactory” performance under the 1977 anti-redlining statute. None received either of the other two ratings possible: needs to improve, or substantial noncompliance.
The 13 banks rated outstanding were:
- City First Bank, National Association, Washington, D.C.
- Amerant Bank, National Association, Coral Gables, Fla.
- Hometown National Bank, La Salle, Ill.
- Resource Bank, National Association, Dekalb, Ill.
- Home Bank SB, Martinsville, Ind.
- Cumberland Valley National Bank & Trust Company, London, Ky.
- Fifth District Savings Bank, New Orleans, La.
- Leader Bank, National Association, Arlington, Mass.
- Winter Hill Bank, FSB, Somerville, Mass.
- The Merchants National Bank, Hillsboro, Ohio
- Vast Bank, National Association, Tulsa, Okla.
- Cortrust Bank National Association, Mitchell, S.D.
- The First National Bank and Trust Company, Beloit, Wis.
The OCC said its list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
OCC Releases CRA Evaluations for 36 National Banks and Federal Savings Associations