Of the 42 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in November, 13 of them – nearly one-third of the total – received ratings of “outstanding,” the Office of the Comptroller of the Currency (OCC) said in a release.
The list of evaluation ratings, issued Thursday, showed the remaining 29 institutions were deemed “satisfactory” for their performance under the federal anti-redlining statute. The 13 rated “outstanding” included:
- Community West Bank, National Association, Goleta, Calif.
- San Luis Valley Federal Bank, Alamosa, Colo.
- Citizens Bank & Trust, Inc., Trenton, Ga.
- The Citizens National Bank of Quitman, Quitman, Ga.
- Central FS & LA, Cicero, Ill.
- The First National Bank of Ava, Ava, Ill.
- Home FS&LA of Grand Island, Grand Island, Neb.
- Valley National Bank, Passaic, N.J.
- Pioneer Bank, Roswell, N.M.
- BNY Mellon, National Association, Pittsburgh, Pa.
- The First National Bank in Sioux Falls, Sioux Falls, S.D.
- Home Federal Bank of Tennessee, Knoxville, Tenn.
- Skyline National Bank, Independence, Va.
Any of four ratings is possible under the federal banking agencies’ CRA evaluation program: “outstanding,” “satisfactory,” “needs to improve,” and “substantial noncompliance.” None of the 42 institutions in Thursday’s list was rated below “satisfactory.”
OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations