None of the 19 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in May was rated “needs to improve” or “substantial noncompliance,” the Office of the Comptroller of the Currency (OCC) said Monday.
Of the 19 institutions, the OCC said, eight were rated “outstanding” and 11 were rated “satisfactory” under the federal anti-redlining statute.
The eight banks rated “outstanding” were:
- PNC Bank, National Association, Wilmington, Del.
- First National Bank, Cloverdale, Ind.
- United Fidelity Bank, F.S.B., Evansville, Ind.
- Industrial and Commercial Bank of China (USA), National Association, New York, N.Y.
- Keybank National Association, Cleveland, Ohio
- Texas National Bank, Mercedes, Texas
- Community National Bank, Derby, Vt.
- Hilltop National Bank, Casper, Wyo.
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 19 National Banks and Federal Savings Associations