Four banks earn ‘outstanding,’ four others ‘need improvement,’ in latest CRA ratings

Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of bank deposits.

Another 53 banks earned “satisfactory,” according to the ratings issued by the Federal Deposit Insurance Corp. (FDIC).

The four banks receiving outstanding (“O”) ratings for their compliance with rules implementing the Community Reinvestment Act (CRA) were:

  • Tustin Community Bank of Tustin, Calif.;
  • The Cape Cod Five Cents Savings Bank of Hyannis, Mass.;
  • The Stock Exchange Bank of Woodward, Okla; and,
  • Medallion Bank of Salt Lake City. Utah.

The four banks earning the needs improvement (“NI”) ratings were:

  • Century Bank of Kentucky, Inc. of Lawrenceburg, Ky.;
  • First Bank of Ohio of Tiffin, Ohio;
  • United Savings Bank of Philadelphia, Pa.; and,
  • Milestone Bank of Salt Lake City, Utah.

No banks received the lowest rating of “substantial noncompliance.”

The ratings were the most recent releases of the scores from the FDIC.

Monthly List of Banks Examined for CRA Compliance