6 banks labeled ‘outstanding’ in latest batch of CRA ratings, OCC reports

Banks’ evaluation ratings under the federal anti-redlining statute included six “outstanding” and 16 “satisfactory” ratings, the national bank regulator said of the ratings that became public in September.

The Office of the Comptroller of the Currency (OCC) said 21 Community Reinvestment Act (CRA) evaluation ratings were made public in the month. The five banks rated outstanding were:

• First FS&LA of Valdosta, Valdosta, Ga.
• Capital Bank, National Association, Rockville, Md.
• Presidential Bank, FSB, Bethesda, Md.
• First National Bank of Pulaski, Pulaski, Tenn.
• First National Bank of Gillette, Gillette, Wyo.

Possible ratings are “outstanding,” “satisfactory,” “needs to improve,” and “substantial noncompliance.” The September list released Tuesday included no “needs to improve” or “substantial noncompliance” ratings.

The OCC said the list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.

OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations