One bank earned an “outstanding” rating for its compliance with anti-redlining rules, and three banks earned “needs improvement” ratings for their compliance, the federal insurer of bank deposits said in its latest results for the ratings released Monday.
According to the Federal Deposit Insurance Corp. (FDIC), results of ratings for compliance with Community Reinvestment Act (CRA) ratings in November included those for 51 banks, with the vast majority (47) receiving ratings of “satisfactory.”
However, NorthEast Community Bank of White Plains, N.Y., received a rating of “outstanding” for its compliance with CRA rules. On the other hand, American Trust and Savings Bank (Lowden, Iowa), First New Mexico Bank of Silver City, (Silver City, N.M.) and Lewis & Clark Bank (Oregon City, Oregon).
No bank earned the lowest rating of “substantial noncompliance,” according to the FDIC results.
Monthly List of Banks Examined for CRA Compliance – November 2024