Three of the 19 banks whose Community Reinvestment Act evaluation ratings became public in November were rated “outstanding” by their federal regulator, according to a release Monday.
The Office of the Comptroller of the Currency (OCC) said it gave ratings of “outstanding” to Santander Bank, National Association, Wilmington, Del.; FCN Bank, National Association, Brookville, Ind.; and Evergreen Federal Bank, Grants Pass, Ore. That is the highest evaluation rating available under the federal anti-redlining statute.
The OCC list shows the remaining 16 banks were rated “satisfactory.” None on the list received a rating of “needs to improve” or “substantial noncompliance,” the information shows.
OCC Releases CRA Performance Evaluations for 19 National Banks and Federal Savings Associations
Leave a Reply