Four banks earn ‘outstanding’ ratings for CRA rules compliance

Four banks received “outstanding” ratings in December for compliance with rules implementing anti-redlining laws, the federal bank deposit insurance agency said Tuesday.

The Federal Deposit Insurance Corp. (FDIC) released results of compliance with Community Reinvestment Act (CRA) rules for 56 banks. None received anything lower than “satisfactory” (meaning none received ratings of “needs to improve” or, the lowest, “substantial noncompliance”).

The four banks receiving outstanding ratings were:

• United Cumberland Bank, Whitley City, Ky.
• Bank of Bluffs, Bluffs, Ill.
• Pinnacle Bank, Fort Worth, Texas
• First Commerce Bank, Lakewood, N.J.

FDIC Issues List of Banks Examined for CRA Compliance