Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said.
The banks’ CRA evaluation “public disclosure” reports, available on the website of the Office of the Comptroller of the Currency (OCC), were dated last year and generally focused on activity from Jan. 1, 2021, through Dec. 31, 2023.
The banks rated “outstanding” were:
- First Pioneer National Bank, Wray, Colo.
- Barrington Bank and Trust Company, National Association, Barrington, Ill.
- Beverly Bank and Trust Company, National Association, Chicago, Ill.
- Central Savings, F.S.B., Chicago, Ill.
- Patrons Bank, National Association, Okmulgee, Okla.
- Fulton Bank, National Association, Lancaster, Pa.
- First Dakota National Bank, Yankton, S.D.
- The Santa Anna National Bank, Santa Anna, Texas
The OCC noted that under the CRA, it assesses an institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution.
The list released Tuesday includes national banks, federal savings associations, and insured federal branches of foreign banks that have received CRA ratings, the agency said. Possible ratings assigned are outstanding, satisfactory, needs to improve, and substantial noncompliance.
OCC Releases CRA Performance Evaluations for 18 National Banks and Federal Savings Associations
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