OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations.  These evaluations are based on on-site examinations by OCC-trained staff. On-site examinations are done every other year.  The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate income within its assessment area.  A compliance rating of either “Outstanding,” “Satisfactory,” “Needs to Improve,” and “Substantial Noncompliance” is awarded at the end of the on-site review.

Of the 16  CRA evaluations on the list made public by the OCC:

• five received an Outstanding rating
• eleven were rated Satisfactory
• one was rated as Needs to Improve

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No institution was rated as either Needs to Improve or in Substantial Noncompliance.

The full list is included below, by type of examination from largest to smallest bank, and within that, by CRA Rating.