Financial Services

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.

Charter# Bank Name City State Evaluation Date Rating Examination
13688 Capital One, National Association Mclean VA 8/24/2020 Outstanding Large Bank
25053 Guaranty Bank & Trust, National Association MT. Pleasant TX 1/28/2021 Satisfactory Large Bank
16629 Modern Bank, National Association New York NY 3/15/2021 Outstanding Wholesale Bank
24828 Capital One Bank (USA) Glen Allen VA 8/24/2020 Outstanding Limited Purpose Bank
705801 Universal Bank West Covina CA 3/22/2021 Outstanding Intermediate Small Bank
700073 Sterling Federal Bank, F.S.B. Sterling IL 3/29/2021 Satisfactory Intermediate Small Bank
14619 First National Bank of Pulaski Pulaski TN 3/8/2021 Satisfactory Intermediate Small Bank
2221 The First National Bank of Middle Tennessee McMinnville TN 3/15/2021 Satisfactory Intermediate Small Bank
13516 Citizens National Bank of Texas Waxahachie TX 3/17/2021 Satisfactory Intermediate Small Bank
717428 Community Development Bank FSB Ogema MN 2/15/2021 Outstanding Small Bank
14993 First National Bank of Brookfield Brookfield IL 3/15/2021 Satisfactory Small Bank
10465 First National Bank Cloverdale IN 2/16/2021 Satisfactory Small Bank
1493 First Southern National Bank Lancaster KY 4/12/2021 Satisfactory Small Bank
7266 The Citizens National Bank Meridian MS 2/22/2021 Satisfactory Large Bank
2302 The First National Bank of Bellevue Bellevue OH 2/1/2021 Satisfactory Small Bank
22807 Texas National Bank Sweetwater TX 2/22/2021 Satisfactory Small Bank

 

About the Author

Carl is certified in the Scaled Agile Framework (SAFe), a Scrum Master, and a Six Sigma Green Belt project manager with more than 25 years of experience in financial services overseeing large-scale development global, multi-currency accounting, regulatory reporting, and financial reporting software platforms. He has hands-on experience completing, reviewing, and filing Federal Reserve, FFIEC, and IRS reports, including Call Reports, Y9C reports, 2900 reports, TIC reports, and arbitrage rebate reports.

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