OCC, FDIC Release CRA Evaluations

The Federal Deposit Insurance Corporation (FDIC) and Office of Comptroller of the Currency (OCC) recently released ratings for banks recently evaluated under the Community Reinvestment Act (CRA).  

FDIC released ratings for institutions evaluated in July. Most of the 71 institutions FDIC reviewed earned “satisfactory” ratings, though nine institutions earned “outstanding” scores and two earned “needs to improve” scores. OCC’s release includes ratings for the 14 institutions it evaluated in September. Of these institutions, ten earned “satisfactory” ratings and four earned “outstanding” ratings.