Cra rating of satisfactory
WebAug 22, 2013 · These ratings are: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance. In the case of an interstate bank, the federal bank … WebThe bank's final rating was determined based on the examiner's assignment of the following individual ratings for each of the three test areas: Lending Test: High Satisfactory Investment Test: Low Satisfactory Service Test: Outstanding Management appealed the rating of "High Satisfactory" on the lending test.
Cra rating of satisfactory
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WebAug 2, 2024 · Banks who receive a CRA rating below satisfactory are anomalies under the current system — 99% of banks fall under either "satisfactory" or … WebOct 13, 2024 · With 88.9% of banks receiving a "satisfactory" rating, those who support changes to the rule believe the CRA is suffering from "grade inflation," according to Adams. But Willis said compliance is such a focus …
WebApr 25, 2024 · Community Reinvestment Act (CRA) CRA Performance Evaluations ; CRA Performance Evaluations: August 2024. Share This Page: Charter# Bank Name City State Eval Date Rating Examination; 24049: Canyon Community Bank, National Association: Tucson: AZ: 04/11/2024: Satisfactory: Small Bank: 24096: TD Bank, National … WebJun 5, 2024 · They also opposed allowing a bank to receive a satisfactory overall rating automatically if it received a satisfactory rating in a Start Printed Page 34738 significant portion of its assessment areas and in those assessment areas where it receives a significant amount of deposits. These commenters supported a more complex and …
WebFeb 6, 2024 · Rey Ocañas, BBVA Compass’ director of communications and responsible banking, said it’s a milestone the bank has been working toward since 2013, when its CRA rating was downgraded from “satisfactory” to “needs to improve.” WebOverall CRA Rating . Institution’s CRA Rating: This institution is rated . Satisfactory . The Lending Test is rated: Satisfactory . The Community Development Test is rated: Outstanding . The major factors that support this rating include: The Lending Test rating is based on a majority of lending occurring in the bank’s assessment
WebSep 1, 2024 · These banks had Satisfactory CRA ratings before the Strategic Plan bank merger, but earned an “Outstanding” within three years of the merger. If we assume Strategic Plan Bank successes can be ...
WebSep 8, 2016 · The bank had Outstanding ratings in 1994, 1996 and 1999, but fell to Satisfactory ratings in 2003 and 2006. Recently, Regions Bank and Fifth Third Bank – among the industry's top 50 by deposits – were both downgraded from Satisfactory to Needs to Improve. Putting aside the adverse reputational risk of a failing CRA grade, … fire station 1 roanoke vaWebDec 7, 2024 · All banks are issued an overall rating. This is the institution's primary CRA rating. State Rating or Multistate MSA Rating. A state rating is generally assigned if a bank has branches in more than one state. A bank that has branches in more than one state is … The CRA regulations provide five evaluation methods. Three are based on a bank's … History of the CRA CRA Regulators Proposed Rulemaking How Banks Are … The Federal Reserve Board of Governors in Washington DC. Board of Governors of … The Federal Reserve Board of Governors in Washington DC. Board of Governors of … Low- and moderate-income: Under the CRA, the term low- and moderate … Pre-defined performance goals may be included that, if met, would merit an … Which Regulators Oversee the CRA. Three federal banking agencies, or regulators, … History of the CRA CRA Regulators Proposed Rulemaking How Banks Are … Banks with these designations are evaluated for CRA performance under … ethylabuseWebAug 3, 2024 · Many banks are happy with a Satisfactory CRA rating. In fact, many banks don’t even try to get an Outstanding rating because they think that getting an Outstanding is too hard, too expensive, or comes … fire station 1 restaurant silver springWebMay 25, 2024 · Community Reinvestment Act (CRA) CRA Performance Evaluations ... Charter# Bank Name City State Eval Date Rating Examination; 705636: Tempo Bank: Trenton: IL: 05/25/2024: Satisfactory: Small Bank: 10844: Bank of Bridger, National Association: Bridger: MT: 04/05/2024: Outstanding: Intermediate Small Bank: 6707: The … fire station 1 minneapolisWebFilter & Search. Satisfactory Rating means, with respect to any Person, that such Person and its bank deposits or other short term credit obligations have both a short- term bank … fire station 222WebSearch for Performance Evaluations & Ratings of State Member Banks. Institution Name or ID. Overall CRA Rating. All Outstanding Satisfactory Needs to Improve Substantial Noncompliance. City. County. State. All Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois ... fire station 20WebSep 3, 2015 · The CRA allows individuals and community groups to take an active part in the regulatory application and approval process of a transaction by providing a … fire station 20 memphis tn