FDIC & OCC Release CRA Evaluations

July 6, 2017

On Wednesday, July 5, 2017, the OCC and FDIC released CRA evaluations for over 75 institutions. Of the 59 state nonmember banks the FDIC evaluated, 4 banks (6.7%) received an “Outstanding” rating, 52 banks (88%) received a “Satisfactory” rating, 2 banks (3.3%) received a “Needs to Improve” and 1 bank was in “Substantial Noncompliance”. Of the 25 institutions reviewed by the OCC, 5 banks (20%) received “Outstanding” ratings, while 20 (80%) received a “Satisfactory.”