The Federal Deposit Insurance Corporation (FDIC) published a list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA), covering the CRA evaluation ratings assigned in January 2025. The CRA requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The FDIC also noted that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires public disclosure of CRA evaluations and ratings for examinations conducted on or after July 1, 1990, and it referenced the availability of both a consolidated historical list and individual bank CRA evaluations.
Federal Deposit Insurance Corporation 2025-04-04
Federal Deposit Insurance Corporation releases January 2025 Community Reinvestment Act ratings for examined state nonmember banks
The Federal Deposit Insurance Corporation (FDIC) released a list of state nonmember banks evaluated for Community Reinvestment Act (CRA) compliance, detailing ratings assigned in January 2025. The CRA mandates the FDIC to assess banks' efforts in meeting community credit needs, including those of low- and moderate-income areas, while ensuring safe operations. Public disclosure of these evaluations is required under the Financial Institutions Reform, Recovery, and Enforcement Act.