The Federal Deposit Insurance Corporation published a list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act, covering the evaluation ratings assigned in December 2024. The Community Reinvestment Act 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. Public disclosure of CRA evaluations and ratings for each bank or thrift examined on or after July 1, 1990 is required under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and the FDIC noted that a consolidated list of state nonmember banks with publicly available evaluations since that date is available, alongside individual bank evaluations obtainable from the bank or the FDIC’s Public Information Center.
Federal Deposit Insurance Corporation 2025-03-04
Federal Deposit Insurance Corporation releases December 2024 Community Reinvestment Act ratings for recently examined state nonmember banks
The FDIC released a list of state nonmember banks evaluated for Community Reinvestment Act compliance, detailing ratings from December 2024. The CRA mandates the FDIC to assess banks' efforts in meeting community credit needs, including low- and moderate-income neighborhoods. Public disclosure of these evaluations is required under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.