Press ReleasesFDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE November 4, 2014 Media Contact: Greg Hernandez (202) 898-6984 Cell: (202) 340-4922 Email: [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in August 2014. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. A consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, can be obtained from the FDICs Public Information Center, located at 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226, (877-275-3342 or 703-562-2200), or via the Internet at fdic.gov. A copy of an individual banks CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDICs Public Information Center. Attachments:Monthly list of Banks Examined for CRA ComplianceNovember 2014 List of Banks Examined for CRA Compliance # # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nations banking system. The FDIC insures deposits at the nations banks and savings associations, 6,656 as of June 30, 2014. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations. FDIC press releases and other information are available on the Internet at fdic.gov, by subscription electronically (go to fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDICs Public Information Center (877-275-3342 or 703-562-2200). PR-94-2014 Last Updated 11/4/2014 [email protected]
Posted on: Tue, 04 Nov 2014 15:56:00 +0000
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