FDIC Unveils List of Banks Scrutinized for CRA Compliance

Washington, D.C. – The Federal Deposit Insurance Corporation (FDIC) has released its list of state nonmember banks that were recently assessed for compliance with the Community Reinvestment Act (CRA). This list includes evaluation ratings assigned to institutions by the FDIC in April 2022.

The CRA, a landmark 1977 law, aims to incentivize insured banks and thrifts to address local credit needs, particularly within low- and moderate-income neighborhoods. The evaluations are part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which requires public disclosure of bank or thrift ratings following a CRA examination.

For those seeking comprehensive details, a consolidated list of all state nonmember banks evaluated since July 1, 1990, along with individual ratings for each bank, can be obtained from the FDIC’s Public Information Center. Alternatively, a hard copy can be requested by calling (877-275-3342) or (703-562-2200).

Individual CRA evaluations are also available directly from the respective banks, as they are legally required to provide this information upon request.

The FDIC’s disclosure aims to maintain transparency within the financial sector, ensuring that institutions are fulfilling their obligations to serve local communities. The latest list serves as a critical tool for stakeholders and regulators alike in monitoring compliance and fostering responsible banking practices.

Contact: FDIC: (703) 470-0201

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