first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Community Reinvestment Act Financial Institutions OCC 2015-01-26 Brian Honea Previous: Existing-Home Sales Expected to Inch Upward in January Next: DS News Webcast: Tuesday 1/27/2015 Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Subscribe The Office of the Comptroller of the Currency (OCC) released its list of Community Reinvestment Act (CRA) performance evaluations that were made public during the month of December 2014 for 30 financial institutions.The 30 financial institutions that received ratings from the OCC that became public during December were national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The four possible ratings were outstanding, satisfactory, needs to improve, and substantial noncompliance, according to the OCC.Two of the 30 financial institutions that were rated received a rating of outstanding: Van Wert Federal Savings Bank, a small bank in Van Wert, Ohio; and Icon Bank of Texas, National Association, an intermediate small bank located in Houston, Texas. Twenty-eight of the financial institutions evaluated received a rating of satisfactory. None of the institutions received ratings of needs to improve or substantial non-compliance.A searchable list of all public CRA evaluations can be found on the OCC’s web site. The CRA was first enacted by Congress in 1977 and revised in both 1995 and 2005. The purpose of the CRA is to “encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations,” according to the U.S. Federal Reserve Board web site. Home / Daily Dose / OCC Releases Performance Evaluations for 30 Financial Institutions; Two Rated ‘Outstanding’  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Tagged with: Community Reinvestment Act Financial Institutions OCCcenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago January 26, 2015 837 Views in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago OCC Releases Performance Evaluations for 30 Financial Institutions; Two Rated ‘Outstanding’ Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more