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Press Releases FDIC Issues November List of Banks Examined for CRA Compliance
The Federal Deposit Insurance Corporation (FDIC) today issued its monthly
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 2005. 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. # # # Attachment: The
November 2005 List of Banks Examined for CRA Compliance FDIC press releases and other information are available on the Internet
at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html)
and may also be obtained through the FDIC’s Public Information Center
(877-275-3342 or (703) 562-2200). PR-109-2005 |
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Last Updated 11/04/2005 | communications@fdic.gov |
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