From: FDIC Subscriptions <subscriptions@fdic.gov>
Date: Thu, Jul 3, 2014 at 7:06 AM
Subject: FDIC Issues List of Banks Examined for CRA Compliance
To: iammejtm@gmail.com
Press Release
FDIC Issues List of Banks Examined for CRA Compliance
FOR IMMEDIATE RELEASE July 3, 2014 | Media Contact: Greg Hernandez (202) 898-6984 Cell: (202) 340-4922 Email: ghernandez@fdic.gov |
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 April 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 FDIC's 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 www.fdic.gov.
A copy of an individual bank's CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC's Public Information Center.
Monthly list of Banks Examined for CRA Compliance
July 2014 List of Banks Examined for CRA Compliance
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 6,730 as of March 31, 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 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-55-2014
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe.
Questions for FDIC? Contact Us |
STAY CONNECTED: | ||||
SUBSCRIBER SERVICES:
Manage Preferences | Unsubscribe | Help
This email was sent to iammejtm@gmail.com using GovDelivery, on behalf of: FDIC Subscriptions · 3501 Fairfax Drive · Arlington, VA 22226 · 877-275-3342 |
Jeremy Tobias Matthews
No comments:
Post a Comment