WebFilter & Search. Satisfactory Rating means, with respect to any Person, that such Person and its bank deposits or other short term credit obligations have both a short- term bank … WebThe bank's final rating was determined based on the examiner's assignment of the following individual ratings for each of the three test areas: Lending Test: High Satisfactory Investment Test: Low Satisfactory Service Test: Outstanding Management appealed the rating of "High Satisfactory" on the lending test.

CRA Strategic Plan Performance Evaluation: How Can These

WebOct 13, 2024 · With 88.9% of banks receiving a "satisfactory" rating, those who support changes to the rule believe the CRA is suffering from "grade inflation," according to Adams. But Willis said compliance is such a focus … WebFeb 6, 2024 · Rey Ocañas, BBVA Compass’ director of communications and responsible banking, said it’s a milestone the bank has been working toward since 2013, when its CRA rating was downgraded from “satisfactory” to “needs to improve.” the sentry vs battle

What happens if a bank gets a bad CRA rating?

WebSatisfactory Needs to Improve Substantial Noncompliance Interstate banks receive an overall rating as well as an evaluation based on their CRA performance in each state … WebNov 27, 2016 · This can result in a bank that would otherwise have a Satisfactory CRA rating receive a lower rating. In those cases the banks may have a good record of … WebThere are four possible CRA ratings: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance. According to a 2024 report by the Congressional Research Service, approximately 97 percent or more of the banks examined between 2006 and 2024 received CRA ratings of Satisfactory or Outstanding. the sentinels tasmania