<ul><li>The Federal Deposit Insurance Corporation (FDIC) rated five banks “outstanding” and one bank “needs to improve” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance.</li><li>The five banks rated “outstanding” include Truist Bank, Garfield County Bank, Mt. McKinley Bank, Open Bank, and Spring Bank.</li><li>Hill Bank & Trust Co. (HBTC) was rated “needs to improve” due to its less than reasonable loan-to-deposit (LTD) ratio.</li><li>The FDIC issued an interagency final rule in October 2023 to modernize and strengthen the CRA.</li></ul>

FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance

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