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Every bank (small, intermediate small or large) would like to obtain an Outstanding CRA rating, but only a very small percentage of banks actually achieve this distinction. To receive an Outstanding CRA rating a bank must do everything necessary to obtain a Satisfactory rating, plus more. This program focuses on the “plus more.” Our suggestion is to shoot for an Outstanding rating and settle for a solid Satisfactory rating.
This recording reviews:
- Why a bank may want to seek an Outstanding CRA rating;
- The established criteria for an outstanding rating for each category of banks;
- The evolving criteria for obtaining an Outstanding rating under recent final regulations;
- The actual process of obtaining an Outstanding CRA rating; and
- A preview of how the proposed Interagency CRA Rules will impact the rating process.
Achieving an Outstanding CRA involves a lot of work for very little payoff. We suggest banks do the work needed for an Outstanding rating but if the effort comes up a little short then settle for a solid Satisfactory rating. The failure to achieve a Satisfactory or Outstanding CRA rating can increase the difficulty in getting various applications approved by your federal regulator. A lower rating results in additional work to restore the rating. This recording provides the information needed to achieve the top CRA rating. Also:
- The detailed manual is a great desktop reference; and
- The presenter has decades of experience with this topic.
Upon completion of this two-hour program participants understand:
- How to obtain an Outstanding CRA rating;
- The established criteria for an outstanding rating for:
- Large banks;
- Intermediate small banks;
- Small banks;
- Wholesale banks;
- Limited purpose banks; and
- A bank submitting a strategic plan.
- The evolving criteria for an outstanding rating under recent OCC final rules;
- How the CRA Regulatory Rating process works;
- The role of CD activities in the CRA Rating process; and
- The role of CD activities in the recent regulatory proposal.
The recording is designed for management of the loan department, Compliance Officers, CRA Officers, marketing staff and auditors.