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FDIC Rates Banner Bank ‘Outstanding’ in Recent Community Reinvestment Act Performance Evaluation
WALLA WALLA, Wash.--(BUSINESS WIRE)-- The Banner Bank leadership team is pleased to share the Bank again earned an ‘Outstanding’ rating from the Federal
About this update from Banner Corporation
[{"type":"text","content":" WALLA WALLA, Wash.--(BUSINESS WIRE)--\nThe Banner Bank leadership team is pleased to share the Bank again earned an ‘Outstanding’ rating from the Federal Deposit Insurance Corporation (FDIC) in the Bank's recent Community Reinvestment Act (CRA) Performance Evaluation. ‘Outstanding’ is the highest available rating in a CRA evaluation and only 10% of all U.S. banks achieved it over the past five years.\n\n\nUnder this Act, the FDIC evaluates the performance of banks in helping meet the credit needs of clients, businesses and local communities. It assesses how well banks serve and support low- and moderate-income (LMI) individuals, LMI neighborhoods and small businesses in ways that are consistent with safe and sound operation and banking practices. All banks are regularly evaluated in this area.\n\n\n“Earning the FDIC’s highest rating is a reflection of our employees’ commitment to consistently implement the core principles of CRA every day,” said President and CEO Mark Grescovich. “This achievement is an outcome of our team’s thoughtful, intentional effort to do the right thing for our clients and the communities we serve.”\n\n\nThis is the second consecutive exam cycle Banner earned an Outstanding rating. Since 2021, only one other bank in the ‘large bank’ category also earned this back-to-back rating throughout the four states we serve.\n\n\n“The Outstanding rating recognizes our hard work and genuine care to serve those in need—community is rightfully at the core of this effort,” said Senior Vice President & CRA Director Camino Smith. “We are grateful for the strong partnerships we have built with so many community organizations that offer us invaluable feedback on how to make the greatest impact.”\n\n\nIn announcing the results of our CRA Performance Evaluation, the FDIC shared these highlights:\n\n\n\nBanner Bank has an excellent level of community development investments and grants, often in a leadership position, particularly those that are not routinely provided by private investors.\n\n\n\nThe Bank makes use of innovative and/or flexible lending practices in order to serve the assessment area’s credit needs.\n\n\n\nBanner Bank is a leader in providing community development services.\n\n\n\nThe Bank’s lending levels reflect good responsiveness to the assessment area’s credit needs.\n\n\n\nGeographic distribution of Banne...