Rated top 3 of 60 banks as “outstanding” in the FDIC’s latest monthly list of banks examined for CRA compliance.
We’re so proud to announce that we’ve received an “outstanding” Community Reinvestment Act (CRA) rating from the Federal Deposit Insurance Corporation (FDIC)!
This rating was awarded to only 3 of 60 banks in a recent rating period and measures how well banks perform in meeting their responsibilities under the CRA. Passed in 1977, the CRA requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including people who live in low- and moderate-income neighborhoods.
As a community bank, this rating speaks to our mission and commitment to providing all New Yorkers with transparent and affordable banking solutions. It’s who we’ve been from the beginning and who we will always be.
Learn more about our history and mission, expansion in Red Hook, our small business accounts, and personal checking account options.