In passing the CRA, Congress established that (1) banks are required by law to demonstrate . Once a bank closes a branch the bank cannot reopen the branch except upon application for a . FEDERAL DEPOSIT INSURANCE CORPORATION Assessment Areas Limitations to Assessment Areas: Must consist of whole census tracts; May not reflect illegal discrimination; May not arbitrarily exclude low- or moderate-income census tracts; Must include bank's main office, branches, and deposit-taking ATMs; and Must include areas where the bank has originated or The Community Reinvestment Act (CRA) . Sec. 209 CMR 46.00: Community reinvestment. CRA Public File Community Reinvestment Act Home Mortgage Disclosure Act Patriot Act . Community Reinvestment Act (CRA) data reporters. One way we accomplish that goal is by lending and investing in projects that support and improve our communities. The revised booklet incorporates branching and relocation procedures and requirements updated following the integration of the functions of the Office of Thrift Supervision into the OCC in 2011 and the issuance of revised . It is designed to reduce burden on the . Large Bank CRA Performance Criteria (continued) The . The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. 2015 Guide to CRA Data Collection and Reporting (PDF) The Guide is a valuable resource for assisting all institutions in their CRA data collection and reporting. This notice also explains that the public has a right to review a bank's CRA file and to make written comments about the bank's CRA performance. FEE: There are no additional application fees for branch locations. ADA Accessibility. Plumas Bank established a branch office in Fall River Mills in 1998 to offer personal and business banking services. 209 CMR 43.00: Audit and security requirements for credit unions. Summary. At each branch: a) A copy of the public section of the bank's most recent CRA Performance Evaluation and a list of services provided by the branch; and b) Within five calendar days of the request, all the information in the public files relating to the assessment area in which the branch is located. Sample forms and detailed instructions can be found in the "Comptroller ' s . The primary federal regulator and many state supervisors are required to consider the bank's compliance with the Community Reinvestment Act (CRA), or a state equivalent, before approving License numbers are indicated, they must complete an application for a separate Commercial Requester Account (CRA). Please note that the Baltimore Compliance Division. Greenville - 8/5/21: This branch is closed until further notice due to damage sustained from the Dixie Fire. registration service) or manufacturer agent. AAs (AAs) are geographical areas on CRA exams. The bank must submit a separate application for each proposed branch to the appropriate OCC district office. to total domestic retail deposits, with a marginal contribution for branch location. About Us. Notice requirements are more restrictive on interstate banks (banks that . for Large Banks considers: The geographic distribution of retail bank branches The record of opening and closing retail bank branches, particularly those that serve LMI geographies and individuals The availability and effectiveness of alternative systems for delivering In accordance with the Community Reinvestment Act (CRA), banks are required to maintain and, upon request, make available for public inspection the following. Since it isn't clear what becomes of the previously required branch HMDA notices, it is our opinion that you should use the new . residents of other states will only be made upon compliance with applicable licensing and registration requirements. Location: 43163 Highway 299 E. Fall River Mills, CA 96028. The answer is no. It is imperative to monitor the inside/outside ratio frequently. 2 year residential history. A bank or savings association shall make available to the public for inspection upon request and at no cost the information required in this section as follows: ( 1) At the main office and, if an interstate bank or savings association, at one branch office in each state, all information in the public file; and. The U.S. Bank CRA Disclosure Statement for the prior two calendar years. The activity conducted at the location will determine . For purposes of completing this application, a "Branch Location" is defined as "an offshoot, lateral extension, or division of an institution with a separate physical location." In order to be enrolled as a Branch Location, the branch must be operating under the same corporate number or Occupational License as the account holder. Ensure the bank's compliance with HMDA and CRA by managing and coordinating collection, review, reporting, and training of required loan disclosure information. Lobby Hours: Mon-Fri: 9:00am-4:00pm. Stuart, FL 34994, USA +2 more less. The Community Reinvestment Act of 1977 [ 1] was enacted to encourage financial institutions [ 2] (banks) to help meet the credit needs of the communities that they serve, including LMI neighborhoods, consistent with the banks' safe and sound operations. No Branch Locations in Majority-Minority Neighborhoods 22. the branch and provide statistical or other information in support of such reasons consistent with the institution's written policy for branch closures. . Stop by today and let's start banking. Schedule In-Person Office Visit. Also know, what are CRA requirements? 209 CMR 45.00: The licensing and regulation of money services businesses. The bank shall place this copy in the public file within 30 business days after its receipt from the Board; (3) A list of the bank's branches, their street addresses, and geographies; (4) A list of branches opened or closed by the bank during the current year and each of the prior two calendar years, their street addresses, and geographies; The layer also contains extensive data about the branch locations, including name, address, the unique branch identification number, total deposits, as well . Maptitude is the ideal mapping software for use within the banking industry. Drive-Thru Hours: Mon-Fri: 11:00am-1:00pm. (3) Small banks. (i) A copy of the public section of the bank's most recent CRA Performance . g. General filing and reporting requirements. suggests that confidential information, such as account numbers or social security numbers, not be transmitted via email. The Truist purpose is to inspire and build better lives and communities. DOES NOT provide MVA certification in order to. This methodology, combined with the broad expansion of qualifying activities and areas, raises serious concerns about substantial dilution of CRA examination and requirements, and an effective break of the historical link The branch file must include: A copy of the public section of the bank's most recent CRA Performance Evaluation and a list of services provided by the branch; and, Within five calendar days of the request, all the information in the public file relating to the assessment area in which the branch is located. Community Reinvestment Act (CRA) Northwest Bank is deeply invested in the communities where we live and work. This booklet of the Comptroller's Licensing Manual contains the OCC's policies and procedures to guide a national bank or federal savings association (FSA) in submitting a request for prior approval to establish or relocate a branch, or relocate its main or home office. This makes it critically important to implement marketwide small business loan transparency requirements under Section 1071 . Perform a periodic review of the Bank's assessment area to ensure reasonableness of delineation. Part 76 sets forth a detailed framework for evaluating banks, depending upon whether the bank is a large bank, a small bank, an intermediate small bank, or a . Also check whether the application concerns a branch office location. Job Details. . Community Reinvestment Act. This is the basic view map version of RPM's BranchInfo branch locations database, based on the FDIC's Summary of Deposits bank branch locations. Certification of Agency (INF 1184) if you are a dealer agent (i.e. This booklet also discusses the exemption from the branch application process for certain highly rated FSAs. If your bank operates in more than one state, it must keep a file at one branch office in each of these states. 5.30). Signs will be posted at the branch location if masks are required in the lobby. The contents of the public file for covered financial institutions include both point-in-time (CRA evaluations) and ongoing information to help the public understand the bank's capacity and ability to serve assessment area communities through its lending and, as applicable, community development activities. These "data pictures' allow you to see and understand your markets like never before. Encouraging a bank to provide fair access to financial services by helping to meet the credit needs of its entire community. Any comments or questions about this portion of the U.S. Bank website or about U.S. Bank CRA performance may be addressed to: Community Development Risk Management. ss 148(1) 7. CRA Public File. facility-based assessment areas based on the location of a bank's main office and branches and, at a bank's discretion, on the location of the bank's deposit-taking automated teller machines. Board-sponsored research has shown that lending increases to low- and moderate-income (LMI) borrowers and communities in geographical areas designated as AAs. A bank may Rockland Trust Company, Rockland, Massachusetts (Rockland Trust) has applied to the Division of Banks (Division) to merge with East Boston Savings Bank, East Boston, Massachusetts pursuant to the provisions of Massachusetts General Laws chapter 167I, section 3. obtain a driver's license or ID, assist with current year Individual Income Tax preparation, or supply IFTA decals/stickers. Free Data. Before closing an approved branch, a bank must comply with the notice requirements of federal law, and provide the department with a copy of the branch closing notice filed with the appropriate federal banking regulator simultaneously with its filing. Your best estimates of income, assets and liabilities. Register for the GST/HST; collect, file and remit the GST/HST; rebates, credits, and the GST/HST listing . If the ratio of loans outside of the assessment area exceeds loan inside the assessment area, decisions must be made. Please contact us at (619) 231-8500. . Ensuring compliance with laws and regulations. National banks need the comptroller ' s approval to open a new branch (12 U.S.C.A.