Defining your Bank under CRA

Answered by:

Question:

What determines how our regulatory agency will define whether we are a small, intermediate small, or large bank for CRA purposes?

Answer:

The regulatory agency will base their CRA performance tests and standards by first looking at the bank’s asset size to delineate if the bank is a “small bank”, an “intermediate small bank”, or a “large bank”. The asset size threshold is defined within the regulation. Keep in mind, a bank can choose to utilize a different performance standard and communicate that to the agency prior to a CRA exam.
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