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#2295459 - 04/02/24 06:42 PM SMALL BANK CRA
BBGREEN18 Offline
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Joined: Apr 2024
Posts: 1
Under the new thresholds our bank will be considered a small bank. I'm trying to find out exactly what will or won't apply to us. I am under the impression that everything will stay the same for small banks. Except for putting the CRA public file on the website. Am I correct with this?
Do we have to do anything with our assessment areas?

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CRA
#2295470 - 04/02/24 08:07 PM Re: SMALL BANK CRA BBGREEN18
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,736
Bloomington, IN
Under the new thresholds our bank will be considered a small bank.

Review the following thread.

https://www.bankersonline.com/forum...ested-injunction-of-cra-fina#Post2295332

Except for putting the CRA public file on the website.

345.43(c)(1):

(c) Location of public information. A bank must make available to the public for inspection, upon request and at no cost, the information required in this section as follows:

(1) For banks that maintain a website, all information required for the bank's public file under this section must be maintained on the bank's website.

I do not see where this requirement is dependent on being a Small, Intermediate Small or a Large Bank.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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