CRA Public File Requirement-Performance Evaluation

Answered by:

Question:

Per CRA classification, we are an intermediate-small institution. With that classification, one of the requirements for us to include in our Public CRA File are the prior two years CRA Disclosure Statements. Is this another name for the public section of our CRA Performance Evaluation, or is it something else? If it is something else, what, and where can I find a sample?

Answer:

If you look at the definitions, you will find that small bank includes the definition of intermediate small bank. The disclosure statement applies to large banks - it is the report of what was submitted. If your bank did voluntarily submit, you would have one and could place it in the public file.

First published on BankersOnline.com 12/17/12