228 loan Options
228 loan Options
Blog Article
The Board evaluations the effects and responsiveness on the lender's Local community progress loans and Group enhancement investments that gain or serve a Point out, as offered in § 228.fifteen.
The Board considers Neighborhood development loans and Neighborhood advancement investments allocated pursuant to paragraph I.b of appendix B to this part.
(ii) To obtain ownership or Charge of shares or all or substantially each of the belongings of a financial institution, to cause a financial institution to be a subsidiary of a bank holding company, or to merge or consolidate a bank Keeping organization with any other bank holding organization inside of a transaction that requires acceptance beneath segment three in the Financial institution Holding Business Act (12 U.S.C. 1842);
The Board might take into consideration a financial institution's Neighborhood improvement loans, community progress investments, and community advancement providers supplied outside of its facility-based assessment locations, as supplied On this element.
(ix) An indicator for whether or not the loan was to a company or farm with gross yearly revenues increased than $1 million; and
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(B) For each of a bank's facility-primarily based assessment parts inside of a nonmetropolitan region, the Nonmetropolitan Nationwide Neighborhood Growth Funding Benchmark measures the dollar volume of Neighborhood advancement loans and Local community improvement investments that advantage or serve nonmetropolitan locations while in the nationwide area for all big depository institutions as compared to deposits situated in nonmetropolitan parts during the nationwide area for all large depository establishments.
signifies the period of time, generally in calendar yrs, throughout which a financial institution done the actions that the Board more info evaluates in the CRA evaluation, in accordance Using the Board's tips and treatments.
(ii) When the lender has developed its Preliminary draft system, formally solicit general public touch upon the Original draft plan for a minimum of 60 days by:
Throughout the time period once the lender is formally soliciting public comment on its First draft approach, the bank need to make copies of your Original draft program accessible for review for free of charge in the slightest degree places of work from the financial institution in any facility-dependent evaluation place included by the strategy and provide copies from the Preliminary draft program upon request for a reasonable charge to go over copying and mailing, if applicable.
A significant lender have to gather and maintain in Digital kind, as prescribed from the Board, right up until completion from the lender's next CRA examination wherein the information are evaluated, the subsequent details with respect to retail banking services and retail banking products and solutions presented and supplied by the bank during Every calendar calendar year:
(i) Impedes its capacity to complete at a satisfactory level under the plan, like monetary constraints attributable to substantial occasions that impact the area or nationwide financial system; or
A sizable lender ought to acquire and preserve in Digital kind, as prescribed from the Board, until completion with the bank's next CRA evaluation in which the information are evaluated, the subsequent knowledge with respect to retail banking products and services and retail banking merchandise offered and supplied by the lender in the course of Each individual calendar year: