The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulations 12 CFR parts 25, 228, 345, and 563e.

The CRA requires that each insured depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities, including mergers and acquisitions. CRA examinations (see Exam Schedules) are conducted by the federal agencies that are responsible for supervising depository institutions: the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS).

Investments: Bonds supporting IMCB Urban Renewal Areas and Communities, Mortgage Backed Securities for Low Moderate Income Housing, Industrial Revenue Bonds for Small Businesses, Donations and Grants to Nonprofits to Build Community Capacity, Community Scholarships

Lending: Small Business and Farms, Community Development Loans, Affordable Housing, Nonprofits, Municipalities, Certified Development Financial Institutions

Services: Community Match for Nonprofits, Education, Senior Citizens; Employee Community Involvement with Nonprofits, Schools, and Government, Money Smart Financial Literacy Programs for all ages, Affordable Workforce Housing Summits

Individuals: Home$tart Savings, Directo, Get Checking

Please help us to identify and provide products and services that we can provide to our communities.

Contact the CRA Officer at jasons@panhandlebank.com
Jason Spelliscy , CRA Officer
(208)475-5041