| FOR RELEASE at 10:30 A.M. EDT | For further information | ||||
| Thursday, April 13, 2000 | Contact: Ella P. Allen | ||||
| OTS 00-39 | 202/906-6924 | ||||
WASHINGTON, D.C., April 13, 2000 -- The Office of Thrift Supervision (OTS) today issued savings associations' Community Reinvestment Act (CRA) performance evaluation ratings that became available in March 2000.
Of the 22 institutions in the March report, 3 were rated Outstanding, 17 were rated Satisfactory, 1 was rated Needs-to-Improve, and 1 was rated Substantial Noncompliance.
The CRA requires financial institutions to help meet the credit needs of their local communities, including low- and moderate-income neighborhoods, consistent with safe and sound lending practices. CRA performance is assessed as part of each financial institution's examination for compliance with non-discrimination and consumer laws and regulations. Each institution must make its rating available to the public upon request and is permitted to charge a nominal fee for a copy of its public CRA performance evaluation.
March 2000 CRA ratings by region:
| NE | SE | CEN | MW | W | Total | |
| Outstanding | 2 | 0 | 0 | 0 | 1 | 3 |
| Satisfactory | 5 | 4 | 3 | 1 | 4 | 17 |
| Needs to Improve | 0 | 0 | 1 | 0 | 0 | 1 |
| Substantial Noncompliance | 0 | 0 | 0 | 1 | 0 | 1 |
| Total | 7 | 4 | 4 | 2 | 5 | 22 |
OTS' five regions and the states in each are as follows:
| Northeast (NE) | Southeast (SE) | Central (CEN) | Midwest (MW) | West (W) | |
| Connecticut | Alabama | Illinois | Arkansas | Alaska | |
| Delaware | Florida | Indiana | Colorado | Arizona | |
| Maine | Georgia | Kentucky | Iowa | California | |
| Massachusetts | Maryland | Michigan | Kansas | Hawaii | |
| New Jersey | North Carolina | Ohio | Louisiana | Guam | |
| New Hampshire | South Carolina | Tennessee | Minnesota | Idaho | |
| New York | Virginia | Wisconsin | Mississippi | Montana | |
| Pennsylvania | District of Columbia | Missouri | Nevada | ||
| Rhode Island | Nebraska | Oregon | |||
| West Virginia | Puerto Rico | North Dakota | Utah | ||
| Vermont | Virgin Islands | South Dakota | Washington | ||
| New Mexico | Wyoming | ||||
| Oklahoma | |||||
| Texas |
In some cases, an institution may be examined by an OTS region other than the one that includes the state in which the institution is located, because of the institution’s corporate structure. Lists of institutions' CRA ratings are available to the public through the Records Management and Information Policy Division, Office of Thrift Supervision, 1700 G Street, N.W., Washington, D.C. 20552, or telephone (202) 906-5900. Copies of institutions' individual CRA performance evaluations are available directly from the institutions, through the OTS regional offices, or the OTS web site at www.ots.treas.gov.
The Office of Thrift Supervision (OTS), an office of the U.S. Treasury, regulates and supervises the nation's thrift industry. OTS's mission is to ensure the safety and soundness of thrift institutions and to support their role as home mortgage lenders and providers of other community credit and financial services. For copies of news releases or other documents visit the OTS web page at www.ots.treas.gov.
OFFICE OF THRIFT SUPERVISION
CRA PERFORMANCE EVALUATIONS FOR MAR-2000
REGION NORTHEAST
CRA Performance Evaluations prepared by the OTS for the savings associations listed below became publicly available during this reporting period.
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
MA NATICK FEDERAL SAVINGS BANK SATISFACTORY
PO BOX 388
NATICK, MA - 01760
NJ SYNERGY FEDERAL SAVINGS BANK SATISFACTORY
310 NORTH AVENUE EAST
CRAWFORD, NJ - 07016
NY THE DIME SAVINGS BANK OF NY, FSB OUTSTANDING
589 5TH AVE FL 3
NEW YORK, NY - 10017
NY THE HOMESTEAD SAVINGS, FA SATISFACTORY
283 GENESEE ST
UTICA, NY - 13501
PA FIRST FS & LA OF BUCKS CO OUTSTANDING
118 MILL ST
BRISTOL, PA - 19007
PA SOVEREIGN BANK SATISFACTORY
PO BOX 19646
READING, PA - 19612
PA WORKINGMENS BANK SATISFACTORY
807 MIDDLE STREET
PITTSBURGH, PA - 15212
CRA PERFORMANCE EVALUATIONS FOR MAR-2000
REGION SOUTHEAST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
FL FIRST ALLIANCE BANK SATISFACTORY
P.O. BOX 551460
JACKONVILLE, FL - 33255
FL MANATEE RIVER COMMUNITY BANK SATISFACTORY
430 8TH AVE WEST
PALMETTO, FL - 34221
NC NEW REPUBLIC SAVINGS BANK SATISFACTORY
P O DRAWER 7868
ROCKY MOUNT, NC - 27804
VA CAPITAL ONE, F.S.B. SATISFACTORY
P.O. BOX 1029
FALLS CHURCH, VA - 22042
CRA PERFORMANCE EVALUATIONS FOR MAR-2000
REGION CENTRAL
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
IN UNION FEDERAL BANK OF INDIANAPOLIS SATISFACTORY
PO BOX 6054
INDIANAPOLIS, IN - 46206
MI HOME FEDERAL SAVINGS BANK NEEDS TO IMPROVE
9108 WOODWARD AVE
DETROIT, MI - 48202
OH BRAMBLE FS & LA SATISFACTORY
954 STATE ROUTE 28
MILFORD, OH - 45150
OH VILLAGE SAVINGS BANK, FSB SATISFACTORY
1265 S. MAIN STREET
NORTH CANTON, OH - 44720
CRA PERFORMANCE EVALUATIONS FOR MAR-2000
REGION MIDWEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
IA FIRST FEDERAL SB OF THE MIDWEST SATISFACTORY
PO BOX 1307
STORM LAKE, IA - 50588
TX FIRST HEIGHTS BANK, A FSB SUBSTANTIAL NONCOMPLIANCE
2050 N. LOOP WEST, W STE 201
HOUSTON, TX - 77018
CRA PERFORMANCE EVALUATIONS FOR MAR-2000
REGION WEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
CA FAMILY SAVINGS BANK, FSB OUTSTANDING
3683 CRENSHAW BLVD
LOS ANGELES, CA - 90016
CA MALAGA BANK, SSB SATISFACTORY
2514 VIA TEJON
PALOS VERDES PENINSULA, CA - 90274
CA WESTERN FINANCIAL SAVINGS BANK SATISFACTORY
P. O. BOX 19581
IRVINE, CA - 92623
WA RAYMOND FEDERAL SAVINGS BANK SATISFACTORY
PO BOX 271
RAYMOND, WA - 98577
WA YAKIMA FS & LA SATISFACTORY
PO BOX 1526
YAKIMA, WA - 98907
Created: Thursday, 4/13/2000