| FOR RELEASE at 3:00 p.m. EDT | For further information | ||||
| Thursday, June 15, 2000 | Contact: Ella P. Allen | ||||
| OTS 00-55 | 202/906-6924 | ||||
WASHINGTON, D.C., June 15, 2000 -- The Office of Thrift Supervision (OTS) today issued savings associations' Community Reinvestment Act (CRA) performance evaluation ratings that became available in May 2000.
Of the 24 institutions in the May report, 4 were rated Outstanding, and 20 were rated Satisfactory.
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.
May 2000 CRA ratings by region:
| NE | SE | CEN | MW | W | Total | |
| Outstanding | 1 | 1 | 1 | 0 | 1 | 4 |
| Satisfactory | 3 | 2 | 5 | 1 | 9 | 20 |
| Needs to Improve | 0 | 0 | 0 | 0 | 0 | 0 |
| Substantial Noncompliance | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 3 | 6 | 1 | 10 | 24 |
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 MAY-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
----- ------------------------------------- -------------------------
NJ KEARNY FEDERAL SAVINGS BANK SATISFACTORY
614 KEARNY AVE
KEARNY, NJ - 07032
NJ WEST ESSEX BANK SATISFACTORY
417 BLOOMFIELD AVE
CALDWELL, NJ - 07006
PA FIRST FINANCIAL SAVINGS ASSOCIATION OUTSTANDING
100 E LANCASTER AVE
DOWNINGTOWN, PA - 19335
PA FIRST KEYSTONE FEDERAL SAVINGS BANK SATISFACTORY
22 W STATE ST
MEDIA, PA - 19063
CRA PERFORMANCE EVALUATIONS FOR MAY-2000
REGION SOUTHEAST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
AL SOUTHBANK, A FEDERAL SAVINGS BANK SATISFACTORY
118 JEFFERSON ST N
HUNTSVILLE, AL - 35801
FL HARBOR FEDERAL SAVINGS BANK OUTSTANDING
PO BOX 249
FORT PIERCE, FL - 34954
FL SOUTHBANK, A FEDERAL SAVINGS BANK SATISFACTORY
10891 N MILITARY TRL
PALM BEACH GARDENS, FL - 33410
CRA PERFORMANCE EVALUATIONS FOR MAY-2000
REGION CENTRAL
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
IL ALLIANCE, FSB SATISFACTORY
7840 MILWAUKEE AVENUE
NILES, IL - 60714
IL FINANCIAL FT & SB OF OLYMPIA FIELDS OUTSTANDING
16406 S LATHROP AVE
HARVEY, IL - 60426
IL HICKORY POINT BANK AND TRUST, FSB SATISFACTORY
1401 WEST HICKORY POINT DRIVE
FORSYTH, IL - 62535
IN MUTUAL FEDERAL SAVINGS BANK SATISFACTORY
110 E CHARLES ST
MUNCIE, IN - 47305
OH FIRST FS & LA SATISFACTORY
3721 OBERLIN AVE
LORAIN, OH - 44053
OH WINTON S & L CO SATISFACTORY
5511 CHEVIOT RD
CINCINNATI, OH - 45247
CRA PERFORMANCE EVALUATIONS FOR MAY-2000
REGION MIDWEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
ND AMERICAN FEDERAL BANK SATISFACTORY
P.O. BOX 2946
FARGO, ND - 58108
CRA PERFORMANCE EVALUATIONS FOR MAY-2000
REGION WEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
CA AMERICAN GENERAL BANK, FSB SATISFACTORY
4590 MACARTHUR BLVD., SUITE 125
NEWPORT BEACH, CA - 92660
CA BROADWAY FEDERAL BANK, F.S.B. OUTSTANDING
4800 WILSHIRE BLVD.
LOS ANGELES, CA - 90010
CA DOWNEY S & LA, F.A. SATISFACTORY
PO BOX 6000
NEWPORT BEACH, CA - 92658
CA FIRST FS & LA OF SAN GABRIEL VALLEY SATISFACTORY
225 N BARRANCA ST
WEST COVINA, CA - 91791
CA JACKSON FEDERAL BANK SATISFACTORY
PO BOX 6227
SAN BERNARDINO, CA - 92412
CA TRACY FEDERAL BANK, F.S.B. SATISFACTORY
1003 CENTRAL AVE
TRACY, CA - 95376
HI INTERNATIONAL S & LA LTD SATISFACTORY
201 MERCHANT ST., SUITE 902
HONOLULU, HI - 96813
ID HOME FS & LA OF NAMPA SATISFACTORY
PO BOX 190
NAMPA, ID - 83653
OR KLAMATH FIRST FS & LA SATISFACTORY
PO BOX 5270
KLAMATH FALLS, OR - 97601
WA STERLING SAVINGS BANK SATISFACTORY
111 N WALL ST
SPOKANE, WA - 99201
Created: Monday, June 19, 2000