| FOR RELEASE at 1:30 P.M. EDT | For further information | ||||
| Thursday, October 5, 2000 | Contact: Ella P. Allen | ||||
| OTS 00-85 | 202/906-6924 | ||||
WASHINGTON, D.C., October 5, 2000 -- The Office of Thrift Supervision (OTS) today issued savings associations' Community Reinvestment Act (CRA) performance evaluation ratings that became available in September 2000.
Of the 10 institutions in the September report, 2 were rated Outstanding, and 8 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.
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.
September 2000 CRA ratings by region:
| NE | SE | CEN | MW | W | Total | |
| Outstanding | 0 | 0 | 0 | 0 | 2 | 2 |
| Satisfactory | 4 | 1 | 1 | 1 | 1 | 8 |
| Needs to Improve | 0 | 0 | 0 | 0 | 0 | 0 |
| Substantial Noncompliance | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 1 | 1 | 1 | 3 | 10 |
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 |
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 SEP-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
----- ------------------------------------- -------------------------
ME NORTHEAST BANK, F.S.B. SATISFACTORY
232 CENTER STREET
AUBURN, ME - 04242
NY LEHMAN BROTHERS BANK, FSB SATISFACTORY
3 WORLD FINANCIAL CENTER
7th FLOOR
NEW YORK, NY - 10285
PA AMERICAN EAGLE SAVINGS BANK SATISFACTORY
PO BOX 2188
BOOTHWYN, PA - 19061
PA COMMONWEALTH BANK SATISFACTORY
PO BOX 2100
VALLEY FORGE, PA - 19482
CRA PERFORMANCE EVALUATIONS FOR SEP-2000
REGION SOUTHEAST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
VA CENIT BANK SATISFACTORY
MAIN STREET TOWER
300 EAST MAIN ST
NORFOLK, VA - 23510
CRA PERFORMANCE EVALUATIONS FOR SEP-2000
REGION CENTRAL
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
IL CHESTERFIELD FS & LA OF CHICAGO SATISFACTORY
10801 S WESTERN AVE
CHICAGO, IL 60643
CRA PERFORMANCE EVALUATIONS FOR SEP-2000
REGION MIDWEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
MO GUARANTY, FSB SATISFACTORY
1341 W BATTLEFIELD ST
SPRINGFIELD, MO - 65807
CRA PERFORMANCE EVALUATIONS FOR SEP-2000
REGION WEST
NAME OF ASSOCIATION/
STATE HOME OFFICE ADDRESS CRA RATING
----- ------------------------------------- -------------------------
CA FIRST FEDERAL BANK SATISFACTORY
OF CALIFORNIA, FSB
PO BOX 471
SANTA MONICA, CA - 90406
CA LIFE BANK OUTSTANDING
10540 MAGNOLIA AVE
SUITE B
RIVERSIDE, CA - 92505
HI AMERICAN SAVINGS BANK, FSB OUTSTANDING
915 FORT STREET MALL
HONOLULU, HI - 96813
Created: Thursday, 10/05/2000