2023-01-24 20:00:00

U.S. Bank Receives Outstanding Community Reinvestment Act Rating

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Benzinga
By Business Wire

Lending and Investment also given "Outstanding" ratings; Service receives "High Satisfactory" rating

U.S. Bank announced today that it has received the highest rating, "Outstanding," for its recent Community Reinvestment Act (CRA) examination from the Office of the Comptroller of the Currency (OCC). The examination period was January 1, 2016, through December 31, 2020. The company also received an "Outstanding" rating on individual CRA tests for Lending and Investment and a "High Satisfactory" rating for Service.

"I am extremely proud of all that our teams have accomplished to help U.S. Bank achieve these Outstanding' ratings," said Andy Cecere, chairman, president and chief executive officer of U.S. Bank. "By listening to and learning from community partners, we will continue to help close historic wealth gaps in our country for women, people of color and low-income communities."

These ratings do not include MUFG Union Bank as the exam was completed before the acquisition was finalized.

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