The Board's consideration on the department distribution metrics is educated by the following benchmarks:
(4) Almost every other evidence demonstrating which the bank's Local community advancement companies are responsive to Neighborhood improvement desires, including the number of reduced- and average-income individuals which can be individuals, or amount of businesses served; and
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The Board might adjust the rating of the intermediate financial institution evaluated as delivered in paragraph (a)(two) of the portion from “Satisfactory” to “Superb” on the institution degree exactly where the lender requests and gets further thought for pursuits that might qualify pursuant to your Retail Products and services and Merchandise Exam in § 228.23.
(iii) Any conditions past the Charge of the bank, which include economic disorders or other market place factors or activities, that have adversely impacted the financial institution's ability to complete.
(1) A nonmetropolitan middle-money census tract is designated as distressed if it is in a very county that satisfies one or more of the following standards:
(A) A financial institution may possibly specify annual measurable goals for here Group improvement loans, Local community improvement investments, or both equally. The financial institution have to base any annual measurable ambitions like a proportion or ratio of the lender's Local community improvement loans and Group advancement investments for all or particular different types of Neighborhood improvement explained in § 228.
In assigning Retail Lending Check conclusions for just a Condition pursuant to § 228.22(h), the Board would not look at a bank's functions to become during the State if All those routines happen in a retail lending assessment place consisting of counties in more than one State.
Any facility-based assessment region, retail lending evaluation region, outside the house retail lending area, or other geographic place that would be evaluated while in the absence of the authorised prepare, but is not A part of an authorized strategy, is going to be evaluated pursuant to your performance tests that would apply in the absence of the authorised approach.
In the term of the strategy, a bank need to submit on the Board for acceptance an amendment to its prepare if a fabric improve in situation:
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(B) The effectiveness with the bank's methods for providing retail banking solutions and the availability and responsiveness with the financial institution's retail banking products and solutions, pursuant to § 228.23, as applicable;