OlyFed' CRA Public File
The Community Reinvestment Act (CRA) is a landmark law enacted in 1977 to address systemic inequities in access to credit. The CRA encourages federally insured banks to help meet the credit needs of the communities in which they do business, especially low- and moderate-income (LMI) communities, consistent with safe and sound operations.
Administered by Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency. It was created to stop discriminatory practices like redlining. Redlining is the act or practice (or perceived practice) of refusing to lend money, or imposing more burdensome loan terms, to applicants based on prohibited factors, which includes the neighborhood a property is located in.
To help the public understand the bank’s capacity and ability to serve assessment area communities through its lending and, as applicable, it’s community development activities, we have provided a copy of our public file below:
- Comments Received from the Public
- Responses to Public Comments
- Public Disclosure Performance Evaluation Report
- List of Branches
- List of Branched Opened and Closed
- Services Offered and Transaction Fees
- Alternative Systems for Delivering Retail Services
- Loan to Deposit Ratios
- Assessment Area (map of areas we serve)
- HMDA Disclosure Statement
If you have questions or if you need more information, please do not hesitate to contact us.
