Bank receives highest rating in meeting community credit needsFirst National Bank Alaska received an outstanding Community Reinvestment Act rating from the Office of the Comptroller of the Currency (OCC) for the third time in a row.
The Community Reinvestment Act is federal legislation that ensures banks meet the credit needs of their entire community, including low and moderate-income neighborhoods. During the review process, which typically happens every three years, banks are evaluated in three areas: lending, investments and service. First National received an outstanding rating for each of the three evaluation areas.
The OCCs report characterizes First National as a leader in community development lending. The banks loans helped provide affordable housing, supported community services and helped revitalize low or moderate-income communities throughout the state.
This achievement shows the bank is focused on meeting the credit needs of the communities it serves.
Established in 1922, First National is Alaskas largest Alaskan-owned and operated bank, with ATMs and 30 branches in 18 communities throughout Alaska. More information about First National is available at www.FNBAlaska.com
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