CDBA would like to congratulate one of our members, Ponce Bank, for receiving a CRA rating of "Outstanding" from the OCC!

"Under the CRA, the OCC assesses an institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution.

The list includes the national banks, federal savings associations, and insured federal branches of foreign banks that have received CRA ratings. Possible ratings assigned are outstanding, satisfactory, needs to improve, and substantial noncompliance."