The Board may well consider a financial institution's Neighborhood development loans, Neighborhood progress investments, and Neighborhood advancement providers offered outside of its facility-centered evaluation areas, as offered On this element.
Pursuant to twelve U.S.C. 2906, the Board presents conclusions derived underneath this part separately for metropolitan locations wherein a lender maintains a number of domestic department places of work and for the nonmetropolitan place of the State if a financial institution maintains one or more domestic branch offices in this kind of nonmetropolitan area.
An amendment to a program ought to adjust to all applicable prerequisites of the area, unless the Board waives a requirement as not relevant.
(B) Other than as supplied in § 228.51(e), a significant lender having a mixed full of 10 or maybe more facility-primarily based assessment parts and retail lending evaluation places in any Condition or multistate MSA, as relevant, or with the institution may not get a rating of “Satisfactory” or “Remarkable” in that Condition or multistate MSA, as relevant, or for that establishment, Until the lender gets an overall conclusion of not less than “Low Satisfactory” in sixty % or maybe more of the overall quantity of its facility-dependent assessment spots and retail lending assessment places in that State or multistate MSA, as applicable, or for the institution.
(three) A little business enterprise loan or small farm loan is found inside the census tract where the main enterprise facility or farm is situated or wherever the borrower will in any other case implement the loan proceeds, as indicated because of the borrower.
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(B) A lender besides a substantial financial institution may perhaps include things like a community enhancement companies element and accompanying once-a-year measurable ambitions in its prepare.
b of appendix A to this part for facility-centered assessment regions and retail lending evaluation regions, and paragraph III.d of appendix A to this section for outside retail lending regions; and
(one) Evidence of discover publication and an outline of its attempts to hunt enter from customers of the general public, together with individuals and corporations the bank contacted And check here the way the bank collected information;
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If a small financial institution opts being evaluated under the Retail Lending Examination in § 228.22, the Board fees the effectiveness of a small financial institution as supplied in appendix D to this aspect.
The Board considers the loans, investments, providers, and products and solutions of affiliates of the lender that aren't functions subsidiaries, with the financial institution's selection, matter to the subsequent: