(B) The extent to which the program has sufficiently justified the necessity to get a approach and every aspect of the plan as necessary in paragraph (d) of this segment.
(ii) According to paragraph (g) of the area, a bank's approach may include optional evaluation components or suitable modifications and additions on the functionality assessments that would utilize inside the absence of an authorised prepare.
The Board evaluates a military financial institution pursuant to the relevant general performance assessments described in paragraph (a) of the portion.
Responsive credit score products and solutions and programs may perhaps consist of, but will not be limited to, credit score items and plans that:
usually means a staffed banking facility, whether shared or unshared, that the Board authorized or authorized as being a branch and that is open up to, and accepts deposits from, most of the people.
The Board evaluates a bank's effectiveness under an approved plan according to the functionality exams that might apply within the absence of an authorized strategy and any optional analysis elements or eligible modifications and additions towards the relevant functionality assessments established forth inside the financial institution's permitted plan.
Opinions relating to tax implications are informational only. Truist and its Reps usually do not present tax or authorized information. You ought to speak to your individual tax or legal Qualified just before having any action which could have tax or lawful repercussions.
(one) A nonmetropolitan Center-earnings census tract is designated as distressed whether it is inside of a county that meets one or more of the subsequent requirements:
The Board evaluates a financial institution's Neighborhood progress products and services general performance in a Condition or multistate MSA, as applicable, or nationwide location, and assigns a summary for the people places, based on the following two parts:
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The Board costs the performance of the intermediate lender evaluated less than this segment as offered in appendix D to this portion.
The Board evaluations the impact and responsiveness with the bank's community development loans and Group advancement investments that advantage or serve a more info Point out, as provided in § 228.15.
The Board considers the loans, expense, products and services, and merchandise of the lender's functions subsidiaries beneath this section, Except if an operations subsidiary is independently subject matter for the CRA.
implies any corporation that controls, is controlled by, or is under popular control with An additional company. The time period “Handle” has the that means provided to that term in 12 U.