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BANKING: Provident Savings Bank rated 'satisfactory' - PE.com Blogs — PE.com

Provident Savings Bank has received a “satisfactory” rating inside its Community Reinvestment Act performance evaluation within the Office of the Comptroller of the Currency, based on the U.S. Department of the Treasury.

The rating, introduced about May 1, was based about an assessment by 4 federal agencies of the lending institution’s escapades plus abilities to satisfy the credit requirements of the neighborhood communities the bank serves, including low- plus moderate-income neighborhoods.  

Bank reviews may vary from great plus great to significant noncompliance.

Reasons provided by the OCC for Provident Savings Bank’s  great performance rating  inside the Riverside-San Bernardino-Ontario marketplace, the 12th many populous metropolitan location inside the United States, as well as the 3rd highest populated region inside California,  include:

1) Adequate geographical distribution of house mortgage financing plus good distribution of tiny financing to company.

2) Excellent distribution of house financing amidst borrowers of different money degrees plus companies of different models.

3) Adequate amount of community development investment provided its size, resources plus solutions.

4) Accessible bank branch program.