228 loan Things To Know Before You Buy
228 loan Things To Know Before You Buy
Blog Article
(four) Another evidence demonstrating which the financial institution's Local community progress services are aware of community enhancement needs, for example the volume of lower- and average-earnings persons which are individuals, or amount of companies served; and
(E) Allocation of the dollar degree of the Local community progress loan or Neighborhood development investment decision to geographic locations served from the loan or financial investment:
(ii) To obtain possession or Charge of shares or all or considerably the entire belongings of the lender, to cause a bank to be a subsidiary of the financial institution holding business, or to merge or consolidate a bank Keeping business with any other bank Keeping enterprise in a transaction that needs acceptance underneath part 3 in the Bank Keeping Firm Act (12 U.S.C. 1842);
(B) Besides as provided in § 228.51(e), a significant financial institution having a combined complete of 10 or even more facility-based assessment parts and retail lending evaluation spots in almost any Condition or multistate MSA, as applicable, or to the establishment may not receive a rating of “Satisfactory” or “Superb” in that Point out or multistate MSA, as applicable, or for the establishment, unless the financial institution gets an General conclusion of at least “Reduced Satisfactory” in 60 per cent or even more of the entire number of its facility-primarily based assessment locations and retail lending assessment places in that State or multistate MSA, as relevant, or for the establishment.
(A) The Board considers the electronic shipping and delivery programs along with other delivery units of the subsequent banking institutions:
(i) A financial institution could incorporate efficiency analysis elements and accompanying once-a-year measurable targets For extra geographic areas but may well not do away with the evaluation of its performance in any geographic place that might be A part of its general performance evaluation in the absence of an approved approach.
Prior to distributing a draft intend to the Board for acceptance pursuant here to paragraph (h) of this part, a bank will have to:
A bank must delineate one or more facility-based mostly evaluation parts inside which the Board evaluates the bank's document of assisting to fulfill the credit history requirements of its whole community pursuant to the functionality assessments and strategic prepare described in § 228.21.
A bank have to provide in the public spot of its primary Office environment and each of its branches the appropriate public detect established forth in appendix File to this component. Only a branch of the lender having multiple facility-primarily based evaluation space must contain the bracketed materials within the discover for department places of work.
Inside of a facility-based mostly evaluation area or outside retail lending spot, an item line is A serious product line Should the bank's loans in that products line comprise 15 p.c or even more from the lender's loans throughout all of the lender's product or service traces in the facility-centered evaluation place or outdoors retail lending spot, as decided pursuant to paragraph II.b.one of appendix A to this part.
모바일 웹 브라우저(크롬, 사파리 등)에서 ""을 주소창에 입력하면 네이버 모바일 웹 페이지로 이동합니다.
) of this section in precisely the same calendar 12 months, of a community development loan refinanced or renewed in a very 12 months subsequent on the 12 months of origination or order, as of December 31 of the calendar calendar year for on a yearly basis which the loan stays over the financial institution's stability sheet; or an existing community enhancement expense renewed in a yr subsequent on the yr the expense was designed as of December 31 for each and every year that the investment decision remains over the bank's equilibrium sheet.
A lender have to retain a public file, in both paper or digital format, that features the next data:
A bank have to manage a public file, in possibly paper or digital format, that features the subsequent details: