First National Bank recently announced the bank received an “Outstanding” rating from the OCC in its most recent evaluation of Community Reinvestment Act (CRA) performance.
The Community Reinvestment Act (CRA) is designed to make sure banks and savings and loans provide lending to meet the needs of borrowers within all geographical areas of the community. Less than ten percent of the financial institutions receive an Outstanding and First National Bank is currently the only local bank with this distinction.
“First National Bank is committed to the growth and success of the customers and communities we serve in the Cedar Valley,” commented Susan Whitson, CEO of First National Bank. “This year’s report recognizes the local deposits we accept are reinvested within our local communities along with the excellent record of our bank personnel to assist with service organizations and community development. We are also recognized by providing strong support for local economic development and employment growth.”
Steve Willemssen, President at First National Bank, said “We are proud to be a part of making the communities we serve better. The business and commitment from our customers is what makes First National Bank able to facilitate our support in all the communities we serve.”