The Citizens State Bank of Cheney has passed its Community Reinvestment Act examination, the Federal Deposit Insurance Corp. said today.
The $47 million bank received a satisfactory rating.
It was among six Kansas banks to be examined for CRA in December, all of which received a satisfactory rating.
The CRA is a 1977 law that encourages banks and thrifts to provide loans to their local communities, including to low- and moderate-income neighborhoods.
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Banks can receive one of four grades: outstanding, satisfactory, needs to improve and substantial noncompliance.