Business

Emprise passes lending exam

Emprise Bank has passed its Community Reinvestment Act examination, the Federal Deposit Insurance Corp. said Friday.

The $1.5 billion bank received a satisfactory rating on the examination that took place in August.

It was one of three Kansas banks evaluated for CRA compliance, all of which received a satisfactory or higher 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.

Banks can receive one of four ratings: outstanding, satisfactory, needs to improve and substantial noncompliance.

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