Lyons State Bank in Lyons and Citizens State Bank in Morland were the only banks in the Federal Deposit Insurance Corp.’s seven-state Kansas City region to earn a rating of “outstanding” on their Community Reinvestment Act examinations.
The two Kansas banks were among five to receive an outstanding rating nationally and were among 118 banks examined for CRA compliance, according to the FDIC.
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 grades in the routine examination: outstanding, satisfactory, needs to improve and substantial noncompliance.
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