SARC-99-05 (September 13, 1999)
On September 8, 1999, the Supervision Appeals Review Committee (鈥淐ommittee鈥) of the Federal Deposit Insurance Corporation (鈥湺啾τ蜗废略剽) considered the appeal by [Bank] (鈥淏ank鈥), of the Community Reinvestment Act (鈥淐RA鈥) rating resulting from the 多宝游戏下载鈥檚 examination of the Bank on October 13, 1998.
After carefully considering the issues raised in your appeal package dated July 2, 1999, the Committee concluded that the CRA rating of 鈥淣eeds to Improve鈥 should be affirmed.
The Committee concluded that the Bank鈥檚 deteriorating loan volume relative to other local institutions as well as its own capacity to lend are not indicative of 鈥淪atisfactory鈥 performance under the Community Reinvestment Act. Additionally, the Committee concurs with findings indicating that the significant reductions in both the dollar volume of gross loans and the loan-to-deposit ratio since the last examination cannot be attributed to local economic and/or demographic conditions, but instead are due in large part to factors under management鈥檚 control.
This decision is considered a final supervisory determination by the 多宝游戏下载.
By direction of the Supervision Appeals Review Committee of the Federal Deposit Insurance Corporation.