FNB Bank has been awarded an “Outstanding” rating, the highest rating possible, from the Federal Deposit Insurance Corporation (FDIC) for its commitment to the Community Reinvestment Act (CRA). The FDIC recently conducted their examination process, which covered the period from April 2017 to April 2020, and evaluated the bank’s lending and community development services based on the bank’s service area. By awarding this rating, the FDIC acknowledged that FNB is continuing to meet the needs of the communities they serve and operate in, including low- and moderate-income neighborhoods and are consistent with safe and sound banking operations.
“We are honored to receive the Outstanding CRA rating again from the FDIC. It is a great accomplishment to have the continued efforts of our staff recognized by this distinction that very few banks achieve,” said Brooke Wiles, FNB’s Marketing Director and CRA Officer. “The rating recognizes FNB’s ongoing commitment to meeting the credit and development needs of all people in the communities we serve.”
Banks are evaluated on a variety of information pertaining to the communities they serve and how they rate against their competitors and peers in the areas of lending, investments and community services. Regulators usually spend several weeks reviewing each bank’s loans and the community services they provide, while also interviewing a variety of people within the communities about economic development trends, etc. An overall CRA rating is then assigned to each bank using a four-tiered rating system of Outstanding, Satisfactory, Needs to Improve, or Substantial Noncompliance.
For FNB CRA related questions, please contact Brooke Wiles, FNB’s Director of Marketing and CRA Officer, at (270) 247-1758 or at FNB’s Main Office, located at 101 East Broadway in Mayfield, Kentucky.
FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky and ranks among the highest in the nation in the area of safety and soundness. The bank currently has nine locations: Mayfield Main, Mayfield Southside, Wingo, Lone Oak, Midtown Paducah, Murray North, Murray South, Cadiz Main, and Cadiz West. FNB is member FDIC and an Equal Housing Lender.
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