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FDIC assigns Bank of Lake Mills 'needs to improve' CRA rating

The FDIC gave Lake Mills, Wis.-based a "needs toimprove" rating with respect to compliance with the Community ReinvestmentAct.

The agency issued a consent order against Bank of Lake Mills on Sept. 1,2015, over unsafe banking practices related to consumer protection andcompliance.

The FDIC issued the list of state nonmember banks recentlyevaluated for compliance with the CRA on Oct. 4. The list covers evaluationratings that the FDIC assigned to institutions in July.