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Civista Bank gets 'satisfactory' CRA rating, may return to M&A

The Federal Reserve has given Sandusky, Ohio-based Civista Bank a Community Reinvestment Act rating of "satisfactory."

The rating is for an examination completed in May and is an upgrade from the "needs to improve" rating the bank had received in September 2016.

Civista President Dennis Shaffer attributed the previous rating to "an inadvertent programming error." The new rating will allow the bank to "get back to looking for acquisitions," he added.