trending Market Intelligence /marketintelligence/en/news-insights/trending/z-VdThHB-o68W-i74EHZvA2 content esgSubNav
In This List

OCC gives Guardian Savings Bank F.S.B. 'needs to improve' CRA rating

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


OCC gives Guardian Savings Bank F.S.B. 'needs to improve' CRA rating

The Office of the Comptroller of the Currency gave Guardian Savings Bank F.S.B. a "needs to improve" rating in its latest Community Reinvestment Act performance evaluations.

The OCC found that the bank's "geographic distribution of lending to low- and moderate-income census tracts reflects poor distribution in both of [its] assessment areas." Borrower income distribution, however, is reasonable in both assessment areas. The lending test included loans originated from Jan. 1, 2014, to Dec. 31, 2016.

Guardian Savings Bank was rated "satisfactory" in its community development test, with the regulator finding that the bank's responsiveness to community development through lending, investments and services is adequate. The community development test considered loans, investments and services from Jan. 6, 2014, to Feb. 21, 2017.

The West Chester, Ohio-based bank is a unit of Guardian Bancorp Inc.