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Article: Sanwa Bank California Earns 'Outstanding' Rating For Community Reinvestment Act Program and Services
- Article from:
- PR Newswire
- Article date:
- December 4, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, Dec. 4 /PRNewswire/ -- Sanwa Bank California has been rated "outstanding" by the Federal Deposit Insurance Corp. (FDIC) for its record in promoting and supporting community development activities under the federal Community Reinvestment Act (CRA), bank officials announced today. It is the highest rating any bank can receive under strict guidelines set forth by the U.S. Congress.
"We are exceedingly pleased with this rating, which reflects the hard work and commitment of thousands of Sanwa Bank California employees in meeting the needs of the low- and moderate-income communities we serve," said Tom Takakura, president and chief executive officer. ...