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Wells Fargo Receives Highest Possible Rating for Community Reinvestment
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Asian Pages
- Article date:
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February 28, 2006
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Asian Pages
02-28-2006
Wells Fargo Bank, N.A. has received an "Outstanding" rating - the highest
regulatory rating possible - in its most recent Community Reinvestment Act
(CRA) examination by the Office of the Comptroller of the Currency (OCC).
Wells Fargo Bank, N.A., which serves more than 10 million households in 23
states, met and exceeded community needs in areas such as affordable
housing, financial education and small business lending. In Minnesota,
Wells Fargo was specifically cited for offering flexible loan products that
help meet the credit needs of low- to moderate-income (LMI) home buyers and
small businesses.
The Community Reinvestment Act of 1977 requires banks to meet the credit
...