Integrity Bank passes community reinvestment exam – Houston Business Journal – News Journal Blogs




Integrity Bank SSB took the Community Reinvestment Act communicating and got beatific marks for diminutive playing lending, though its diminutive playing borrower strikingness was thoughtful “marginally adequate,” a restrictive inform free weekday shows.

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Integrity Bank SSB took the Community Reinvestment Act communicating and got beatific marks for diminutive playing lending, though its diminutive playing borrower strikingness was thoughtful “marginally adequate,” a restrictive inform free weekday shows.




Integrity Bank SSB took the Community Reinvestment Act communicating and got beatific marks for diminutive playing lending, though its diminutive playing borrower strikingness was thoughtful “marginally adequate,” a regulatory inform free weekday shows.


The metropolis accord slope got an coverall passable evaluate on the CRA exam, the agent Deposit Insurance Corp. said in its report. The communicating purports to manoeuvre how substantially banks help different segments of the population. Most banks transfer the CRA communicating without such difficulty, industry observers say.


Integrity was the exclusive metropolis slope to verify the restrictive effort in May, and slope officials were not directly acquirable for comment. Regulators free CRA exams for both Houston-based Allegiance Bank Texas and Enterprise Bank in April.


The 6-year-old Integrity, regulators reported, prefabricated 138 diminutive playing loans in 2011 worth $74.7 million.


About 50 proportionality of the bank’s loans went to companies with income of $1 meg or less, patch 13.3 proportionality of the loans went to companies with income of $50,000 or less, the corp reported.


Integrity also “established a beatific record” on residential give distribution, as 39.7 proportionality of the actual realty loans went to upper-income borrowers, and a compounded 56.7 proportionality went to region and moderate-income borrowers, according to the FDIC.


The $431 million-asset Integrity was the 38th-largest slope in the metropolis Atlantic with $329 meg in topical deposits in 2012, according to Charlottesville, Va.-based SNL Financial LC.



Collin Eaton covers banking, direction and securities.





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