Community Reinvestment Act (CRA)
Banc of California Recognized for Outstanding Community Development
Everyone at Banc of California is honored and humbled to have earned an “Outstanding” rating in our latest Community Reinvestment Act (CRA) performance evaluation from the Office of the Comptroller of the Currency (OCC).
Our mission from day one has been to build a stronger California and we’ll continue to work hard to live up to our word. Under the CRA, banks are encouraged to help meet the needs of borrowers in all segments of their communities. The OCC evaluation focused on our community development lending, investment and service record of meeting the credit needs of people living in low- and moderate-income areas.
We couldn’t have done it without you.
For each dollar of deposits our clients make, Banc of California lends over one dollar to diverse businesses, entrepreneurs and homeowners. Help us continue funding the engines of growth to strengthening California’s economy and communities.
RECOGNIZED BY NAAC
On October 23, 2015, the National Asian American Coalition (NAAC) recognized this achievement by awarding Mr. Sugarman with its National CRA Leadership Award at its Twelfth Annual Economic Development Conference in San Francisco.
Chairman and Chief Executive Officer, Steven Sugarman received an award for Community Development efforts from National Asian Association Coalition.
“In my 25 years of community development experience, I have never before witnessed an organization with this level of commitment to community development.”
Executive Vice President,
Banc of California
"We are not surprised that Banc of California, which negotiated in good faith with community organizations to set the gold standard in CRA plans, would also receive the highest rating by federal regulators. We hope other banks will follow Banc of California's lead.”
California Reinvestment Coalition