Community Reinvestment Act
At Bank of Commerce, suporting the communities we serve is our priority. Our ongoing commitment is to champion the needs of local businesses, institutions, and individuals by helping them to successfully grow and prosper.
The Community Reinvestment Act (CRA) was enacted in 1977 to prevent redlining and to encourage banks and savings associations to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods and individuals. The CRA extended and clarified the long-standing expectation that banks will serve the convenience and needs of their local communities.
Under CRA regulations, a depository institution is required to maintain a public file containing specific information, including all written, public comments received for the current year and for the previous two calendar years specifically relating to the bank’s performance in helping to meet community credit needs.
You are welcome to review our public CRA files below.
Community Reinvestment Act Notice
Public Comments: None received