The Community Reinvestment Act "CRA", passed by Congress in 1977, encourages financial institutions to help meet their communities' needs - through safe and sound lending practices and by providing retail banking and community development services. An amendment to the Community Reinvestment Act in 1990 requires that each bank's CRA rating be made public. Accordingly, banks and thrifts must maintain a public CRA file that contains the public section of their most recent CRA Performance Review, a list of services and branches, written comments from the public, and certain other information. In addition, banks must post a notice in their lobbies that describes the purpose of the Community Reinvestment Act. This notice also explains that the public has a right to review the bank's CRA file and to make written comments about the bank's CRA performance. Also, the notice provides the name of the federal regulator of the bank and states whether the bank is owned by a holding company. If you have any questions or would like copies of Colonial's Public File please contact Heather Guidry, VP, Fair Lending Manager and CRA Officer.
The following document and attachments comprise the updated CRA Public File for Colonial Savings, F.A. for the year 2019.
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© Copyright 1990- All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.
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