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Marquette Bank Earns 6th Consecutive Community Reinvestment Act 'Outstanding' RatingNeighborhood bank is awarded highest possible performance rating by the Federal Reserve
Orland Park, IL (January 14, 2013 ) –– Marquette Bank, a locally-owned neighborhood bank and the banking subsidiary of Marquette National Corporation (MNAT), received the highest possible Community Reinvestment Act (CRA) performance rating from the Federal Reserve during its most recent examination period. The bank was awarded an “Outstanding” rating on its CRA performance evaluation for the sixth time in a row.
“Since 1945, Marquette Bank has been a true neighborhood bank that assists people, businesses and communities in achieving their financial needs, goals and dreams. This ‘Outstanding' CRA rating is a reflection of that promise,” George Moncada, President & CEO of Marquette Bank, said. “Our employees, bank officers and directors are active, engaged members of our neighborhoods and are constantly looking for ways to contribute to the overall prosperity of Chicago and surrounding suburbs where Marquette Bank does business.”
The CRA evaluation measured Marquette Bank's performance with respect to addressing the credit needs of its entire assessment area, including low and moderate income individuals, neighborhoods and businesses. The CRA examination consisted of three tests, including: lending, investment and service. These tests examined the bank’s mortgage, small business and community development lending, community development investments and community development services within Marquette Bank’s market area. The six consecutive “Outstanding” CRA performance ratings place Marquette Bank in an elite group of financial institutions, demonstrating its ability to be a leader in ascertaining and helping to meet the credit needs of its communities.
“We are honored and so pleased to receive our sixth straight ‘Outstanding' CRA performance rating,” Manuel Jimenez, Vice President, CRA Officer, Marquette Bank, commented. “We have worked hard to implement a systematic approach to address the credit and banking needs of our local community, businesses, and residents of all income levels and this rating clearly demonstrates Marquette Bank’s commitment to the community.”
For more information about Marquette Bank, call 1-888-254-9500 or visit our website at www.emarquettebank.com.
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