Northwoods Bank receives outstanding CRA rating
Northwoods Bank announced today that it received a Community Reinvestment Act (CRA) rating of outstanding. Northwoods Bank’s overall CRA performance is rated as outstanding based on their lending services and investments in the community.
The Office of the Comptroller of the Currency (OCC) stated that Northwoods Bank’s involvement in the community reflects the relationships they have built with individuals of different income levels. As compared to all lenders in their assessment area Northwoods bank’s outstanding performance exceeds the needs of their community and helps their community continue to thrive.
During the evaluation period from January 1, 2012 through December 31, 2013, Northwoods Bank made donations to the community totaling more than $42,000 to help make the communities they serve a better place to live and work.