WASHINGTON – The federal bank and thrift regulatory agencies June 1 announced the availability of the latest list of distressed or underserved nonmetropolitan middle-income geographies for which banks can receive "community development" credit.
In these areas, bank revitalization or stabilization activities will receive Community Reinvestment Act consideration as "community development."
The 2006 list is the first to incorporate a one-year lag period for geographies that were designated in 2005, but not in 2006. Regions subject to the one-year lag period are eligible to receive consideration for community development activities for the 12 months following publication of the 2006 list.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
