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Arizona Bank & Trust in Phoenix receives satisfactory rating from feds


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Arizona Bank & Trust in Phoenix, Arizona received a CRA rating of satisfactory in its most recent examination by federal regulators.
Under the Consumer Reinvestment Act (CRA) of 1977, federally insured banks in the United States are required to meet the credit needs of the entire community in which they serve - including low and moderate-income community members - through the use of safe and sound banking practices.
CRA evaluations are meant to ensure financial institutions are meeting these expectations.
The Federal Reserve Board (FRB) and The Federal Deposit Insurance Corporation (FDIC) oversee evaluations of state-chartered financial institutions. Evaluations for national banks are handled by the Office of the Comptroller of the Currency (OCC). ....

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