Public CRA


The Community Reinvestment Act Overview

Under the Federal Community Reinvestment Act (CRA), the Office of the Comptroller of the Currency (OCC) evaluates El Dorado Savings Bank’s record of helping to meet the credit needs of the communities we serve consistent with safe and sound banking practices.  The OCC takes the Bank’s record into consideration when evaluating applications to add, relocate, or close branches and in applications for bank mergers and acquisitions.

El Dorado Savings Bank’s Mission and CRA Philosophy

The Board of Directors and Management of El Dorado Savings Bank (El Dorado) recognize that El Dorado has the responsibility under the Community Reinvestment Act (CRA) to meet the credit needs of its entire local communities, including low- and moderate-income borrowers and neighborhoods, consistent with El Dorado’s resources and capabilities.  In this regard, the Board of Directors and Management will investigate the credit and housing needs of the communities in which it operates, and will establish and promote such programs which result in the effective use of El Dorado’s expertise and resources to satisfy those recognized credit and housing needs, as may be consistent with prudent underwriting practices, and within the bounds of safe and sound operations.

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