First National Bank of LaGrange
Earns Highest Rating for Community Reinvestment
First National Bank of LaGrange earned a rating of Outstanding during the most recent public evaluation of the Bank's compliance with the Community Reinvestment Act (CRA). The public evaluation, conducted in July by the Office of the Comptroller of the Currency (OCC), a department of the U.S. Treasury, assessed the Bank's record of meeting the credit needs of its local communities, including the needs of low- and moderate-income residents.

The major factors that supported First National Bank of LaGrange's overall Outstanding rating included the Bank's record of extending credit to individuals of different income levels and its participation in community development efforts in the form of loans, investments and other services. John J. Madden, president of First National Bank of LaGrange, noted that "A bank's record of complying with the Community Reinvestment Act reflects its commitment to the local community. As the only locally owned and managed bank in LaGrange, we place a high priority on reinvesting local deposits in the communities we serve. The Outstanding rating from the bank regulators validates our efforts, which have contributed to improvements in the community."

The Public Disclosure of the First National Bank of LaGrange Community Reinvestment Act Performance Evaluation is available upon request through the Bank's main office at 620 West Burlington Avenue in LaGrange, at its Western Springs office at 1013 Burlington Avenue in Western Springs. It is also available through the OCC website at www.occ.treas.gov.

 



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