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September 16
S.A.F.E. Act - Auditing for Compliance;
Patricia Cashman

September 22
FinCEN's Beneficial Owners Proposal: What It Can Mean for You;
Sonja Kriegsmann and John Burnett

September 23
Bankruptcy 101;
Sam Ott

September 24
Using CPTED to Make Our Banks Safer;
Dana Turner and Carol Dodgen

September 30
Revised Escrow Rules - Review and Update;
Jack Holzknecht and Mary Beth Guard

October 7
CRA - Digging for Credit;
Patricia Cashman

October 8
Applicants and Applications: Knowing the Players and the Rules;
David Dickinson

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#660363 - 01/03/07 12:13 PM IS Bank Question?
ComplianceFool Offline
Gold Star

Registered: 04/26/04
Posts: 421
Loc: SXM ;) Wishful thinking!
We've been lucky for several years, to have remained classified a small bank for CRA purposes. However, with OTS adopting the Intermediate Small Bank designation, we now fall into that category. We've been rated Outstanding for our last two exams under the small bank standards. Is anyone aware of a spreadsheet or similar tool that has a side-by-side comparison of the CRA requirements for the two so that I can easily see what we need to do? TIA!
Had I known I'd be doing this for 30 years, I would have run faster than Forrest Gump!

#661375 - 01/04/07 04:37 PM Re: IS Bank Question? [Re: ComplianceFool]
Len S Offline
Diamond Poster

Registered: 10/14/04
Posts: 1335
Loc: Connecticut
The biggest difference is going to be your need to get a satisfactory rating on "community development" activities. As a small bank this was not an issue, but with ISB's this is absolutely critical because you must get a satisfactory performance rating on your community development activities in order to be eligible for a composite satisfactory PE. (unless you voluntarily file and maintain your elective to be evaluated under the Large Bank Tests)
CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps