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#1362274 - 03/23/10 02:33 PM Public File For Branches
lpramey67 Offline
100 Club
Joined: Aug 2006
Posts: 128
Hello,

We are a small community bank with one main office and four branches. Do we have to have any sort of truncated Public File available in the branches, or is the notice sufficient?

Thanks.

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CRA
#1362280 - 03/23/10 02:42 PM Re: Public File For Branches lpramey67
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Originally Posted By: lpramey67
Hello,

We are a small community bank with one main office and four branches. Do we have to have any sort of truncated Public File available in the branches, or is the notice sufficient?

Thanks.


The public file rules are here . This includes the rules for branches:

(c) Location of public information. A bank shall make available to the public for inspection upon request and at no cost the information required in this section as follows:
(1) At the main office and, if an interstate bank, at one branch office in each state, all information in the public file; and
(2) At each branch:
(i) A copy of the public section of the bank's most recent CRA Performance Evaluation and a list of services provided by the branch; and
(ii) Within five calendar days of the request, all the information in the public file relating to the assessment area in which the branch is located.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1362920 - 03/24/10 03:11 PM Re: Public File For Branches Kathleen O. Blanchard
Midwest Banker Offline
Gold Star
Joined: Nov 2004
Posts: 349
Cheeseland
We are a smaller bank as well and do to various issues, took the paper copy away from the branch and posted the CRA Public File on our internal intra net. I have access to make changes and updates; this way it is always correct. If you have this option, you may want to consider it.

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#1362952 - 03/24/10 03:35 PM Re: Public File For Branches Midwest Banker
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Electronic files are much easier to keep up. You always know everyone has the latest version.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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