1) You must be over $250 for two consecutive year ends to be a large bank. If this year end is your first, you have time. If this year end is your second, get at it. (228.12(t))
2)Talk to your examiner. Ask them to make a presentation to your board and/or senior management on the transition. This will help explain to everyone what is needed and why. It will also help on the resources if you really want to go the extra mile for the outstanding.
3) Decide if Outstanding is really worth it to you and why. The big difference between a Sat and Out is often a cost that may not provide other returns in dollars and cents, but only bragging rights.
4) Look at some of the tools mentioned in other threads by Dawnie and myself touting some Dallas FRB matrices. They provide "at a glance" differences between the ratings and requirements.
5) PCi has an excellent annual colloquium on CRA and fair lending. It is very targeted, is nationally recognized and is not a sales pitch for anything they offer.
This is coming up in 4 months, Nov.