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Agencies adjust CRA bank size definitions
The FDIC, Federal Reserve Board and OCC have published [84 FR 71738] a final rule adjusting for inflation the definition thresholds for small and intermediate-small financial institutions under their Community Reinvestment Act regulations at 12 CFR Parts 25, 195, 228 and 345.
Effective January 1, 2020, a small bank will be a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.305 billion. An intermediate small bank will be a small bank with assets of at least $326 million as of December 31 of both of the prior two calendar years and less than $1.305 billion as of December 31 of either of the prior two calendar years.