CRA Performance Is Not To Be Taken Lightly

Presenter: Kenneth Agle

Duration: 1 hour

Price: $249 / $199 (for Affiliation Members)

The FDIC gave ten institutions a "Needs to Improve" Rating and four a "Substantial Non-Compliance Rating" in 2009. While the OCC and FRB weren't as tough on their banks (two Needs to Improve and no Substantial Non-Compliance), the fact remains that the Community Reinvestment Act (CRA) is a regulation that banks should keep an eye on and respond to proactively.

Fundamental to your bank's approach to sound CRA performance is recognizing what your institution is doing right, what it may need to improve on, and how to plan and achieve the CRA rating you want. To start the process, your institution is best served by conducting a self-evaluation to better understand how you are performing under these requirements. We’ll give you the tools for conducting that assessment.

We’ll also talk about some new Community Development programs and existing ones that are growing in popularity.

In this webinar, we will explore how to position your institution for the desired outcome of a CRA examination. Specifically, we'll examine:

• Why the banks that "failed" their CRA examination in 2009 received this rating
• How to cost effectively conduct your own performance evaluation and save a lot of money
• How a broad range of economic, demographic, and community-specific information can affect your CRA performance
• How the performance of other institutions may help yours
• Why your institution should constantly and consistently assess its CRA performance before the examination, during the examination and after the examination
• What to do if your institution's performance still doesn't look good and how to overcome weaknesses even before the examination begins
• Which Community Development Programs to consider

Bio: Kenneth Agle

As President/CEO of Counter Risk Group, Mr. Agle brings over 20 years of banking experience covering numerous facets of banking operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to launching his own consulting firm, Mr. Agle had been a bank examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including Safety and Soundness, Compliance, BSA, IT and Trust.

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

 

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

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