Bank’s CRA performance in meeting credit needs of local communities remains strong
A St. Louis television news account recently reported that a local community organization claims four local banks, including First Bank, are unfair in minority lending practices. This claim is without merit as to First Bank.
First Bank has a long-standing commitment to granting and pricing credit without regard to race, color, national origin, religion, gender, age, marital status, sexual orientation, disability, or any other basis protected by law. We fulfill this commitment while maintaining prudent credit discipline and operating in a safe and sound manner. It is also our policy to make sure that our credit products are available to all qualified applicants. This means we do not discourage anyone from applying for a loan from First Bank.
First Bank has never been the target of a lending discrimination action, and we have always had satisfactory Community Reinvestment Act (CRA) Public Evaluation ratings. In fact, our CRA performance in meeting the credit needs of our local communities is stronger now than it has ever been.
First Bank is one of the largest privately owned banks in the country with $10.3 billion in assets and 217 locations in Missouri, California, Texas, Illinois and Florida.