Community Reinvestment Act

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.”  Regarding banks and savings banks specifically, the notice may also include the following: Evaluations available under the federal Community Reinvestment Act (CRA) (12 U.S.C. 2901 et seq.) are not affected by the Illinois Community Reinvestment Act. Please see the federal CRA notice we have posted nearby. This statement does not amend any requirement of state or federal law. It sets forth notice language that DOB considers substantially similar, only as described above. This Statement may be withdrawn or amended at any time by a superseding statement of the DOB. This Statement does not constitute legal advice and may not be relied on as such. DOB covered financial institutions should consult legal counsel for legal advice regarding this Statement or the Community Reinvestment Act. DATED THIS 5TH DAY OF MAY 2021 ILLINOIS DEPARTMENT OF FINANCIAL & PROFESSIONAL REGULATION By: ____________________________ Chasse Rehwinkel Acting Director Division of Banking