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To Her Excellency M. Jodi Rell, Governor - page 18 / 25

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18 / 25

# 22

Outstanding 10

Satisfactory 12

Needs to Improve 0

Substantial Noncompliance 0

New Bank Not Rated 0

17

0

14

0

0

2

37

1

9

0

0

0

76

11

35

0

0

2

Community Reinvestment Act (“CRA”)

Since 1990, the Banking Commissioner has been required to assess the community reinvestment performances of state-chartered financial institutions and to consider their reinvestment efforts as a basis for approving or denying bank expansion.

CRA Ratings of Connecticut-Chartered Banks & Credit Unions

Institution Type

Connecticut-chartered Savings Banks Connecticut-chartered Commercial Banks¹ Connecticut-chartered Credit Unions²

Totals

¹ Bankers’ Bank, Northeast is not rated for CRA purposes.

² CRA examinations are performed only for community credit unions with total assets over $10 million. As of December 31, 2008, ten state-chartered credit unions met these criteria.

Federal and Out-of-State Banks

In addition to the 39 Connecticut-chartered, insured depository institutions operating in the State as of December 31, 2008, there were 2 banks chartered by states other than Connecticut, 17 national banks regulated by the Office of the Comptroller of the Currency, and 16 federal savings associations regulated by the Office of Thrift Supervision

Institution Type

Connecticut-chartered Savings Banks Connecticut-chartered Commercial Banks Other State-chartered National Banks* Federal Savings Associations**

Totals

No. of

Deposits

No. of

Institutions

as of 6/30/08

Offices

as of 6/30/08

[millions]

as of 6/30/08

22

16,515

321

2

108

5

17*

50,372

661

16**

14,519

276

Deposit Market Share by Charter Type As of June 30, 2008

16

1,688

42

Market Share as of 6/30/08 19.9%

2.0%

    • 0.1

      %

    • 60.5

      %

    • 17.5

      %

100.0%

  • *

    Eight National Banks are headquartered in Connecticut.

** Ten Federal Savings Associations are headquartered in Connecticut.

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