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Community Reinvestment Act (CRA)

Icon Business Bank is proud to be an active member of our local community.

Icon Business Bank is committed to serving the credit needs of the communities in which we do business. It is our policy to respond to all credit worthy segments of our market. We believe that doing so is basic to good business practice and to the bank’s own long-term vitality. In pursuing this commitment, we will assure that we comply with the letter and spirit of the Community Reinvestment Act (CRA). We recognize this will require a proactive, rather than passive approach to determining community needs, including those of creditworthy low and moderate-income areas and individuals.

The Community Reinvestment Act (CRA) became law in 1977 and maintains one of the seminal pieces of legislation to address systemic inequities in access to credit. The CRA encourages banks to meet the needs of our entire communities in which we are located, with a focus on low and moderate-income (LMI) communities, consistent with safe and sound operations.

Icon Business Bank is pleased to provide the Community Reinvestment Act (CRA) public file information online for the public to review.

 










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