HarborOne Bank Earns Highest Possible Rating for Community Service, Lending, Investment
HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).
- HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).
- The Outstanding rating for the bank is a testament to the men and women who work for HarborOne and year after year put their customers, and their community, first, said James Blake, CEO of HarborOne.
- According to the FDIC data, less than 10 percent of all banks nationally receive an Outstanding CRA rating, and even fewer receive Outstanding ratings on all three components (Community Service, Lending, and Investment) of the Community Reinvestment Act review.
- The CRA evaluation also praised HarborOne for community development loans spurring affordable housing construction, small business loans that drove job creation, and the banks leadership in financial education and community outreach.