United Bank Receives Outstanding Rating for Community Reinvestment

01/22/2019 | Community

Vienna, Va. & Charleston, W.Va. — United Bank today announced it received an "Outstanding" rating from the Federal Reserve Bank of Richmond in its most recent evaluation of Community Reinvestment Act (CRA) performance. This represents the highest possible rating of how well a financial institution meets the credit needs of its communities and is achieved by fewer than 10% of banks in the nation.

The 2018 rating reflects a two-year evaluation period of United’s loans, investments and services in qualified community development programs. United achieved an outstanding rating in all three categories.

The Federal Reserve Bank of Richmond commented that United Bank’s commitment to assisting low- and moderate-income communities includes being a leader in providing community development loans and community development services within its primary market, along with demonstrating excellent responsiveness to local credit needs through lending and investments.

Read the full article here.

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