Marquette Bank Recognized for Community Reinvestment Act (CRA) Excellence

Lawndale News Chicago's Bilingual Newspaper - Business

Marquette Bank employees Sandra Turner, Community Relations Officer (middle left) and Manny Jimenez, Vice President, CRA Officer (middle right) accept a CRA Award and ‘A’ CRA rating from Otis Monroe, President, Executive Director (far right) of The Monroe Foundation and Mark Allen, Chairman, National Black Wall Street-Chicago (far left).

Marquette Bank, a locally-owned neighborhood bank and the banking subsidiary of Marquette National Corporation (MNAT), was awarded the highest possible Community Reinvestment Act (CRA) performance rating from the Federal Reserve. This rating reflects the bank’s performance during 2011 and 2012 and is the seventh time in a row Marquette Bank was awarded an “Outstanding” on its CRA evaluation and puts the bank in a select group of financial institutions.

The Community Reinvestment Act of 1977 was enacted by Congress to encourage financial institutions to meet the credit needs of its entire assessment area, including low and moderate income individuals, neighborhoods and businesses. The CRA examination consists of three tests, including: lending, investment and service that examine a bank’s mortgage, small business and community development lending, community development investments and community development services within its assessment area.

Marquette Bank also was one of only five Chicago banks awarded an ‘A’ on its 2013 CRA Report Card, a community “grading” on how banks address community development investment, lending and banking needs in economically struggling communities, jointly presented by The Community Reinvestment Organizing Project and the P.A.C.T. (Partnership Assisting Community Transformation) Project, both initiatives of the Monroe Foundation.

For more information about Marquette Bank, call 1-888-254-9500 or visit our website at

Comments are closed.