For a third consecutive time, FNB Bank has been awarded the highest “Outstanding” rating from the Federal Deposit Insurance Corporation — following the supporting efforts from the Community Reinvestment Act.
The FDIC recently conducted their examination period process, which spans March 2020 to March 2023, and evaluated FNB Bank’s lending and community development services based on the bank’s service area.
This rating from the FDIC acknowledges FNB Bank continues to “meet the needs” of the communities it serves, including low- and moderate-income neighborhoods, and remains consistent with safe, sound banking practices.
Brooke Wiles, FNB’s vice president/marketing director and CRA officer, called it a “great accomplishment” and a distinction “very few banks achieve.”
Like most fiduciary institutions, FNB Bank is regularly evaluated, with regulators spending several weeks reviewing each bank’s loans and community commitments. A variety of people within the business are interviewed in regard to micro-economic developments and trends. An overall CRA rating is then assigned to each bank, from “Outstanding” to “Substantial Noncompliance.”
Founded in 1875, FNB Bank is one of the oldest banks in the Commonwealth and is also Member FDIC and an Equal Housing Lender. It has assets north of $650 million, and ranks among the best in the country in safety and soundness. Ten locations span west Kentucky in Graves, McCracken, Calloway, Trigg and Marshall counties.
