first_imgMascoma Savings Bank, FSB,Mascoma Savings Bank recently received its Community Reinvestment Act (CRA) Performance Evaluation from the Office of the Thrift Supervision (OTS).  The Bank received an overall rating of ‘Outstanding’, which is the highest rating possible.  This rating is awarded to less than 8% of banks nationwide.The federal Community Reinvestment Act requires banks to meet the credit needs of the communities they serve, including low-to-moderate income households. In evaluating Mascoma Savings Bank’s performance, the OTS noted that the Bank’s lending to low-to-moderate income households substantially exceeds that of other regulated institutions in its assessment area.   Additionally, the Bank’s commitment to small business lending is strong and substantially exceeds that of other regulated institutions in its assessment area.  Also, the OTS recognized Mascoma Savings Bank for being proactive in providing community development services, often taking a leadership role in developing and establishing organizations that provide services to low-to-moderate income individuals and families.‘We are proud of our ‘Outstanding’ CRA rating.  This rating recognizes the Bank’s commitment to meeting the credit needs of businesses and families in our community’ said Ken Wells, Senior Vice President, Retail Lending and CRA Officer.Mascoma Savings Bank is a mutually owned Bank established in 1899.  With 18 locations throughout the Upper Valley and Lake Sunapee Region, we are mutually owned and not for sale.  With no shareholders to please, we are committed to remaining independent and to re-investing profits in our community.    Soruce: Mascomalast_img