Home Bank Recognized for Its Community Reinvestment Act

Home Bank earned an “Outstanding” rating in its recent Community Reinvestment Act exam. Shown here, bank volunteers help with landscaping on the grounds of Thrive Academy in Baton Rouge.

LAFAYETTE – Home Bank announced today that it has earned the highest rating of “Outstanding” for its recent Community Reinvestment Act  examination by the Office of the Comptroller of the Currency. The examination includes an evaluation of the bank’s lending, investment and community service related activities.

The examination, which covered the three-year period ending December 31, 2018, concluded that Home Bank is “a leader in providing community development services,” has demonstrated “strong responsiveness to community development needs” and provides an “excellent level of community development lending.”

“One of our core values is ‘we serve our community’,” John W. Bordelon, President and Chief Executive Officer, said. “That dedication to helping others is reflected in the OCC’s conclusions. We partner with organizations committed to helping others build productive lives for themselves. We firmly believe that education and jobs are keys to a better life.”

In its report, the OCC highlighted Home Bank’s Credit Builder Loan designed to assist customers in building or rebuilding their credit history and the bank’s Homebuyer Equity Leverage Partnership with the Federal Home Loan Bank of Dallas in which qualified home buyers may receive up to $10,000 toward closing costs and/or down payment assistance. The OCC also commended Home Bank’s work with Thrive Academy of Baton Rouge, Step Up Acadiana and several other organizations focused on assisting low-to-moderate income families.

Categories: Banking, Today’s Business News

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