BankFinancial Announces an Outstanding Rating on CRA Exam
BURR RIDGE, Ill., July 29, 2022 (GLOBE NEWSWIRE) -- BankFinancial Corporation today announced that its subsidiary, BankFinancial, N.A., has received a rating of “outstanding” in its most recent Community Reinvestment Act (CRA) performance evaluation, for the 2019-2021 period. The 2022 CRA Public Evaluation marks BankFinancial’s tenth consecutive Outstanding CRA rating.
“As we emerge from the coronavirus crisis and the many challenges faced by businesses and families in our communities, receiving an “Outstanding” assessment of our Community Reinvestment Act efforts is particularly meaningful, as it is our tenth consecutive “Outstanding” rating,” says F. Morgan Gasior, BankFinancial, N.A. CEO. “BankFinancial has an unwavering commitment to provide banking services across the communities we serve, especially to multi-family residential real estate investors and small businesses in low-to-moderate income areas. We are proud to have earned the highest CRA rating in recognition of our hard work and dedication to helping our community prosper.”
The CRA Performance Evaluation notes that BankFinancial provides:
- Excellent responsiveness to meeting the credit needs in the BankFinancial assessment area, given the bank’s product mix, business strategy, and community development activities had a significantly positive impact on the bank’s performance.
- Extensive use of innovative or flexible practices in a safe and sound manner to address the credit needs of low- or moderate-income individuals or geographies.
- Excellent responsiveness to the community development needs, as they made a significant level of investments, grants, and donations.
- High level of community development services.
BankFinancial will place the performance evaluation in the Bank’s public file by August 1, 2022, and it can be found on BankFinancial.com.
About BankFinancial NA
BankFinancial, N.A. is a national bank providing banking, wealth management and fiduciary services to individuals, families, and businesses in the Chicago metropolitan area and on a regional or national basis for commercial finance, equipment finance, multi-family and commercial real estate loans, and treasury management business customers. BankFinancial, N.A. is the national bank subsidiary of BankFinancial Corporation (NASDAQ: BFIN).
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