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Community Highlights

Community Reinvestment Act Training: Highlights from Petersburg, Virginia

“Senior Economist and Policy Advisor Ray Owens provides bankers with a historical perspective on the Petersburg, VA economy.”

On July 31, 2019, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Bank of Richmond cosponsored an advanced Community Reinvestment Act (CRA) training for 40 bankers in Petersburg, Virginia at the city’s new public library facility. Tailored for experienced CRA bank officers, this knowledge-sharing event focused on banks’ CRA performance self-assessment concepts and tools, how to incorporate the bank’s performance context information in the CRA performance evaluation, and a review of community development activities using case study analysis and small group discussions. Interagency CRA banker education programs like this one are offered throughout the year to enhance banks’ capacity building and provide bankers with tools and technical advisement to help them with their strategic planning and develop performance context for their banks’ CRA assessment areas in preparation for their CRA examinations. The training is coordinated by the agencies community development and community affairs officers and instructed by bank examiners from each of the regulatory agencies.

“Senior Manager and Supervision, Regulation, and Credit Examiner, William Nurney, trains bankers to determine the community development needs and priorities in their assessment areas in preparation for bank Community Reinvestment Act examinations.”

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