Strategic Plans

In lieu of the three primary performance tests and standards, Section 345.270 of the Illinois CRA rules provides banks the option to develop a strategic plan, following public review and comment. The strategic plan option provides a bank with the opportunity to tailor its CRA objectives to the needs of the community and to its own capacities, business strategies, and expertise. To be approved, a strategic plan must specify measurable goals for helping to meet the credit needs of each assessment area covered by the plan, particularly the needs of low- and moderate-income geographies and low- and moderate-income individuals, through lending, investment, and service. It must also address lending, investment, and service performance categories and generally emphasize lending and lending-related activities.

DOB has approved the following banks’ strategic plan:

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