Two community banks in Massachusetts earned an "outstanding" rating in the Office of the Comptroller of the Currency’s (OCC) most recent round of Community Reinvestment Act evaluations, made public this week.
The OCC publicized 37 evaluations this month, rating three banks "outstanding" and the other 34 "satisfactory." Whitman-based Mutual Bank and Colonial Federal Savings Bank in Quincy both earned an "outstanding" in their evaluations.
"We’re very, very pleased with the rating, and it just goes to show our commitment to lending in our area," Michael McFarland, president and CEO or Colonial Federal Savings, said in a statement.
"We had excellent distribution of loans to borrowers of different income levels," Mutual Bank CEO Glen White said.
"We’re here to lend to the everyday man, the salt of the earth people. That’s our business plan," White commented. "The fact that we did well at it, that’s rewarding, but that’s what we do."





