The Community Reinvestment Act (CRA) was implemented by the Federal Reserve as Regulation
BB in 1978 following the congressional adoption of Title VII of the Housing and
Community Development Act of 1977. Its intent is to encourage all financial institutions
to assess and meet the credit needs of their local communities including low-to-moderate-income
areas consistent with the institutions’ business strategies. CRA does not prohibit
any activities nor does it require specific allocation of credit.
The board of directors of First State Bank of Paint Rock understands and recognizes
its responsibilities regarding CRA. By remaining in this location and continuing
to conduct business in a safe and sound manner, we feel that we have demonstrated
our commitment to this community. In addition, the following statement to comply
with Regulation BB has been adopted.
It is the policy of this bank to comply with the letter and intent of all applicable
consumer and fair lending laws. No individual will be denied the services of First
State Bank of Paint Rock due to discrimination because of race, color, religion,
national origin, sex, marital status, disability, or age. Employees are instructed
to treat all persons fairly and not to discourage any individual from applying for
credit. First State Bank of Paint Rock will accept and consider all written applications
for credit and will grant such credit based on safe and sound banking principles.
The general objectives of this policy is to express First State Bank of Paint Rock’s
commitment to its various communities and its desire to extend credit to all its
customers, including those with low to moderate income.
The specific goals of this CRA policy are to:
A. Delineate the bank’s trade territory. B. Assess the entire trade area needs and
meet those needs consistent with First State Bank of Paint Rock’s strategic plan.
C. Develop and market products to all areas within our trade area, including low-and
moderate-income areas. D. Extend credit to all applicants who meet underwriting
standards, regardless of race, creed, marital status, age, religion, and nationality.
E. Develop certain products that will help meet the needs of low-to moderate-income
citizens and to participate in government subsidy programs and guarantees. F. Encourage
employee participation in community service through civic and charitable groups.
First State Bank of Paint Rock has delineated its trade area based on its size,
lending expertise, management, and competition. Consistent with past practices,
First State Bank of Paint Rock designates the trade area as Concho County and Tom
Our customers are located in all towns and communities in the trade area, which
include, but are not limited to Paint Rock, Eden, Millersview, Eola, Lowake, and
Concho, San Angelo, Ballinger, and Winters. Our bank provides all the credit needs
to a large number of minorities and low-income people in the trade area.
The CRA program and related elements will be reviewed annually by the board of directors.
First State Bank of Paint Rock meets its community bank obligation in every way
to all people of our trade area. Our bank is one of the largest contributors to
most of the community organizations and worthwhile projects. A CRA file is maintained
which contains evidence of all contributions and support the bank gives to the community
organizations and projects. A bank management team member will be appointed CRA
Credit Service Offered
The following credit services are offered within our trade area as of this date:
A. Consumer Loans
B. Commercial Loans
First State Bank of Paint Rock has traditionally been a consumer-oriented bank that
has made loans to small and medium-sized business. We will continue to take applications
from all areas of our trade area without discrimination as to religion, race, color,
nationality, age, or marital status.
First State Bank of Paint Rock has a wide array of competitively priced checking,
savings, and money market accounts. The following is a list of such services:
A. Low-cost checking B. Interest-bearing checking C. Savings and time deposits D.
Safe deposit boxes E. Financial advisory
CRA ACT NOTICE
The following notice has been posted in our lobby:
THE FEDERAL COMMUNITY REINVESTMENT ACT (CRA) REQUIRES THE FEDERAL DEPOSIT INSURANCE
CORPORATION (FDIC) TO EVALUATE OUR PERFORMANCE IN HELPING TO MEET THE CREDIT NEEDS
OF THESE COMMUNITIES AND TO TAKE THIS EVALUATION INTO ACCOUNT WHEN THE FDIC DECIDES
ON CERTAIN APPLICATIONS SUBMITTED BY US. YOUR INVOLVEMENT IS ENCOURAGED.
You should know that:
You may obtain our current CRA statement for our delineated community in this office.
You may send signed, written comments about our CRA statement or our performance
in helping to meet community credit needs to:
Dana Routh Internal Auditor/Compliance Officer/CRA Officer
First State Bank of Paint Rock 402 Smith Blvd.
San Angelo, TX 76905
Federal Deposit Insurance Corporation
1600 Bryan St., Suite 2000
Dallas, Texas 75201
Your letter, with any response by us, may be made public.
You may look at a file of all signed, written comments received by us within the
past two years, and responses we have made to the comments, and all CRA statements
in effect during the past two years at our office.
You may ask to look at any comments received by the Regional Director of the Federal
Deposit Insurance Corporation (FDIC).
You also may request from the Regional Director of The FDIC announcement of applications
covered by the CRA filed with the Director.
You may obtain the public section of our most recent CRA Performance Evaluation,
which was prepared by the FDIC from the First State Bank located at Truehart & Moss
St. Paint Rock, TX 76866 or at our office located at 402 Smith Blvd., San Angelo,
Community Needs and Services
For a number of years, First State Bank of Paint Rock has participated in many community
programs to assess and meet our community’s needs and to support redevelopment.
Many of the programs are specifically designed to meet the needs of low-to moderate-income
people. The following is a list of these programs:
A. Financial counseling for low-income people B. Provide tours of the bank and present
programs at county schools educating young people about banking C. Senior citizens
programs D. Volunteer fire organization E. All community Fall and Ethnic Festivals
F. Upper Concho Life Support Unit G. United Way
First State Bank of Paint Rock encourages all of its employees to become involved
in community programs. The following lists many of the programs that our employees
lead and participate in:
A. Concho County Junior Livestock Association and Stock Show B. Senior Citizens
Organizations C. Young Farmer Organizations D. FmHA Loan Programs E. Civic Clubs
F. Christmas in April G. Soil and Water Conservation Organizations H. Neighborhood
Crime Watch I. Church Service Organizations J. United Way
Employees also receive training on the importance of giving customers equitable
and fair treatment.
Outreach, Marketing, and Community Service
First State Bank of Paint Rock will continue to develop a special minority advertising
program to better inform all areas of our community about our services. This program
periodically includes radio, television, and newspaper advertising of credit services
on local stations and in community newspapers.
Officer calling programs and market surveys will also include special questions
regarding community needs in minority and small business areas.