State Farm® Strong Neighborhoods

Revitalizing Communities: State Farm Bank®

Community Reinvestment Act (CRA)

The Community Reinvestment Act (CRA) was created to encourage financial institutions to meet the credit and banking needs of entire communities--including low and moderate income (LMI) areas and individuals consistent with safe and sound banking operations. State Farm Bank has consistently exceeded the requirements of the Community Reinvestment Act.

The CRA provides a framework for banks and community organizations to work together to meet these needs. According to the CRA regulation, the definition of community development includes:

• Affordable housing (including multi-family rental housing) for LMI individuals
• Community services targeted to LMI individuals
• Activities that promote economic development by financing small businesses or small farms
  
• Activities that revitalize or stabilize LMI geographic areas

CRA evaluates these main areas of focus:

• Investments
• Services
• Lending

State Farm Bank falls under the CRA regulatory guidelines established by the Office of Thrift Supervision (OTS). The bank’s performance is reviewed by the OTS every 24 to 36 months–our latest ratings can be seen at http://www.ffiec.gov/craratings.

State Farm Bank’s management does not view CRA as a duty, but instead links the spirit of the law to the insurance company’s historical commitment of helping to build communities by expanding upon conventional ways of doing business.

State Farm Bank, Bloomington, Illinois, a Member FDIC and Equal Housing Lender.