What is the Community Reinvestment Act of 1977?
Congress enacted the Community Reinvestment Act of 1977 to encourage financial institutions to meet the credit needs of the communities in which they operate. The exam measures a number of factors:
- The depth of a bank's community development lending
- The distribution of small business and home mortgage loans in local communities
- The availability of bank branches and services in low- to moderate-income neighborhoods
- The bank's commitment to serving the community through volunteerism and by providing financial education
M&T's Outstanding Community Reinvestment Act (CRA) Rating
M&T has a long history of providing financing and making investments that expand affordable housing and support the growth of small business. We've established a clear track record for facilitating the purchase and rehabilitation of housing for our neighbors and for generating economic activity in our communities. And we provide access to a full range of banking products and services through convenient
banking locations across our entire footprint.
As a result of this steadfast commitment, M&T Bank has earned the highest rating awarded by both the Federal Reserve Bank of New York and the NYS Department of Financial Services for each of our periodic performance evaluations since 1989.
For a copy of the M&T Bank Community Reinvestment Act performance evaluation, stop by an
M&T Bank Branch.
In addition to our Community Reinvestment performance record, M&T Bank has also been acknowledged for its level of
charitable giving. Every year, we direct a significant portion of our contributions to agencies and programs that improve the quality of life for low- and moderate-income communities.
M&T also supports its communities through lending and investments, which bolster small businesses and create jobs. Through these actions and initiatives, M&T Bank works hard every day to understand – and support – what's important to each of the communities we serve.