NORWAY — Norway Savings Bank achieved an “outstanding” rating on its latest Community Reinvestment Act examination, administered by the Federal Deposit Insurance Corp. This is the second consecutive examination cycle that Norway Savings has achieved this rating.
It is the result of its strong record of helping to meet the credit needs of the communities it serves, which includes individuals and small businesses in low- and moderate-income neighborhoods. Examiners noted that the bank was creative in the use of innovative lending practices and is a leader in community development lending.
The FDIC reconfirmed the bank’s excellent performance in the accessibility of delivery systems and community development services and cited its leadership in community development involvement and financial education initiatives.
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