Release Date: September 5, 2017
Orleans, MA – Cape Cod Five received its 9th consecutive Outstanding rating on the Community Reinvestment Act (CRA) Performance Evaluation by the FDIC and Massachusetts Division of Banks.
“Our Outstanding CRA rating is one indicator that we are successfully fulfilling our Community Commitment promise to reinvest locally, support business growth, provide financial education and promote affordable homeownership,” said Dorothy A. Savarese, President and CEO of Cape Cod Five. “We strongly believe that providing access to banking resources to all members of our community – regardless of their stage of financial journey, income level or demographics – will lead to strong, healthy communities.”
The evaluation assesses the Bank’s performance in providing responsive, innovative and flexible home mortgage, small business loans and community development lending; providing investments, grants and donations to support community development initiatives and promote services to low- and moderate-income individuals; and providing accessible and convenient banking services that effectively meet the needs of the community.