Gibraltar Private Bank & Trust recently received the highest rating of “Outstanding” from the Office of the Comptroller of the Currency, following its latest Community Reinvestment Act (CRA) examination.
“We’re extremely honored to receive an “Outstanding” CRA rating. It’s gratifying to have the efforts of our staff recognized by this distinction that very few banks achieve,” said President and CEO of Gibraltar Private Angel Medina. “It reflects how committed we are to meeting the credit needs of all the people in the communities we serve.”
Implemented in 1977, the CRA requires regulators to evaluate each bank’s record of helping to meet the credit needs of the communities they serve and operate in, including low- and moderate-income residents and neighborhoods, consistent with safe and sound banking practices.
Regulators review each bank’s loans, investments and the community service they provide, while also seeking input from community organizations about the bank’s performance. The testing categories are Lending, Investments and Services.
Gibraltar Private achieved “Outstanding” ratings for Lending and Investments, and a “High Satisfactory” for Service. The examiners praised Gibraltar Private for displaying “excellent responsiveness to credit needs in both Florida and New York” and for “having a significant positive impact on all aspects of the lending test.”
About Gibraltar Private Bank & Trust
Celebrating its 22nd year, Gibraltar Private is an integrated private banking and wealth advisory company dedicated to enhancing the wealth and well-being of its clients and their families. Gibraltar Private offers residential and commercial lending, private banking and wealth management services to professionals and professional service firms, corporate executives, families, entrepreneurs and their businesses. Gibraltar Private has eight full-service offices with its headquarters in Coral Gables, offices in Fort Lauderdale, Miami, Miami Beach, South Miami, Naples, Ocean Reef and New York. For more information on Gibraltar Private visit www.gibraltarprivate.com.