The regulatory agencies have announced that the asset-size thresholds for CRA was adjusted and will take effect January 1, 2015. These thresholds determine whether an institution will be classified as a small bank, intermediate-small bank or large bank for CRA purposes. In 2015:
- A “small bank” or “small savings association” means assets less than $1.221 billion, for either of the prior two calendar years (December 31, 2014 & December 31, 2013).
- An “intermediate small bank” or “intermediate small savings association” means assets of at least $305 million for both of the two prior calendar years but less than $1.221 billion for either of those same years.
- A “large bank” or “large savings association” means assets of $1.221 billion or more for both of the prior two calendar years.
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!