The regulatory agencies recently announced that the asset-size thresholds for CRA were adjusted and will become effective January 1, 2014.
These thresholds determine whether an institution will be classified as a small bank, intermediate-small bank or large bank for CRA purposes. For either of the prior two calendar year-ends (December 31, 2013 & December 31, 2012):
- A “small bank” or “small savings association” means assets less than $1.202 billion.
- An “intermediate small bank” or “intermediate small savings association” means assets of at least $300 million but less than $1.202 billion.
- A “large bank” or “large savings association” means assets of $1.202 billion or more.
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!