Member News
Member News
Check out the latest news from our chamber members. Do you have something you would like featured on this page? Send your press release, company information and pictures to Alyse Buskey to be posted on this page!
Champlain National Bank Receives Outstanding CRA Performance Evaluation
Champlain National Bank earned an Outstanding rating from the Office of the Comptroller of the Currency (OCC) in a recent exam of its Community Reinvestment Act (CRA) activities. Under the CRA, banks are evaluated on how they meet the credit needs of the communities they serve, including low- and moderate-income households, and the types of community development activities they provide. A rating of Outstanding is the highest grade a financial institution can receive.
“I am proud of what our team has accomplished to help Champlain National Bank achieve this ‘Outstanding’ rating,” said Steven Cacchio, President and CEO. “This rating reflects the commitment to the communities where we live and work."
The Community Reinvestment Act was enacted in 1977 in order to address systemic inequities in accessing credit. The CRA was strengthened and modernized last year in order to promote increased lending, investment, and basic banking services in communities.
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DIVISIONS & RESOURCES OF THE NORTH COUNTRY CHAMBER OF COMMERCE
The North Country Chamber of Commerce serves Clinton, Essex, Franklin, Hamilton and northern Warren Counties in New York State, as well as the Akwesasne Territory and parts of southern Quebec. With more than 4,000 members, it is the largest business and economic development alliance in northern New York and one of the five largest chambers in the state.
Questions about the Chamber? Call Us! 518.563.1000
