Community Reinvestment Act (CRA)
Public File Information
At Norway Savings Bank, we are dedicated to helping the communities in which we live and work thrive and prosper. Through innovative lending practices and highly accessible banking services, we are able to respond to the credit needs of individuals and families at all income levels as well as small businesses, including those located in low- and moderate-income neighborhoods. Team members donate their time at hundreds of local organizations annually, offering firsthand assistance in delivering community enrichment and growth. These bank-wide efforts have led to the FDIC awarding NSB with an “Outstanding” rating in excelling at the goals of the Community Reinvestment Act, a distinction earned by less than 10% of banks in the U.S. Our Bank has received this rating for three consecutive evaluation cycles spanning nine years. Through continued collaboration with the public and private sector, we remain ever committed to offering meaningful and innovative support to our neighbors and in our communities.
Public Information Available for Inspection
Norway Savings Bank is committed to the betterment of the people, employees and communities we serve. We strive to make a meaningful and positive impact in our local communities. The bank’s CRA Public File is available for public inspection on our website. The following information contained in the bank’s CRA Public File is updated April 1, annually and periodically as information becomes available.
CRA Written Comments From the Public
Any written comments received from the public for the current year and each of the two prior calendar years. Comments are updated quarterly.
CRA Performance Evaluation
The CRA Performance evaluation is an assessment of the bank’s response to serving the banking needs of our communities. We will respond to all creditworthy segments of our market while ensuring the safety and soundness of the bank. The most recent CRA Performance Evaluation is available. Norway Savings Bank received an OUTSTANDING rating.
Branch/ATM Locations & Hours
A full list of Norway Savings Bank branches, ATMs, street addresses, hours and Census Tract is available.
Opened and Closed Branches/ATMs
Norway Savings Bank Branches and ATMs opened or closed by the bank for the current year and each of the two prior calendar years.
Products, Services & Schedule of Fees
A list of banking services (including available loan and deposit products, and schedule of fees) generally offered at the bank’s branches and descriptions of material differences in the availability or cost of services at particular branches, if any.
Facility Based Assessment Area
A map of each facility-based assessment area showing the boundaries of the area and identifying the census tracts contained within the area.
Assessment Area Census Tract Lists
Additional Information Available to the Public
None at this time.
COMMUNITY REINVESTMENT ACT NOTICE
The CRA Disclosure Statement about our Small Business, Small Farm lending is available online for review. These data are are available online on the Federal Financial Institutions Examination Council’s (FFIEC) website at: https://www.ffiec.gov. CRA Small Business, Small Farm loan data for many other financial institutions are also available online. For more information, visit the FFIEC’s website (https://www.ffiec.gov).
HOME MORTGAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending are available online for review.
The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and
income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda). HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website (www.consumerfinance.gov/hmda).
