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PURCHASE AND ASSUMPTION AGREEMENTWHOLE BANK ALL DEPOSITSAMONGFEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF FIRST NATIONAL BANK OF GEORGIACARROLLTON, GEORGIAFEDERAL DEPOSIT INSURANCE CORPORATIONandCOMMUNITY
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The Community Reinvestment Act (CRA) requires banks to report their lending activities in certain communities to ensure they are serving the credit needs of those areas.
Banks and financial institutions that meet specific criteria set by the CRA are required to file the Community Reinvestment Act (CRA) reports.
To fill out the community reinvestment bank form, institutions need to gather data on their lending practices, including the types of loans, amounts, and demographics of borrowers, and compile this information in accordance with the regulatory guidelines.
The purpose of the Community Reinvestment Act is to encourage financial institutions to meet the credit needs of all communities, particularly low- and moderate-income areas.
Institutions must report data such as the number and amount of loans made, the areas served, and demographic information about borrowers.
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