Financing Business Development, Expansion in Rural USA

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled “Financing Business Development and Expansion in Rural America.” The newsletter provides an in-depth look at how banks are helping rural businesses grow and presents examples of banks helping to finance projects that expand manufacturing and bring services, goods, and jobs to rural communities.  The newsletter also discusses the recent changes to the Interagency Community Reinvestment Act Questions and Answers that will provide banks greater flexibility to serve rural communities that are outside their assessment areas, but are in the broader statewide or regional area that includes their assessment areas. “Banks and thrifts are stretching their financing capacity and reducing their risks by partnering with government agency programs,” said Comptroller of the Currency Thomas J. Curry. “Together, they are meeting community and business needs.”

November 2013 Newsletter

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