Marquette Bank Awarded Ninth Consecutive Community Reinvestment Act 'Outstanding' Rating
Release date: 8/13/2018
Orland Park, IL (August 13, 2018) –– Marquette Bank, a locally-owned neighborhood bank and the banking subsidiary of Marquette National Corporation (MNAT), was awarded its ninth consecutive Community Reinvestment Act (CRA) ‘Outstanding’ rating, the highest performance rating, from the U.S. Federal Reserve Bank during its most recent evaluation period.
“Marquette Bank is a neighborhood bank. Since our founding in 1945, we have been an active participant in our communities and neighborhoods in Chicagoland. This extended streak of ‘Outstanding’ CRA ratings reflects our commitment to our clients, local residents, small businesses and the communities we serve,” said George Moncada, President and CEO of Marquette Bank
The CRA evaluation measured Marquette Bank's performance with respect to addressing the credit needs in its assessment area, including serving low- and moderate-income individuals, neighborhoods and businesses. The CRA examination consisted of performance tests in three categories: lending, community investment and service.
This ninth consecutive “Outstanding” CRA performance rating places Marquette Bank in an elite group of financial institutions in the United States by demonstrating its ability to be a leader in identifying and helping to meet the credit needs of its communities for over 18 years.
Marquette Bank has a long history of partnering with local non-profits, community groups and social service organizations to bring financial education to local residents through seminars and free financial planning. The bank’s employee volunteer initiative completes over 60 service projects each year. Marquette Bank Education Foundation’s scholarship program awards over 50 local scholarships annually and has helped almost 1,700 students since 1967. Last year, the bank was recognized by the Community Banking Association of Illinois with an innovation award for its Affordable Housing Foundation and First-time Home Buyer Program.
“Marquette Bank has developed a comprehensive and systematic approach to address the affordable banking and credit needs of our local market by balancing the latest banking technology with knowledgeable, caring bankers to help you make smarter financial decisions,” Manuel Jimenez, First Vice President and CRA Officer for Marquette Bank, commented. “Where you bank matters and when you bank with Marquette Bank, you can feel good that you are contributing to the success of our local residents and our local economy.”
Photo Caption: Marquette Bank’s original location at 6316 S. Western Ave. Marquette Bank was awarded its ninth consecutive Community Reinvestment Act 'Outstanding' rating, the highest possible rating, by the Federal Reserve Bank putting it in the top 1% of banks in the nation in CRA performance. For more information about Marquette Bank, call 1-888-254-9500.
About Marquette Bank:
Marquette Bank is one of the largest neighborhood banks in Chicagoland and has been helping neighbors, families and businesses achieve their financial goals since 1945. Independent and locally-owned, Marquette Bank is proud to offer a full range of banking services, financial solutions, trust, estate and retirement planning, wealth management, home financing and lending services to both consumers and local businesses. The Bank offers customers mobile banking, online banking, in-person and telephone banking options and free access to over 55,000 Allpoint ATMs worldwide.
Marquette Bank has 21 banking centers, 2 lending services offices and a corporate administrative center with locations in Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Lawn, Oak Forest, Orland Park, Romeoville and Summit, Illinois. Marquette Bank is a subsidiary of Marquette National Corporation, a diversified financial holding company, and has $1.5 billion in assets along with a local lending portfolio of almost $1 billion. Marquette Bank is an Equal Opportunity Lender, Equal Housing Lender and Member FDIC. Connect with Marquette Bank on social media on Facebook, Twitter and LinkedIn. For more information visit: https://www.emarquettebank.com or call 1-888-254-9500.