BURR RIDGE, Ill., July 29, 2022 (GLOBE NEWSWIRE) -- BankFinancial Corporation today announced that its subsidiary, BankFinancial, N.A., has received a rating of �outstanding� in its most recent Community Reinvestment Act (CRA) performance evaluation, for the 2019-2021 period. The 2022 CRA Public Evaluation marks BankFinancial�s tenth consecutive Outstanding CRA rating.
�As we emerge from the coronavirus crisis and the many challenges faced by businesses and families in our communities, receiving an �Outstanding� assessment of our Community Reinvestment Act efforts is particularly meaningful, as it is our tenth consecutive �Outstanding� rating,� says F. Morgan Gasior, BankFinancial, N.A. CEO. �BankFinancial has an unwavering commitment to provide banking services across the communities we serve, especially to multi-family residential real estate investors and small businesses in low-to-moderate income areas. We are proud to have earned the highest CRA rating in recognition of our hard work and dedication to helping our community prosper.�
The CRA Performance Evaluation notes that BankFinancial provides:
- Excellent responsiveness to meeting the credit needs in the BankFinancial assessment area, given the bank�s product mix, business strategy, and community development activities had a significantly positive impact on the bank�s performance.
- Extensive use of innovative or flexible practices in a safe and sound manner to address the credit needs of low- or moderate-income individuals or geographies.
- Excellent responsiveness to the community development needs, as they made a significant level of investments, grants, and donations.
- High level of community development services.
BankFinancial will place the performance evaluation in the Bank�s public file by August 1, 2022, and it can be found on BankFinancial.com.
About BankFinancial NA
BankFinancial, N.A. is a national bank providing banking, wealth management and fiduciary services to individuals, families, and businesses in the Chicago metropolitan area and on a regional or national basis for commercial finance, equipment finance, multi-family and commercial real estate loans, and treasury management business customers. BankFinancial, N.A. is the national bank subsidiary of BankFinancial Corporation (NASDAQ: BFIN).
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