Certified Regulatory Compliance Manager (CRCM) — Question 3

ABC National Bank, an independent bank with $120 million in total assets located in a large urban area, is in the process of determining its option for its CRA evaluation. Which of the following options is NOT open to ABC Bank?

Answer options

• A. The small bank performance standard
• B. The lending, investment, and service tests
• C. The community development test
• D. The strategic plan option

Correct answer: C

Explanation

The community development test is not an option for ABC National Bank because it is only applicable to larger institutions with assets exceeding a certain threshold. The other options, including the small bank performance standard, lending, investment, and service tests, and the strategic plan option, are indeed available to banks of ABC's size.