MIDDLEBURY — The National Bank of Middlebury was recently awarded with an “Outstanding” performance evaluation for Community Reinvestment Act (CRA). The CRA categorization is an evaluation of a banking institution’s record of meeting the credit needs of its entire community including low and moderate-income neighborhoods. The criteria for the rating is as follows:
•  The level of lending as related to loan-to-deposit (LTD) ratio compared to local and national peer averages.
•  Distribution of originated and purchased loans made within the institution’s assessment area (AA).
•  Overall borrower distribution of loans among borrowers of different income levels and businesses of different sizes.
•  Institution’s responsiveness to community development needs in the AA.
The National Bank of Middlebury is a $358 million independent community bank headquartered in Middlebury, and is a wholly owned subsidiary of Middlebury National Corporation. The Bank has one-third ownership in an operating subsidiary, Community Financial Services, LLC, which was created in partnership with two other financial institutions for the purpose of offering trust and investment services to bank customers. Affiliate activity was not considered as part of this evaluation.