We turned to Community Reinvestment Act (CRA) performance evaluations in the hope that  6 7  For example, see Berger and others (1998), Peek and Rosengren (1998), and Avery and Samolyk (2004). See Jagtiani, Kotliar, and Maingi (2016). - 10 they would offer some insights into local involvement by banks.
Because certain institutions are subject to community development tests, their performance evaluations include information on the bank’s qualifying loans, investments (including donations) and services, grants, and certain community service activities. 8 Comparing performance evaluations from CRA exam reports before and after an acquisition can provide some limited, case-specific evidence on the potential consequences of the loss of a bank headquarters.