They often respond with greater agility to lending requests than their national competitors because of their detailed knowledge of the needs of their customers and their close ties to the communities they serve. As you well know, however, community banks are also facing difficult challenges.
On effectiveness, the assessment reflected accurate ratings for seven out of the 11 Immediate Outcomes (IOs), while on technical compliance, the assessment reflected accurate ratings for 34 out of the 40 Financial Action Task Force (FATF) Recommendations.