🏦Bank Scorer

This institution is no longer active

Operations ceased on July 18, 1997. CRA examination history below reflects the period it was active.

MAGNA BANK, FSB

WATERLOO, IA · Supervised by OTS

Est. 1905FDIC #30,082
Outstanding Same

Current rating · Exam: March 1997

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Is this bank safe?

MAGNA BANK, FSB earned an Outstanding CRA rating (1997).

Institution Profile

FDIC BankFind

Address

999 Home Plaza, WATERLOO, IA

County

Black Hawk County

Established

January 1, 1905

Total Assets

$455M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

March 10, 1997

Exam Type

Assessment Factor

Regulator

OTS
What is a CRA rating? →
⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Rating History

CRA / FFIEC
Exam DateRatingExam Type
Mar 1997OutstandingAssessment Factor
Jan 1995OutstandingAssessment Factor
Nov 1993OutstandingAssessment Factor

1 previous rating locked — back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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