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FDIC: FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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COMMUNITY REINVESTMENT ACT

Opportunity is cemented in neighborhood success.

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Community Reinvestment Act

The Community Reinvestment Act (CRA) is an important law that encourages banks to make loans and investments in low- and moderate-income communities across the country. At Heritage Bank, we use our community development expertise—through our lending, investing and philanthropic capital—to build and strengthen the neighborhoods we serve.
Heritage Bank CRA Public File 4-1-24 (PDF)
 
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How does Heritage put CRA into practice?

The FDIC conducts a performance evaluation of Heritage's CRA performance every three years. Most importantly, through the philosophy of community development, Heritage builds upon our performance in our communities each and every year.
 

Four Pillars of Community Development

Community Services
The practice of engaging community organizations that better the economic lives of our communities, such as homeless services, medical services, financial education, homeownership education and foreclosure prevention.

Affordable Housing
This seeks to create, preserve and support affordable housing developments or opportunities. Our teams are passionate about affordable housing because it's an important need, and we want to improve the quality of our communities so they can thrive for years to come.

 

Economic Development
Here we work diligently in the creation of jobs by supporting small businesses who earn less than $1 million a year in revenue or have below government regulated employment levels. Our goal is to improve, attract or retain employees in our communities.

Revitalization and Stabilization
This pillar is geographically focused to serve low- to moderate-income or middle-income distressed or underserved communities. For example, we seek opportunities to actively fight against community decline by financing or investing in opportunities that attract, retain or improve an area for residents or businesses.

 

 

Resources

The following video is provided by the San Francisco Federal Reserve and is regarded as the best explanation of CRA in the industry.
Watch video
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Learn more

See what we are doing in our communities.