Guam -BankPacific has once again been given an “outstanding” community reinvestment act rating by its u.s. bank regulators.
The Community Reinvestment Act ratings reflects a bank’s participation in making loans to homeowners, consumers and small businesses.
The “outstanding” rating is held by less than 7% of all FDIC insured banks in America.
“BankPacific is proud to have received the rating and plans to continue delivering the highest standard of service and quality. We remain fully committed to our island communities and our ‘outstanding’ rating reflects the philosophy of our board, management and staff to put people into homes and to help small businesses across the Pacific,” stated bank President Philip Flores.
BankPacific its doors in 1954 and has offices in Guam, Saipan and Palau.