In Brief: S.C.'s American Federal Gets Top CRA Rating

GREENVILLE, S.C. - American Federal Bank received an "outstanding" rating for its record in meeting the credit needs of its market, including low-income and moderate-income neighborhoods.

American Federal has earned the highest rating possible on all three of its Community Reinvestment Act evaluations by the Office of Thrift Supervision.

"We consider CRA an opportunity to become more involved in the communities we serve," said Roy Abercrombie, chairman and chief executive. "The meetings we hold with community leaders and the partnerships we've developed with local organizations keep us in touch with changing conditions in our market."

American Federal participates in city, state, and federal programs to fund affordable housing and other special needs of borrowers with low to moderate incomes. The thrift is also first among South Carolina financial institutions in reverse mortgages.

American Federal has $1.3 billion of assets and 41 branch offices.