READING, Pa. - Meridian Bancorp's lead subsidiary, Meridian Bank, said it received an "outstanding" Community Reinvestment Act rating from the Federal Reserve Bank of Philadelphia.

Only about 15% of examined institutions receive an "outstanding," the bank said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.