Policy Development for Community Banks on the Rise

Increasingly, amid intense regulator pressure, financial institutions at the smaller end of scale are implementing their first policies for managing environmental risk in commercial lending practices. This trend is in stark contrast to the largest financial institutions in the country, like Wells Fargo, Bank of America, US Bank and others, that have long-standing sophisticated policies that have been in place for a decade or even more. EDR Insight’s recent quarterly surveys of financial institutions reflect that more and more community banks are following in the footsteps of their larger counterparts and adopting institution-wide policies that define clear environmental due diligence policies for new originations, refis, foreclosures and property purchases.

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Find out why community banks are following in the footsteps of national institutions, why policies are beginning to take root alongside originations ramping back up and what the drivers are for risk management.