J.P. MORGAN CHASE BANK-2016 - Laserfiche WebLink

Home Browse Search

As of June 30, 2016 and December 31, 2015, JPMorgan Chase & Co. and all of its banking subsidiaries were well - capitalized and met all capital requirements to which each was subject. g. Community Reinvestment Act (CRA). Bank must be in compliance and in good standing with the Community Reinvestment Act. Provide the Bank's CRA rating. As a leader in financial services, J.P. Morgan Chase, N.A. has always viewed corporate responsibility as a key component of our culture, and we take our role in leading the way forward seriously. JPMorgan Chase Bank, N.A. receives a rating from the CRA Examinations once every three to four years. The most recent CRA examination completed by the Office of the Comptroller of the Currency (OCC), as of December 31, 2010, resulted in an overall Satisfactory rating. In addition to the overall bank rating, each state receives a separate rating. JPMC was rated Outstanding for its CRA activities in the State of California. The most recent examination is available at: http: / /wNnv.occ.gov /static /cra /craeval/ju112 /8.pdf Additionally, our philanthropic efforts further multiply the impact to our communities. We recognize the overall importance of managing our business responsibly and have built a culture around "doing the right thing" in our dealings with clients and communities. h. Involvement with City Sponsored Programs. Bank shall demonstrate that it meets, or its willingness to meet, council policy established in 1979, quoted as fol lows: "Council policy shall be to require banks to participate in, or to support City sponsored programs for community improvement in order to receive City demand deposit accounts and to remain on the City's depository list. " Describe in detail, current or proposed participation on specific projects and community involvement activity in the City of Santa Ana. Since our founding more than 200 years ago, JPMorgan Chase has been a leader in our communities and we continue to deploy our resources at a local level. We have provided the following overview of our activities that support the community of Santa Ana and its constituents. • As of September 2o16, JPMorgan Chase & Co. employed 72 employees in Santa Ana and we have 137 employees living in the City. We serve approximately 72,887 consumers and more than 4,429 small businesses in Santa Ana through 4 banking centers and 19 ATMs. • In 2014 and 2015, 27 Santa Ana -based JPMC employees volunteered 167.5 hours of their time in the community. JY Morgan