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Lafayette Savings Bank receives highest rating for Community Reinvestment Act commitment.

Lafayette, IN. – November 16, 2010 – Randolph F. Williams, President/CEO, is pleased to announce that Lafayette Savings Bank has been awarded an “Outstanding” rating for the bank’s commitment to the letter and spirit of the Community Reinvestment Act (CRA).

An outstanding rating is the highest rating possible by the Office of Thrift Supervision and it demonstrates the bank’s commitment to taking a leadership role in meeting the credit needs of all segments of the Greater Lafayette community.

Passed by Congress in 1977, CRA encourages financial institutions to help meet the credit needs of the communities in which they operate, including low-and moderate-income neighborhoods consistent with safe and sound banking operations. Federal regulators monitor whether banks are fulfilling their CRA obligations and they rate each bank based on its performance in lending, service and investments in the bank’s communities.

“Receiving the highest of ratings is an honor at any time,” said Randolph F. Williams, President/CEO of Lafayette Savings Bank. “To be recognized with such a distinction during a struggling economy is proof positive that Lafayette Savings Bank is concerned about the financial needs of every neighborhood we serve in a responsible way. That is the way it has been since our founding in 1869 by John Purdue. Everyone at the bank shares in this honor.”

For further information, contact David Huhnke, Vice President, Director of Marketing, Lafayette Savings Bank, at (765) 429-2807.

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