Community intiatives

Cole Taylor Bank and Community Reinvestment

In 2010, Cole Taylor Bank earned its seventh consecutive “outstanding” rating from the Federal Reserve Bank of Chicago for its Community Reinvestment Act (CRA) performance. Outstanding CRA ratings were received in 2007, 2004, 2002, 2000, 1998 and 1996. The Bank is evaluated in three areas – lending, services, and investments – and received outstanding marks in all three.


Cole Taylor Bank participates in a variety of loan programs for small businesses. Contact your banker to discuss your business needs and determine if a Small Business Administration (SBA) or other government sponsored loan program can help your company.

The Community Reinvestment Act (CRA)

Passed by Congress in1977, the CRA requires each bank to meet the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the institution. Banks are regularly examined for CRA performance.

An “outstanding rating” means that the bank:

  • has an excellent distribution of loans among geographic areas, income groups, and to businesses of different sizes.
  • extensively uses innovative and/or flexible lending practices in serving low- and moderate-income areas, borrowers, and small businesses.
  • is a leader in providing community development loans, banking services and investments that are innovative and/or complex and responsive to community needs.