Wholesale and Limited Purpose Banks under the Community Reinvestment Act (CRA)

As of January 1, 2024

Under the Community Reinvestment Act, a bank may apply to its primary federal regulator to be designated a wholesale or a limited purpose bank. Such banks are evaluated for performance under standards found at 12 CFR 25.25. The regulation offers the following definitions:

Limited purpose bank means a bank that offers only a narrow product line (such as credit card or motor vehicle loans) to a regional or broader market and for which a designation as a limited purpose bank is in effect.

Wholesale bank means a bank that is not in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers, and for which a designation as a wholesale bank is in effect.

Limited Purpose Banks

Bank Name	City	State	Charter Number	Decision Date
American Express National Bank	Sandy	UT	25151	10/25/2017
Cedar Hill National Bank	Charlotte	NC	23323	09/11/1997
Credit First National Association	Brook Park	OH	22594	01/31/1996
Credit One Bank, National Association (f/k/a First National Bank of Marin)	Las Vegas	NV	20291	06/28/1996
DSRM National Bank	Albuquerque	NM	23097	06/28/1996
HSBC Trust Company (Delaware), National Association	Wilmington	DE	24601	09/29/2006
RBC Bank (Georgia), National Association (f/k/a First Gulf Bank, National Association)	Atlanta	GA	23416	08/28/2008
Synchrony	Draper	UT	715044	05/01/2009
TCM Bank, National Association	Tampa	FL	23363	09/11/1997

* Also operates under a CRA Strategic Plan.

Wholesale Banks

Bank Name	City	State	Charter Number	Decision Date
Bank of China	New York	NY	80028	10/18/1996
Bank of China	New York	NY	80091	10/18/1996
Bank of East Asia	New York	NY	80097	01/08/2014
BNY Mellon, National Association (f/k/a Mellon Bank, National Association)	Pittsburgh	PA	6301	07/19/2002
California First National Bank	Irvine	CA	23925	04/13/2000
Metropolitan Bank and Trust Company	New York	NY	80066	09/01/2021
Modern Bank, N.A.	New York	NY	16629	11/30/2011
Morgan Stanley Bank, N.A.*	Salt Lake City	UT	24908	03/10/2009
Pacific National Bank	Miami	FL	20010	04/20/2011
Safra National Bank of New York	New York	NY	20948	05/21/1997

* Also operates under a CRA Strategic Plan.