Common use of Community Reinvestment Act Assessment Area Clause in Contracts

Community Reinvestment Act Assessment Area. 6. Within thirty (30) days of the effective date of this Agreement, KleinBank shall revise its main CRA assessment area within the Minneapolis-St. Xxxx-Bloomington, MN-WI metropolitan statistical area (“MSA”) to include all of Hennepin County, subject to any required regulatory approvals. KleinBank shall maintain that assessment area throughout the term of this Agreement unless its primary federal banking regulator requires changes to the assessment area.2 Nothing in this Agreement precludes KleinBank from further expanding its CRA assessment area in a manner consistent with the provisions of the CRA and its implementing regulations.