NY A03235

Amends Banking Law Section 28-b to require the Superintendent of Financial Services to assess banking institutions' performance in meeting credit needs of their communities, including low and moderate-income neighborhoods and minority- and women-owned businesses.

Expands assessment factors to include banking institutions' participation in technical assistance programs for small businesses and minority- and women-owned businesses, and their origination of loans to minority- and women-owned businesses.

Requires the Superintendent to make written assessments and communications regarding a banking institution's community credit performance available to the public upon request.

Maintains existing provisions allowing the Superintendent to deny applications or notices based on assessment of a banking institution's community reinvestment record.

Takes effect 120 days after enactment, with authority to implement necessary rules and regulations immediately.