An Act relative to community reinvestment goals for banks

This bill requires banks in Massachusetts to include their community reinvestment goals and the most recent rating from the commissioner in their annual reports. The change directly affects financial institutions subject to reporting under chapter 167 of the General Laws by mandating that these specific details be part of their strategic plans. By updating the existing reporting requirements, the legislation ensures that information about how banks plan to invest in their communities is consistently included in official filings.