New York, June 8, 2022 – Mizuho Americas today announced Mizuho Bank (USA) received two ratings of “Outstanding” in its most recent Community Reinvestment Act (CRA) performance evaluations covering 2H2018-CY2020. The ratings, from the Federal Reserve Bank of New York and the New York Department of Financial Services, reflect the innovation, responsiveness, and flexibility displayed by Mizuho Bank (USA) in addressing assessment area credit needs through a high level of community development loans, investments, and services. Mizuho Bank (USA) has maintained an Outstanding rating with both agencies since its inception in 2003.
“We are proud to receive an Outstanding rating from our regulators as an acknowledgement of both our commitment to our local communities, and the efforts of Mizuho staff in partnership with many community organizations,” said Shuji Matsuura, Chairman, Mizuho Bank (USA) and Chairman & CEO, Mizuho Americas. “We strive to find initiatives that use capital effectively to address the needs of our community, but it is the extraordinary dedication of our partner organizations that transform capital into equity and opportunity.”
The CRA, enacted in 1977, requires banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.
About Mizuho Bank (USA)
Established on December 1, 2002, Mizuho Bank (USA) (the “Bank”) is a subsidiary of Mizuho Americas LLC, and is an FDIC-insured, New York State chartered bank and a member of the Federal Reserve System, with total assets of $6.7 billion as of December 31, 2021. The Bank is a wholesale commercial banking institution based in New York City that engages in traditional lending and corporate finance activities and other financial services with a broad range of corporate clients located in the Americas.
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including investment and corporate banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin America, Mizuho Americas supports corporate clients, institutional investors and public sector organizations by connecting local markets to a vast global network. To learn more about Mizuho Americas' business, values, and ethical commitments, and the entities it comprises, visit www.mizuhogroup.com/americas.
Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has approximately 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA and Asia. As of December 31, 2021, its total assets were approximately $2 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com.
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Executive Director, Media Relations, Mizuho Americas
Vice President, Media Relations, Mizuho Americas