Asset-size thresholds which are used to define "small bank" and "intermediate small bank" under the Community Reinvestment Act (CRA) regulations have been updated for 2022 by the Federal Reserve Board and the Federal Deposit Insurance Corporation. It was concisely explained that financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification and it would be effective on January 1, 2022.
Find out more in this link to the article.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20211216a.htm