Morgan Stanley Private Bank, National Association Once Again Receives Outstanding Rating for Community Reinvestment Initiatives

Rating given by the Office of the Comptroller of the Currency

NEW YORK–(BUSINESS WIRE)–Morgan Stanley Private Bank, National Association, a national bank
subsidiary of Morgan Stanley, once again received the highest Community
Reinvestment Act (CRA) rating from the Office of the Comptroller of the
Currency (OCC) for its excellent record in meeting the needs of the
communities it serves. The OCC evaluation notes that Morgan Stanley
Private Bank, National Association exceeded its CRA strategic plan goals
for “Outstanding” community development lending, investments and

Both of the Firm’s national bank subsidiaries – Morgan Stanley Private
Bank, National Association and Morgan Stanley Bank, N.A. – have achieved
consistent “Outstanding” ratings based on the OCC’s review of community
reinvestment activities.

“Morgan Stanley is proud to have again achieved an Outstanding rating
from the Office of the Comptroller of the Currency in recognition of our
community development work,” said Mike Mantle, Head of Community
Development Finance.

The evaluation commends the Bank’s innovation, flexibility and
responsiveness to community needs.

“Morgan Stanley has a history of leveraging our capital markets
expertise to support affordable housing and economic development, which
contribute to thriving communities,” continued Mr. Mantle.

The OCC report highlights several initiatives that contributed to the
“Outstanding” rating including loans and investments that respond to the
need to reposition and renovate multifamily rental housing for long-term
affordability. One such initiative was a $23 million investment that
facilitated the acquisition and resiliency improvements for a distressed
130-unit apartment complex in a recently rezoned area at risk of rising
rent pressures.

“Morgan Stanley recognized that the decline in New York City’s
multifamily housing stock coupled with rising rent pressures posed a
serious risk to our city’s housing and the people who call it home. By
acting early-on to direct capital to projects throughout the city, they
were able to help sustain and preserve the long-term affordability of
our multifamily stock,” said Rafael E. Cestero, President and CEO of The
Community Preservation Corporation. “They’ve been a trusted partner and
leader to nonprofit lenders like CPC, as well as to our state and local
housing agencies.”

The report also noted the Bank’s provision of services that support
growth and build capacity in the nonprofit community development sector
and help nonprofits become more sustainable and achieve the greatest
impact in low and moderate income communities.

“We are enormously grateful for both the financial and human support we
receive from Morgan Stanley,” said Alison Overseth, Executive Director,
Partnership for After School Education. “The Bank worked with us to
create and fund a program that provides professional career development
services for our after school leaders. Without this program, our leaders
would not have access to this opportunity, which helps them better serve
the thousands of children in their care.”

Morgan Stanley is a leading global financial services firm providing
investment banking, securities, wealth management and investment
management services. With offices in more than 41 countries, the Firm’s
employees serve clients worldwide including corporations, governments,
institutions and individuals. For more information about Morgan Stanley,
please visit


Media Relations: Susan Siering, 212.761.6030

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