CRA Comment letters submitted during a bank's regular CRA examination. Woodstock Institute regularly comments on bank mergers throughout the Chicago region, and the nation. For information on a specific bank, please contact Woodstock Institute through the comment page.
Comment letter on Household Bank FSB’s 1999 CRA Strategic Plan. The letter suggests that future strategic plans include a detailed break out of community development lending vs. investments; and a commitment to at least $250,000 per year in below-market equity-equivalent investments in CDFIs.
Comment letter on the 1999 CRA examination of The Northern Trust Company strategic plan. Addresses the bank's low levels of lending, services, and investments in lower-income communities recommends that the Federal Reserve reject Northern Trust's 2000-2002 Strategic Plan.
Comment letter on the 2000 CRA exam of Chorus Bank. The letter evaluates the bank on lending, services, grants, and investments and suggests that the bank recievee a rating of Substantial Noncompliance or Needs to Improve.
Comment letter on Harris Trust and Savings Bank's 2000 CRA Exam. Although the bank received a Satisfactory rating for its CRA exam in 1998, this letter highlights some shortcomings in Harris Trust and Saving Bank's community development performance.
Comment letter on the CRA examination of M&I
Bank FSB’s proposed strategic plan. This letter states that banks
such as M&I Bank FSB that do a significant amount of business
nationwide over the Internet should consider even more expansive
assessment areas in order to remain accountable to all of the
communities that they serve.
