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 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.
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 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 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 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.
