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 2004 CRA examination of The Northern Trust Company. Our analysis of Northern Trust’s mortgage lending shows room for improvement in certain of the bank’s product lines, however, Northern Trust’s home purchase lending to African-Americans and refinance lending to African-Americans and Hispanics appear fairly strong. The bank is also a strong investor in the Chicago CDFI industry.
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 2003 CRA examination of LaSalle Bank, N.A. Addresses the overall poor performance with regards to lending to minority households, the low level of multifamily loan origination to minority and low-income borrowers, the lack of small business start-up loan products, and the inequitable distribution of bank branches.
Comment letter on the proposed 2000 strategic plan filed by Netbank. Argues that the definition of assessment area needs to reflect the changing industry in order to keep in line with the intent and the language of the CRA statute.
Comment letter in response to Netbank’s 2002 proposed CRA Strategic Plan. The letter commends Netbank for significantly expanding its CRA assessment area to include the following states in their entirety: Arizona, California, Georgia, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Texas. This is an improvement over the more limited assessment area that the Bank put forth in its last CRA Strategic Plan.
