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 First
National Bank of Brookings, South Dakota. This letter states that
Brookings should receive a lending test rating of no higher than ‘Needs
to Improve’ due to its partnership with Cash America to offer payday
loans in Illinois and other states.
Comment letter requesting that the Federal Deposit Insurance Corporation consider the payday lending operations in its current safety and soundness examinations of Republic Bank & Trust.
This is a comment letter opposing the application submitted by Dearborn Federal Credit Union to the Office of Thrift Supervision to convert to a mutual savings bank, which is proposed to be known as DFCU Financial, FSB. It notes that the Community Reinvestment Act plan of DFCU Financial does not adequately meet the community reinvestment needs of the proposed bank’s assessment area.
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 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.
