CRA Comment letters submitted as part on the occasion of a merger or acquisition. 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 expressing concerns about the
proposed 1998 merger between NationsBank and Bank of America. The
letter cites the same concerns raised by the Community Reinvestment
Association of North Carolina and the California Reinvestment
Committee, including the activities of NationsBank subprime lending
subsidiaries and urges the Federal Reserve to extend its public comment
period substantially and to hold public hearings on the merger in
multiple locations, including North Carolina, California, and Chicago.
Comment letter opposing the proposed 2000
acquisition of the Associates by Citigroup. Under normal merger
application procedures, the letter states that this acquisition should
be denied or at least conditioned on Community
Reinvestment Act (CRA) and fair lending grounds.
