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.
Woodstock Institute comment letter requesting a public hearing and extension of the public comment period for Bank of America Corporation’s application to acquire ABN AMRO North America Holding Company (including the LaSalle Banks)
Comment letter on the proposed 2004 acquisition of Charter One Bank by Citizens Financial Group, a subsidiary of Royal Bank of Scotland. Woodstock Institute recognizes Charter One's improvement under the five year CRA agreement with the Chicago CRA Coalition and encourages the new bank to reduce its dependence on purchased loans for CRA purposes.
Woodstock Institute requests an extended public comment period and exhaustive review of the combine banks deposits on the grounds that the proposed merger would violate the 10 percent limit on domestic deposits under the Reigle-Neil Act. Woodstock also requests a thorough review of the deceptive effect of credit card rate structures, fees, terms, and conditions offered by both financial institutions.
Woodstock Institute testimony requesting the Federal Reserve Board to require a public action plan to address problem loans before approving the acquisition of Countrywide Financial by Bank of America.