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 on the proposed 2003 acquisition of St. Francis Bank, FSB, by MAF Bancorp, holding company of MidAmerica Bank in Chicago. In light of MAF Bancorp’s recent settlement with the Department of Justice regarding MidAmerica’s fair lending record, the Institute has several concerns about the proposed merger.
Comment letter opposing the proposed 2002
acquisition of the Bank of Kenney by Cincinnati BancGroup, Inc.
The letter also requests a public hearing to discuss the negative
repercussions of allowing a payday lender to become a bank holding
company in a clear attempt to avoid state laws regulating payday loans.
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.
