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Comment Letters on Bank Mergers 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. DocumentsDate addedComment letter on the proposed 2004 acquisition of Bank One by J.P. Morgan Chase. 
Comment letter on the proposed 2004 acquisition of Charter One Bank by Citizens Financial Group
06/17/2004
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 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)
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.
This comment letter was submitted to formally request a public meeting so that community groups and customers unable to submit a written comment will have the chance to raise their objections to Republic’s business practices and to the requested change in charter. This wider participation will help to rectify the inadequacy of written comments to express the widespread concern about the negative impact of Republic’s refund anticipation lending on lower income people.
Comment letter stating requesting that the Federal Reserve expand the CRA responsibilities of Morgan Stanley Bank beyond its historic Salt Lake County Utah CRA Assessment Area since it converted to a bank holding company. Since Morgan Stanley does not meet any of the exemptions of Section 2c2 of the Bank Holding Company Act, the comment letter requests that the bank’s assessment areas include the locations of all 500 Morgan Stanley Branches that provide full deposit services. We ask the Federal Reserve to require Morgan Stanley to provide a full CRA plan that details how it will provide deposit services, mortgage loans, small business loans, and community development investments, loans and services for low and moderate income households in the assessment areas of its 500 branches. Woodstock Institute comments submitted to the OCC opposing the application and requesting an extensions of the comment period by 60-days. The letter also requests that the OCC hold five public hearings to permit the public adequate opportunity to discuss serious concerns about this transaction. |
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