From: Ava Wargo
Sent: Thursday, August 26, 2004 12:53 PM
To: Comments
Cc: Dennis DiLazzero
Subject: Community Reinvestment -- RIN 3064-AC50
As a community bank with nearly $600 million in assets, Minotola
National Bank supports the FDIC's proposal to raise the small bank
threshold to $1 billion as reasonable in today's economic climate.
Although we prefer the streamlined exam standards remain as they
are, the proposed new community development criterion for banks with
assets between $250 million and $1 billion is more flexible than
the burdensome large bank requirements we must comply with today.
_______________________________
Ava Wargo
Senior Vice President & CFO
Minotola National Bank
614 Union Road
P.O. Box 1550
Vineland, NJ 08362-1550