Keuka
Housing Council, Inc.
From: Bernyce A Dailey (NBG) [mailto:BDailey@nbgeneva.com]
Sent: Friday, September 17, 2004 10:20 AM
To: Comments
Subject: FW: CRA
I OPPOSE.
Bernyce A Dailey
Mortgage Originator
National Bank of Geneva
Penn Yan Office
----- Original Message -----
From: Kathy Disbrow
To: comments@fdic.gov
Sent: Friday, September 17, 2004 10:18 AM
Subject: CRA
RE: RIN 3064-AC50:
Keuka Housing Council is a small not for profit housing agency servicing
the rural area of Yates County New York. All of the banks in our
area are small local banks, such as the National Bank of Geneva,
Lyons Bank and Bath Bank.
Our 1st Time Homebuyers receive mortgages through these banks at
reduced rates due to the CRA credits and KHC's bank accounts are
with National Bank of Geneva. KHC's accounts must be in FDIC insured
accounts.
If CRA is "gutted" Keuka
Housing Council's clients will need to travel more than an hour
to obtain face to face meetings
with CRA banks. Our own accounts would no longer be local and we
would not have the same intimate working relations and understanding
that we now have.
I strongly oppose the proposed rule changing the Community Reinvestment
Act regulations. This really undermines our rural community. Please
so NOT adopt this rule.
Respectfully Submitted,
Kathryn W. Disbrow
Executive Director
Keuka Housing Council, Inc.
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