September 20, 2004
FDIC
550 17th Street N.W.
Washington, DC 20429
RE: FDIC CRA Proposal
Dear Sirs:
We strongly support the FDIC’s proposal to raise the threshold for the
streamlined small bank CRA examination to $1 billion without regard to the
size of the bank’s holding company. This would greatly relieve the
regulatory burden imposed on small banks under the current regulation, which
are required to meet the standards imposed on the nation’s largest $1
trillion banks. Community banks would still be required to help meet the
credit needs of their entire communities and would continue to be so
evaluated by their regulator.
Sincerely,
Robert E. Marziano
Chairman and CEO
Bank of the Carolinas, Mocksville, NC
