From: Mike Murphy [mailto:MMurphy@bankfab.com]
Sent: Thursday, September 16, 2004 12:49 PM
To: Comments
Subject: CRA Comments
September 16, 2004
Ladies and Gentlemen:
I would strongly encourage you to raise the threshold for CRA
requirements. While our bank has always had a strong CRA rating, we feel
it will be difficult to maintain the records required under the current
standards.
Our standards will remain high. We are in communities throughout
Oklahoma which have a great deal of banking and other financial
institution competition. We must support the community with investments
and lending initiatives or the community will not support us. For the
consumer groups that are opposed to this change because they feel banks
will abandon community development efforts, I would say that they need
to find the banks that are supportive of their communities and support
those banks.
We will would greatly appreciate your consideration in this matter to
ease the regulatory burden on community banks.
Sincerely
Executive Vice President
First American Bank
Norman, Oklahoma
