From: Philip Marrie [mailto:PJMAR@wnb.com]
Sent: Wednesday, October 13, 2004 9:09 AM
To: Comments
Cc: info@ruralamerica.org
Subject:
Gentlemen Re RIN 3064-AC50:
I strongly support the proposed rule changing the Community Reinvestment Act
regulations. In my opinion, the current regulation has not had any
significant effect on rural communities. The current CRA regulation create
unnecessary burden on our financial institutions and is counter productive.
I live in a small rural community and have been a volunteer for a non-profit
housing development corporation for the past ten years. I have learned that
financial institutions and private developers get more incentive for rural
development by programs such as tax credit programs the burdensome CRA
legislation. Please adopt this rule.
Respectfully,
Philip J. Marrie
329 Pine Street
Williamsport PA 17701
Philip J. Marrie
Vice President, Credit Manager
Commercial Lending, WNB Bank
(570)320-2657 (voice) (570)322-1085 (fax)
PA-WNB-07 (internal mail code)
