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FDIC Federal Register Citations
From: Don D. Patterson [mailto:dpatterson@alliance-holdings.com]
Sent: Tuesday, October 19, 2004 8:50 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear Friends at the Federal Deposit Insurance Corporation (FDIC),
Please know that advocates within the Community Development industry
and myself, strongly oppose the proposal to allow banks with assets
above $250 million to be examined as small banks under the Community
Reinvestment Act. This policy would reduce lending, investments and
services in low-income communities.
It remains a struggle to educate banks on the benefits of doing business
in the underserved communities. Without the incentive of the CRA these
groups will no long make doing business in these communities apart
of their plans for growth.
Please continue to challenge the banking institution to conduct business
with families in our low-income neighborhoods.
Regards,
Don D. Patterson - Principal
Alliance Development Company
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