FDIC Federal Register Citations

THE VILLAGE BANK

March 19, 2004

Robert E. Feldman, Executive Secretary
ATTN. Comments
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429

RE. Proposed Revisions to the Community Reinvestment Act Regulations
12 CFR Part 345

Dear Mr. Feldman:

I am writing to oppose the federal bank regulatory agencies' proposal to enlarge the number of banks and saving associations that will be examined under the small institution Community Reinvestment Act (CRA) examination. The Agencies propose to increase the asset threshold from $250 million to $500 million and to eliminate any consideration of whether the small institution is owned by a holding company. Their proposal is clearly a major step towards a reduction in responsibility. We are a bank with assets near $100 million. We do see the difference in the emphasis we place on serving the needs of the community compared to the truly large banks, with assets in excess of $500 million. Our success is dependent on finding ways to serve the entire population in the areas in which we operate.

Sincerely,

Douglas G. Bringhurst
President
The Village Bank
St. George, UT