FDIC Federal Register Citations

From: Linda Morris [mailto:lmorris@banklanc.com]
Sent: Thursday, September 16, 2004 2:36 PM
To: Comments
Cc: Paul Smith
Subject: RIN No. 3064-AC50

Bank of Lancaster is located in a community covering four counties in eastern Virginia with less than 50,000 population.

It is extremely difficult for the bank to meet the criteria required under CRA. Therefore, I would support the FDIC 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 bank.

Community banks would still be required to help meet the credit needs of their entire communities and would continue to be evaluated by their regulators.

Linda L. Morris
Vice President
Retail Banking Administrator &
Security Officer