FDIC Federal Register Citations

 
From: JThom10460@aol.com [mailto:JThom10460@aol.com]
Sent: Tuesday, March 16, 2004 11:04 AM
To: regs.comments@occ.treas.gov; regs.comments@federalreserve.gov; Comments;
comments@ots.treas.gov
Cc: sssjwcusb@mchsi.com
Subject: Streamlined CRA examination

Dear Sir or Madam:

As chairman of a two hundred million bank holding company we are appreciating the relaxation of CRA requirements. Not that there was any question about our serving all the people in the five hundred to four thousand populated communities in which we are located.

With the on set of Internet and telephone banking even in communities where we are the only bank those residents have an alternative. But more important we are trying to keep those communities alive and therefore bend over backwards to accommodate and promote.

The synergies in banking will require us to continually expand to be able to compete technologically in the financial field. Will we ever approach two hundred and fifty-million?

We will have to if we are going to be able to effectively serve enough customers to offset the cost ot personel,training, new equipment and capital requirements.

In conclusion, thank you for lessing the regulatory burden at our level and as we must grow please extend that level to five hundred million.

Yours truly,

J. H. Thomson
Chairman