This email is official notification that Eastwood Bank, a state bank
chartered in Kasson, MN, is in full support of changing the CRA
reporting thresholds for the large bank CRA test to $500 million from
$250 million.
Eastwood Bank is a small community bank located in the southeast
Minnesota town of Rochester, MN and surrounding communities with total
assets approximating $240 million. We are not a regional, national, or
multinational large bank, and we don't think we should be regulated like
one. We believe the small bank CRA standards are still adequate for a
bank our size, and up-to $500 million in assets.
Thank you for reading this comment.
C. Thomas Aleshire, CPA
Chief Operating Officer
Eastwood Bank
Kasson, MN