From: Susan Stott [mailto:sstott@andover.edu]
Sent: Thursday, October 14, 2004 5:00 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I oppose the FDIC's 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. As president of Andover Community Trust, Inc. I know that our
local bank (then Andover Bank, now BankNorth) would not have provided the
mortgage to our first low income owner to purchase our first permanently
affordable home, without the incentive of the CRA.
Susan Garth Stott
President
Andover Community Trust, Inc.
6 Locke St.
Andover, MA 01810
978-475-3748
