An ABA Banking Journal roundtable: reality check

Jo Etta Wickliffe, president and CEO at State Bank & Trust Co., (Harrodsburg, KY) believes that the Community Reinvestment Act (CRA) ratings will force the bank's board of directors to get "more involved" in developing CRA policy and will also force them to document any of their i...

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Bibliographic Details
Published in:	ABA banking journal 1990-10, Vol.82 (10), p.74
Format:	Magazinearticle
Language:	eng
Subjects:	Community banks Community Reinvestment Act 1977-US Compliance Corporate Credit Services Culberson, James, Jr Dawson, J. Edward Enloe, William C Hanson, James L Monce, Alan R Savings & loan associations Wickliffe, Jo Etta Y
Online Access:	Get full text
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Summary:	Jo Etta Wickliffe, president and CEO at State Bank & Trust Co., (Harrodsburg, KY) believes that the Community Reinvestment Act (CRA) ratings will force the bank's board of directors to get "more involved" in developing CRA policy and will also force them to document any of their involvement. Alan R. Monce, president at Cottage Grove Bank, (OR) says that the thrift crisis has not influenced the real estate prices in the Oregon market because the state's savings and loans that went under had mostly out of state real estate investments which went sour. James Culberson, Jr. president at First National Bank of Randolph County, (Asheboro, NC) sees many of the larger banks making three-year financing for mall properties, something banks did not used to do without "a long-term take-out."
ISSN:	0194-5947 2161-5101