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FDIC Federal Register Citations

Home Federal


From: Travis Franklin [mailto:tfranklin@homefederalsavings.com]
Sent: Monday, September 13, 2004 11:39 AM
To: Comments
Subject: Community Reinvestment: RIN number 3064-AC50

Travis Franklin
Vice President, Director of Marketing
Home Federal
500 12th Avenue South
Nampa, ID 83651


September 13, 2004

Robert E. Feldman

Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429


Dear Robert Feldman:

As a community banker, I am pleased to comment in support of the proposal
issued by the FDIC that would amend the definition of a small institution
to be a bank that is under $1 billion in assets. I believe that this
change will provide much needed regulatory burden relief for me and other
community bankers. It seems that every week there is a new or additional
regulation with which we must comply. This is one example of regulatory
burden relief that will really make a difference. I would much rather use
the limited resources available to my bank to serve my community than to
collect and maintain data and documents to prove to examiners that I am
meeting the needs of my community.

Home Federal serves our Idaho communities through 15 branches in the
greater Treasure Valley. At just above $500 million in assets and
approximately 240 employees, we offer a typical variety of checking,
savings, and personal lending needs.

Compliance with the Community Reinvestment Act is something we take very
seriously at our bank. We don’t just believe it is the right thing to do;
we believe it is the right business thing to do. No community bank can
survive and compete without meeting the needs of its customers and
communities. We believe in our community and in our customers and want to
work with them to provide products and services that best meet their
credit needs. We do not need a complicated examination process to show
that we are complying with the law.

It is absurd to think that a bank thousands of times larger than my own
community bank should be examined using the same procedures. I strongly
urge you to amend the definition of a small bank for CRA purposes to be an
institution with less than $1 billion in assets, regardless of whether the
bank is part of a holding company. This is a good proposal and is the
right thing to do.

Thank you for considering my views.

Sincerely,

Travis Franklin
Vice President, Director of Marketing
Home Federal



 

Last Updated 09/13/2004 regs@fdic.gov

Last Updated: August 4, 2024