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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

CASHMERE VALLEY BANK

From: Cashmere Valley Bank, Ken Martin [mailto:kmartin@cashmerevalleybank.com]
Sent: Friday, September 03, 2004 3:13 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

September 3, 2004
Gentlemen,

Cashmere Valley Bank is a $625 million eight branch bank located in Chelan, Douglas and Kittitas Counties in Central Washington State. The total population of the 3 counties is approximatly 140,000.

We are a big bank under the current CRA rules.

We achieved big bank status by meeting the banking needs of a significant portion of the citizens located in the counties we serve. We are active in every type of lending and deposit product that our customers need to be successful.

It would be difficult to find an activity in our market that the bank is not an active participant.

Therefore I support raising the definition of big bank for CRA purposes to $1 billion. Not because it will change what we do, but because it lessen the resouces dedicated to reporting what we do.

Sincerely,

Ken Martin
President and CEO
Cashmere Valley Bank

Last Updated 09/08/2004 regs@fdic.gov

Last Updated: August 4, 2024