“It requires banks that have the benefit of FDIC insurance for deposits, to affirmatively serve the credit needs of people in their area, including specifically the needs of low and moderate income people,” said Dory Rand, President of Woodstock Institute.
The bank currently operates 1,627 bank branches across the southeast. The downgrading will not delay the opening of previously approved bank locations.
Federal Proposal Puts Billions in Community Development Investments at Risk
For Immediate Release: July 31, 2026 Contact: Robert Mayo | hello@woodstockinst.org CHICAGO – Today, two federal agencies released a proposed rule that would dramatically reduce community…
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