Community Reinvestment

Treasury Should Reject State Farm Application to Form De Novo Bank: Testimony to U.S. Treasury

ots_june1998_malcolmbush_statefarm.pdf

Woodstock President Malcolm Bush argues that the
State Farm application will establish a critical precedent for the
terms under which insurance companies enter the banking business and in
this case seriously violates the letter and intent of the CRAand its
regulations.
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