Wednesday, October 12, 2005
Comptroller of the Currency
Administrator of National Banks
February 18,1999
Walter L. Ellis
203 East 7th Street
Perris CA 92510
Re: Case # 029760
BANK ONE, ARIZONA. NATIONAL ASSOCIATION
Dear Mr. Ellis:
This is in response to your complaint against Bank One regarding your contract negotiations with the bank.
You stated that Bank One was obligated to you on a contract that was in negotiation and that the bank had an obligation to establish a contract with you based on those negotiations.
Bank One’s position is that it did have contract negotiations with you, as a continuation of your negotiations with Premier Bank, which Bank One acquired. Bank One states that no contract was ever signed and no loans were ever closed as a result of any referral by you. In short, the bank denies any contract or obligation to you.
Your dispute involves questions of a contractual nature with Bank One. In addition, a dispute exists as to whether any contract or obligation bas been established at all. We can neither intercede in a private party situation regarding the interpretation or enforcement of a contract, nor can we resolve the factual dispute about the existence of a contract. The Office of the Comptroller of the Currency does not have the judicial power to interpret or enforce private contractual agreements or resolve factual disputes.
While banks are required to comply with the Community Reinvestment Act, that Act does not require specific actions or contracts with any particular firms or individuals. In this case, Bank One has stated that it is not satisfied with your company's credentials or foundation in the
communities the bank serves.
We regret we cannot assist you further. If you do not agree with or understand the bank’s response, we can only suggest you consult with an attorney on what legal remedies you may have.
Sincerely,
Rich Hendry
Customer Assistance Team Leader
Administrator of National Banks
February 18,1999
Walter L. Ellis
203 East 7th Street
Perris CA 92510
Re: Case # 029760
BANK ONE, ARIZONA. NATIONAL ASSOCIATION
Dear Mr. Ellis:
This is in response to your complaint against Bank One regarding your contract negotiations with the bank.
You stated that Bank One was obligated to you on a contract that was in negotiation and that the bank had an obligation to establish a contract with you based on those negotiations.
Bank One’s position is that it did have contract negotiations with you, as a continuation of your negotiations with Premier Bank, which Bank One acquired. Bank One states that no contract was ever signed and no loans were ever closed as a result of any referral by you. In short, the bank denies any contract or obligation to you.
Your dispute involves questions of a contractual nature with Bank One. In addition, a dispute exists as to whether any contract or obligation bas been established at all. We can neither intercede in a private party situation regarding the interpretation or enforcement of a contract, nor can we resolve the factual dispute about the existence of a contract. The Office of the Comptroller of the Currency does not have the judicial power to interpret or enforce private contractual agreements or resolve factual disputes.
While banks are required to comply with the Community Reinvestment Act, that Act does not require specific actions or contracts with any particular firms or individuals. In this case, Bank One has stated that it is not satisfied with your company's credentials or foundation in the
communities the bank serves.
We regret we cannot assist you further. If you do not agree with or understand the bank’s response, we can only suggest you consult with an attorney on what legal remedies you may have.
Sincerely,
Rich Hendry
Customer Assistance Team Leader
# posted by walter @ 2:04 PM 
Comments:
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To Whom It May Concern:
My name is Walter L. Ellis, CEO/Founder of United Affirmative Action Development Corp (UAAD) and United Equity Development Corporation (UEDC).
UAAD a 501c3 non profit was organized to negotiate agreements under the Community Re-Investment Act of 1977 (CRA). UAAD and UEDC (for profit) have been in negotiations with First Premier Bank of Louisiana, who merged with JP Morgan Chase Bank. See website www.unitedaffirmativeactiondevelopment.com and our blog archives.
Enclosed are documents of present and past negotiations with JP Morgan Chase/Bank One starting in 1995 with Premier Bank. Our aim is to file a class action suit on behalf of our members who should include a large portion of NAACP members. As a former police officer I believe Chase Bank is guilty of numerous violations of the CRA Act and other violations.
We intend to put a temporary hold on negotiating with Chase Bank awaiting your reply to our request for legal assistance in this matter.
We are applying for a community partnership arrangement with Chase Bank under our 501c3 (UAAD) in order to assist the hurricane victims and build affordable housing. This program is designed to assist in down payments for these and other victims.
We would like a reply and hope to get assistance.
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My name is Walter L. Ellis, CEO/Founder of United Affirmative Action Development Corp (UAAD) and United Equity Development Corporation (UEDC).
UAAD a 501c3 non profit was organized to negotiate agreements under the Community Re-Investment Act of 1977 (CRA). UAAD and UEDC (for profit) have been in negotiations with First Premier Bank of Louisiana, who merged with JP Morgan Chase Bank. See website www.unitedaffirmativeactiondevelopment.com and our blog archives.
Enclosed are documents of present and past negotiations with JP Morgan Chase/Bank One starting in 1995 with Premier Bank. Our aim is to file a class action suit on behalf of our members who should include a large portion of NAACP members. As a former police officer I believe Chase Bank is guilty of numerous violations of the CRA Act and other violations.
We intend to put a temporary hold on negotiating with Chase Bank awaiting your reply to our request for legal assistance in this matter.
We are applying for a community partnership arrangement with Chase Bank under our 501c3 (UAAD) in order to assist the hurricane victims and build affordable housing. This program is designed to assist in down payments for these and other victims.
We would like a reply and hope to get assistance.
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