Wednesday, October 12, 2005
Letter from Bank One dated 9/98
Mr. Ellis,
This letter is being written, so as to provide a definitive position by Bank One with you and your organization. The conclusions reached are based in part on the following: Your organization, at this time does not have an active membership; you reside in California and Banc One has no charter in that state. We are prepared to continue discussions with you about how your organization and Banc One can work together in communities where we have a banking presence; but we do not feel that your organization, at this time would warrant any funding. We agree with your contention that Premier Bank and you had discussions about a proposed agreement with your group in 1995 and that there were continued discussions after Banc One acquired Premier Bank in early 1996. However, no agreement was ever finalized nor executed. During the last two plus years since those discussions, you have moved back to California, not obtained any legal status for the UAAD group, not developed the organization, nor have any substantiated clients. We further acknowledge that during the discussions about a proposed agreement, that Premier was reviewing whether it would be appropriate to pay you a commission for transactions referred to Premier when a closed loan resulted; however, this was a part of the proposed agreement discussed above that was never executed. We further contend that there have never been any closed loans from any referral originating from you. Our public file is available for your review at anytime.
Jerry Killingsworth
Letter from First USA Partners 8/99
I would like to thank you for providing First USA Bank with the opportunity to bid on the affinity credit card business for UEDC. We are currently looking at groups with a membership or 20,000. Unfortunately your current membership of 2,500 does not meet the bank's present size requirements; therefore I must respectfully decline at this time. I wish you success with your organization and will be happy to reevaluate the opportunity as your membership grows.
Suzanne M. Devoe, Vice President Research
Mr. Ellis,
This letter is being written, so as to provide a definitive position by Bank One with you and your organization. The conclusions reached are based in part on the following: Your organization, at this time does not have an active membership; you reside in California and Banc One has no charter in that state. We are prepared to continue discussions with you about how your organization and Banc One can work together in communities where we have a banking presence; but we do not feel that your organization, at this time would warrant any funding. We agree with your contention that Premier Bank and you had discussions about a proposed agreement with your group in 1995 and that there were continued discussions after Banc One acquired Premier Bank in early 1996. However, no agreement was ever finalized nor executed. During the last two plus years since those discussions, you have moved back to California, not obtained any legal status for the UAAD group, not developed the organization, nor have any substantiated clients. We further acknowledge that during the discussions about a proposed agreement, that Premier was reviewing whether it would be appropriate to pay you a commission for transactions referred to Premier when a closed loan resulted; however, this was a part of the proposed agreement discussed above that was never executed. We further contend that there have never been any closed loans from any referral originating from you. Our public file is available for your review at anytime.
Jerry Killingsworth
Letter from First USA Partners 8/99
I would like to thank you for providing First USA Bank with the opportunity to bid on the affinity credit card business for UEDC. We are currently looking at groups with a membership or 20,000. Unfortunately your current membership of 2,500 does not meet the bank's present size requirements; therefore I must respectfully decline at this time. I wish you success with your organization and will be happy to reevaluate the opportunity as your membership grows.
Suzanne M. Devoe, Vice President Research
# posted by walter @ 11:24 AM 
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The NAACP Legal Department
4805 Mt. Hope Drive
Baltimore, MD 21215
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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4805 Mt. Hope Drive
Baltimore, MD 21215
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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