Recycling Black Dollars-CRA (Involvement)

Ms. Bridgette Sanders, CRA Mgr December 5, 2005
Chase Bank
400 N. Trenton St
Ruston, LA 71270

Ms. Sanders,
This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branch’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branch’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.
As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bank’s CRA commitments.
In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the Ruston’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of Premier’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston Branch’s in order that we may discuss a satisfaction or how to improve the bank’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website www.uaadcorp.com to better understand our purpose and goals.

Walter L. Ellis
CEO UAAD