CRC Executive Director Testifies in Support of Financial Institution Evaluation Bill

April 22, 2022 by

SB 1176 establishes a requirement that would enable the DFPI to evaluate the mortgage lending of financial institutions, creating greater equity in the financial industry. California Reinvestment Coalition Executive Director Paulina Gonzalez-Brito testified before the California Senate Budget and Fiscal Review Committee on Wednesday in support of SB 1176,…

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Timeline: U.S. Bank-Union Bank Merger Events

April 06, 2022 by

In November of 2021, the California Reinvestment Coalition officially opposed the proposed merger of U.S. Bank and Union Bank, which had been announced two months earlier. There has been a whirl of activity from CRC since. Take a look at the timeline below to recap more than six months…

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The Bank Rundown – February 2022

February 11, 2022 by

After a busy bank merger season in 2021, the pace continues in 2022. In addition to engaging on megabank mergers, we hope to restart meetings with banks that are not going through mergers. Check out what’s happening below and reach out to find out how to get involved.  U.S….

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CRC Files Letter Opposing U.S. Bank-Union Bank Merger

November 18, 2021 by

Download the full letter → Read the press release →   Jerome Powell, Chairman Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue N.W. Washington, D.C. 20551     Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th St SW, Washington, DC…

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CRC Promotora Program Meets Families Where They Are

November 05, 2021 by

Now a year old, CRC’s Economic Equity Promotora Program sets its sights on improving access to the banking system for marginalized communities   For some Californians living in rural, low income or communities of color, just the act of opening a bank account might seem like a task fraught…

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CRC, The Greenlining Institute File Joint Letter Opposing Tri Counties Bank’s Application to Acquire Valley Republic Bank

November 05, 2021 by

Sebastian Astrada, Director, Applications Federal Reserve Bank of San Francisco 101 Market Street, San Francisco, CA 94105-1579    Re: Supplemental comments from California community groups concerning the applications by TriCo  Bancshares and Tri Counties Bank to acquire Valley Republic Bancorp and Valley Republic Bank    Dear Applications Manager Astrada…

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