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Citibank (ANB)
Citibank, was established in 1812 in New York City. Citibank's lending goal within the Mid-Atlantic marketplace is to produce an outstanding level of lending in the areas of residential mortgages and small business credit. Citibank has also established a strong performance by originating consumer credit in low- and moderate-income areas, expanding commercial real estate and community development lending.
President
Washington Metro Region |
C. Mack
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| Total Assets |
$632.7 Million for the Mid Atlantic Region (as of December 31, 2001)
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| Total Deposits |
$2.5 Billion for the Mid Atlantic Region (as of June 13, 2001)
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| Branches |
Thirteen
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| ATMs |
Forty-two
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| CRA Rating |
Outstanding (as of July 12, 1999)
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| CRA Statement |
Management has developed a comprehensive, multifaceted CRA program with quantifiable goals, a good level of ascertainment effort, and a strong targeted marketing program. Based upon Citibank's size and resources in the Washington-Baltimore multi-state marketplace, the institution has demonstrated a reasonable level of lending during the review period. The institution provided a number of credit products designed to meet community credit needs, and continues to devise targeted loan programs to meet the needs of low- and moderate-income people. The institution has also demonstrated an acceptable level of lending within low- and moderate-income areas and to low- and moderate-income applicants.
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Primary Focus
of CRA Activity |
Community development activities have continued primarily through participation in a lending consortia. Additionally, Citibank has developed an intelligent program of corporate investments, grants and contributions which further its effectiveness in meeting the goals of CRA.
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