Business Services Industry
Bank of America, FleetBoston Questioned on Commitment to Community Loans.
Knight Ridder/Tribune Business News, January, 2004
By Kenneth R. Gosselin, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jan. 15--Community activists and politicians packed a hearing in Boston Wednesday, raising concerns about how committed the merged FleetBoston-Bank of America would be to community reinvestment.
But Hartford merchant Ramon Flores traveled 100 miles to bring the Federal Reserve another message: Fleet is a big reason his grocery store on Park Street is in business today.
He got his first loan at Fleet. He learned about computers through a program that Fleet and a community group sponsored. And when he needed a line of credit recently, he got it. "Without them, I wouldn't be here," Flores said after testifying.
He also isn't worried that...
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