TESTIMONY
PROPOSED MERGER
BANK ONE AND FIRST CHICAGO NBD CORP
FEDERAL RESERVE BANK OF CHICAGO
CHICAGO, ILLINOIS
THURSDAY, AUGUST 13, 1998
1:30 P.M.

TESTIMONY
PROPOSED MERGER
BANK ONE AND FIRST CHICAGO NBD CORP
FEDERAL RESERVE BANK OF CHICAGO
CHICAGO, ILLINOIS
THURSDAY, AUGUST 13, 1998
1:30 P.M.

Banking, Housing, Partnership Illinois

Includes directories of Community Collaboration for Economic Development and Mentors and history of partnership with University of Illinois.

TIn 1991 as the Assistant Executive Director of the Housing Authority
of Champaign County, I was appointed to serve on the Bank One
Community Reinvestment Advisory Committee to assist the bank in
developing strategies and policies to serve the needs of low and
moderate income neighborhoods. I served in that capacity until 1995.
During those four years, I saw Bank One work diligently and
proactively to meet the banking needs of the low to moderate income
neighborhoods as well as those of other income groups. As a result,
and because of another collaborative effort between banks such as
Bank One, city government, and grass root and community
organizations such as the Illinois Center for Citizens' Involvement,
Champaign County has an outstanding program to help the low and
moderate-income households become homeowners.
Consequently, when we started this small business venture in the
spring of 1997, Bank One was one of the frrst frnancial institutions we
called to the table to partner with us. They had already showed great
leadership in community collaboration in the homeownership area and
we knew they would jump at the chance to do the same in the small
business development area.
We the memberships of the Community Collaboration For Economic
Development of Champaign County (CCED) wholeheartedly endorse
the proposed merger between Bank One and the First Chicago NBD
Corporation. We believe that this merger will be good not only for
both of these fmancial institutions, but for the total communities they
serve as well. Thank you.

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