ABAG to Convene Regional Hearing on BofA Merger; Supervisors Mary King and Michael Yaki Make the Request.OAKLAND, Calif.--(BUSINESS WIRE)--May 28, 1998--The Association of Bay Area Governments The Association of Bay Area Governments (ABAG) is a regional planning agency incorporating various local governments in the San Francisco Bay Area in California. It deals with land use, housing, environmental quality, and economic development. will convene a regional hearing to receive testimony on the impact of the merger between BankAmerica and NationsBank. The hearing will be Thursday, June 11, at 3 p.m. at the Alameda County Board of Supervisors The examples and perspective in this article or section may represent an unduly geographically limited view of the subject. Please [ improve this article] or discuss the issue on the talk page. The Board of Supervisors is the body governing counties in the U.S. Chambers, 1221 Oak Street, room 512, in Oakland. "Our purpose in calling for a hearing on the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. merger is to ensure that everyone in this region has a real opportunity to be heard," said ABAG ABAG Association of Bay Area Governments ABAG Associação Brasileira de Aviação Geral (Brazilian Association of General Aviation; São Paulo, Brazil) ABAG Antigua & Barbuda Association of Georgia President and Alameda County Supervisor Mary King Mary King is the name of a number of individuals.
"One of my personal concerns is to ensure that the BofA commitment of lending to women- and minority-owned businesses is strictly adhered to by the merged bank," King said. "The point should be very clear -- the lending record of NationsBank in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. will simply not pass muster in the Bay Area." Individuals or representatives from the nine-county Bay Area who would like to testify are asked to register in advance by calling Michelle Fadelli, Manager of Communications and Governmental Affairs, at 510/464-7922. As time permits, non-registered speakers will be allowed to make comments. The meeting is open to the public; however, seating is limited. In order to be submitted to the Federal Reserve, all testimony should be accompanied by a written copy. Speakers are expected to include representatives of business, government, labor, community-based organizations, and advocates for minority populations. Testimony will be submitted to the Federal Reserve, and will likely be accompanied by a "top ten list" of regional concerns, based on the testimony submitted. The Association of Bay Area Governments is the planning and services agency for the 9 counties and 100 cities in the Bay Area. "In San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , our major concern is over job losses which will result from the headquarters move to Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. ," said San Francisco Supervisor Michael Yaki. "This becomes a regional issue since so many employees commute in from outside the city. In addition, there are BofA branches and service centers all around the Bay, and numerous small businesses who currently contract with BofA and are worried about losing a major source of revenue."
CONTACT: Association of Bay Area Governments
Michelle Fadelli, 510/464-7922
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