NATIONSBANK TO HOLD PUBLIC HEARING IN RICHMOND, VA.
RICHMOND, Va., April 26 /PRNewswire/ -- NationsBank (NYSE: NB) will hold a public hearing in Richmond on May 3, to listen to public comment on its community investment efforts. "A large measure of the progress we've made in the community investment arena can be traced directly to ideas received from the people this program serves," said Catherine P. Bessant, principal Community Investment executive for NationsBank. "We're hopeful this hearing will be another successful tool for assessing the needs of our communities." The public is invited to participate in the Richmond forum, scheduled to begin at 6 p.m. at the Richmond Marriott, 500 East Broad St. Testimony is open to all Virginia residents. Those who wish to testify or participate in any way should contact John Davis at 804-788-3661 to reserve a time to appear. Written testimony is also acceptable. Hearing the testimony will be a panel of NationsBank senior officers and leaders of community organizations. Panel members are Randolph McElroy, president of NationsBank of Virginia; Sally Barley, Mid-Atlantic Regional Community Investment coordinator; and Linda Byrd-Harden, NAACP executive director, Virginia State Conference. An independent facilitator will moderate. Those who wish to speak will have 10 minutes for a presentation. Panel members may take up to five minutes to query each speaker. The Richmond hearing is one of eight NationsBank will hold throughout its service area. For NationsBank, the purpose of the hearings is threefold: to assess the financial needs of historically underserved areas; to learn ways the bank can improve its Community Investment Program; and to give community leaders an opportunity to tell senior bank executives about the investment issues and needs in the neighborhoods where they live. The NationsBank Community Investment Program is a collection of special products and services designed for individuals from low- to moderate-income neighborhoods and for small businesses. Its goal is to ensure that NationsBank is the leading provider of credit and depository needs for all segments of the communities it serves. During 1992, NationsBank lenders extended more than $2.2 billion in community investment loans. These results mark substantial first-year progress toward the bank's goal of making $10 billion in such loans within 10 years. -0- 4/26/93 /CONTACT: Missy Ryan of NationsBank, 804-788-6939/ (NB)
CO: NationsBank Corporation ST: Virginia IN: FIN SU:
RA-CF -- AT018 -- 0798 04/26/93 14:25 EDT
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|Date:||Apr 26, 1993|
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